National Bonds & Arab Women Authority Sign Strategic Partnership to Empower Arab Women on their Financial Journey

UAE’s prominent Shari’a-compliant savings and investment company, National Bonds has signed an agreement with the NGO, Arab Women Authority. The NGO works towards empowering Arab women across the MENA region by rendering valuable financial management skills and savings tools.

The two organizations join hands to empower women and support their role in societal and economic development. The partnership will also enhance their skills, especially in the areas of investment, savings, and financial literacy.

A Memorandum of Understanding (MoU) was signed by Rehab Lootah, Deputy Group Chief Executive Officer at National Bonds, and Mohammed Al-Dulaimi, Secretary-General from Arab Women Authority today.

National Bonds and Arab Women Authority intend to leverage the partnership to inspire a strong savings culture in the region. It will also try to strengthen cooperation and coordination between government agencies and national companies to support the progress of Arab women.

A joint committee will be formed by the two entities to host forums and events aimed at encouraging women to invest and save, and to improve their skills and financial literacy. Mutual visits will be planned and participation in national and regional events and exchange experiences to support micro-income generating projects for women, with the goal of providing job opportunities and reducing unemployment.

Rehab Lootah, Deputy Group Chief Executive Officer at National Bonds said, “Women in the UAE are one of the most progressive in the world and have a strong drive to pursue their personal and professional goals. Empowered women make empowered societies, which is why the onus is on us at National Bonds to give them the financial tools and skills they need to move forward toward their goals and dreams. We are honored to partner with the Arab Women Authority, which is doing incredible work, as we aim to target all women across the Arab world with this partnership. Moreover, we want to inspire and encourage more women across the region to embrace a fruitful savings journey to increase their financial gain.”

Expressing optimism on the benefits of the MoU, Mohammed Al-Dulaimi, Secretary-General of the Arab Women Authority, commented, “As part of our continued efforts to push for elevating the status of Arab women, we are pleased to have signed this partnership with National Bonds today. Through this MoU, we want to give every Arab woman the opportunity to enhance her financial literacy and begin saving for their future. The partnership also focuses on creating investment and employment opportunities for women, especially among female entrepreneurs and businesses to help increase their contribution and role in the growth of the economy.”