National Bonds achieves 6.03 percent annual profit rate for its bondholders
National Bonds Corporation, the Shari'a compliant national savings scheme of the UAE, has rounded off its first full financial year achieving substantial profits for its bondholders, surpassing expectations.
Accordingly, bond holders will be entitled to an annual profit rate of 6.03 percent for the financial year ending 2007, which would translate into even higher profit entitlement for those holding bonds also for the few months of the year 2006.
Commenting on the profit disbursement, Nasser Bin Hassan Al-Shaikh, Vice Chairman & CEO of National Bonds Corporation said that people of all nationalities have received the savings scheme with great enthusiasm since its launch in the UAE. (WAM)
Accordingly, bond holders will be entitled to an annual profit rate of 6.03 percent for the financial year ending 2007, which would translate into even higher profit entitlement for those holding bonds also for the few months of the year 2006.
Commenting on the profit disbursement, Nasser Bin Hassan Al-Shaikh, Vice Chairman & CEO of National Bonds Corporation said that people of all nationalities have received the savings scheme with great enthusiasm since its launch in the UAE. (WAM)
No comments:
Post a Comment