Ethmar International Holding and National Bonds Corporation Conclude Strategic Partnership Agreement

Ali El Gebely: Strategic partnerships and the upcoming listing will contribute to the development of the company’s business and increase its successful investments at the local and international levels

Mohammed Qasim Al Ali: We are always keen to enter into such partnerships for the interest of investors

Ethmar International Holding (EIH) has signed a strategic partnership agreement with National Bonds Corporation, a subsidiary of the Investment Corporation of Dubai, as part of the preparations for listing EIH as a joint stock company in the UAE stock market.

The partnership agreement, whereby National Bonds Corporation will act as a strategic partner during the private offering process, represents a new milestone in the track record and achievements of the two companies, and contributes to the expansion of local markets and the growth and development of the UAE economy, in line with country’s leadership’s vision to create a clear path for sustainable economic growth.

On this occasion, Mr. Ali El Gebely, the Managing Director and CEO of Ethmar International Holding (EAH), said “Ethmar International Holding a a leading company in the Middle East, seeks to build real value for the future of investment through strategic partnerships and to develop a diversified, innovative and sustainable investment portfolio.”

He added: “the UAE economy serves is a key hub for the financial markets’ activities in the Middle East, and this clearly reflected in the great economic boom in the country”. He stressed that the high resilience that UAE economy has demonstrated in the face of the ongoing global challenges has attracted many investors from all over the world to establish their businesses and invest in this fast-growing emerging market. He also praised BHM Capital’s broad experience in the financial markets, and in providing high-quality services in line with the highest international standards.

For his part, Mr. Mohammed Qasim Al Ali, CEO of National Bonds Corporation, commented, “We are delighted to have such investment opportunities, as we always seek such partnerships for the benefit of the investors in the company.”

He added, “The National Bonds Corporation provides safe opportunities for the buildup of wealth and savings through a Shariah-compliant Mudaraba savings scheme, the first of its kind in the world. One of the most key pillars of the Company’s success is its firm belief in the pivotal role of safe investment in building a stronger economy, and its continuous commitment to shaping a better financial future for today’s and tomorrow’s generations. And we are confident that our strategic investment in Ethmar International Holding will serve the interests of the company’s investors.”

Holding many companies in various commercial and industrial sectors, including energy, technology and real estate development, the Abu Dhabi-based Ethmar Holding Group focuses on encouraging and developing diversified businesses across a wide range of key sectors at the local and international levels, in pursuit of sustainable returns that ensure strong and continuous growth for the group.

National Bonds Corporation (A single one person private joint stock company) is a UAE-based leading investment company with an innovative Shariah-based approach to providing financial products and services to a large and diverse customer base of individual, corporate and high-income clients.

Established as a private joint stock company in March 2006 with a paid up capital of AED 150 million, the National Bonds Corporation is wholly owned by the Investment Corporation of Dubai, the investment arm of the Government of Dubai.