Saxo Bank, the online trading and investment specialist, witnessed a 200 percent year-on-year rise in new female investors in the UAE, data released in line with Emirati Women’s Day shows.
Women now make up almost 12 percent of Saxo Bank’s active clients in the market in 2021, the Danish investment bank said, which signals that women are emerging as a significant part of the investing world.
“The increased year-on-year growth of female investors is a 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 continuous growth in female investors, we hope to further emphasize the message that trading is not just for men.”
This consistent growth highlights Saxo Bank’s diverse trading offerings and services, which are enabling women to control their financial futures. The bank recently launched its cryptocurrency offering, allowing clients from the Middle East and North Africa (MENA) region 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.
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 percent of the UAE’s Federal National Council, while a promising 31 percent 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. According to World Bank’s data, the country also has the highest female workforce participation rate, 57.5 percent in 2020, in the MENA region.