Saxo Bank, the online trading and investment specialist, saw a 200 percent year-on-year growth in new female investors in the UAE, according to data released in line with Emirati Women’s Day. The consistent growth means that women now make up almost 12% of Saxo Bank’s active clients for the market in 2021.
Emirati Women’s Day is celebrated on 28th August annually. This year’s theme focuses on “Women: Ambitions & Inspiration for Next 50 Years”. Emirati women now make up 50% of the UAE’s Federal National Council, while a promising 31% of the workforce within finance, banking and insurance are female.
The UAE has topped the MENA region rankings on women’s equality initiatives, as a result of several legislative reforms related to economic participation, according to the World Bank’s newly released ‘Women, Business and the Law’ (WBL) report. “The rise in UAE-based female investors reflects the strong efforts of the UAE government to empower the country’s women,” said Tara Tyan, Regional Head of Marketing.
“The increased year-on-year growth of female investors is testament to the UAE’s continued encouragement and support of women. At Saxo Bank we have always believed in creating a platform that supports our customers to give them the confidence to take control of their finances. We are thrilled to see a continuous growth in female investors, we hope to further emphasise the message that trading is not just for men.” added Tara Tyan, Regional Head of Marketing.
The consistent growth highlights Saxo Bank’s diverse trading offerings and services, which are enabling women to control their financial futures. Saxo Bank recently introduced its cryptocurrency offering, allowing clients from the Middle East and North Africa to trade crypto coins against major international currencies. The Crypto FX will allow UAE female investors to broaden their investment options with the market evolving and drawing the attention of retail traders and financial institutions.
About The Saxo Bank Group
Saxo Bank connects people to investment opportunities in global capital markets. As a provider of multi-asset trading and investment, Saxo Bank strives to empower people with a user-friendly, seamless and personalised platform experience that gives them exactly what they need, when they need it, no matter if they want to actively trade global markets or invest into their future.
Founded in 1992, Saxo Bank was one of the first financial institutions to develop an online trading platform that provided private investors with the same tools and market access as professional traders, large institutions and fund managers. Saxo combines an agile fintech mindset with close to 30 years of experience and track record in global capital markets to deliver a state-of-the-art experience to clients. The Saxo Bank Group holds four banking licenses and is well regulated globally. Saxo offers clients around the world broad access to global capital markets across asset classes, where they can trade more than 40,000 instruments in over 20 languages from one single margin account. The Saxo Bank Group also powers more than 120 financial institutions as partners by boosting the investment experience they can offer their clients via its open banking technology.
Headquartered in Copenhagen, Saxo Bank’s client assets total more than 75 billion Euros and the company has more than 2,000 financial and technology professionals in financial centers around the world including London, Singapore, Amsterdam, Shanghai, Hong Kong, Paris, Zurich, Dubai and Tokyo.