Saxo Bank, the online trading and investment specialist, saw a 200 per cent 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, Saxo Bank.
“The increased year-on-year growth of female investors is a testament to the UAE’s continued encouragement and support of women. We are thrilled to see a continuous growth in female investors, [and] 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.