Under the terms of the agreement, SHUAA Capital and its associated companies will provide financial advisory, brokerage, and investment management services to National Bonds in the UAE and the broader Middle East and North Africa region.

Sheikh Maktoum Hasher Al-Maktoum, chairman of SHUAA Capital, said: "We are pleased and honored to have been selected as a strategic partner of National Bonds. We are fully committed to providing National Bonds and its customers with excellence in investment management and in customer service." He added: "We have built a strong asset management team that consistently delivers top performance. We are confident that an expanding mandate will further benefit the customers of both SHUAA Capital and National Bonds."

"The alliance between our two leading financial institutions in the UAE is another important step toward becoming everyone's favorite place to save and invest," said Khalifa Al-Daboos, chairman of National Bonds Corporation. He added: "The establishment of this strategic alliance will also complement our ongoing efforts not only to establish a savings culture in the region, but also to help some of our clients shift from risk exposure investments to risk control. SHUAA Capital has an extensive experience in the region, a good investment track record and ability to consistently outperform benchmarks and peers despite the challenging market environment. It is just as important to us that our partner has a rigorous corporate governance and risk management process in place."

The strategic alliance includes other areas of cooperation between SHUAA Capital and National Bonds, which will be announced in the near future.