Al Maryah Community Bank launches new digital service

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Al Maryah Community Bank (Mbank) has announced the launch of its new digital service for issuing a Dubai Financial Market (DFM) investor number through its Mbank UAE app, through which new DFM investors will be able to obtain a new investor number and immediately participate in IPO opportunities through the Al Maryah Community Bank (Mbank) application.

The launch of this feature was driven by Mbank’s acute vision to support its customers and provide an exceptional experience for digital subscription easily in Dubai Electricity and Water Authority’s initial public offering through Mbank UAE app, during the subscription period from Thursday. from March 24, 2022 to April 2, 2022, and with a minimum subscription of AED 5,000 and a guaranteed allocation of at least 1,000 shares.

Al Maryah Community Bank (Mbank) also offers investors the opportunity to leverage their investment up to five times, as well as benefit from the opportunity to invest for their children in the DEWA IPO using the accounts “Eyalna” from Al Maryah Community Bank. (Mbank).

Al Maryah Community Bank (Mbank), as the receiving bank, allows its customers to easily participate in the subscription through its banking application in minutes, without the need to visit the bank or submit paper transactions, in addition of its other digital services.

The digital investment services of Al Maryah Community Bank (Mbank) contribute to the development and support of capital markets and the strengthening of various sectors of the economy, with its modern technological solutions aimed at digital transformation and prosperity of the markets of investment.

Mohammed Wassim Khayata, CEO of Al Maryah Community Bank (Mbank), expressed his gratitude for the Dubai Financial Market’s efforts to support banking digitalization and strengthen its role in the local community, saying: “Through this event, we are pleased to extend our thanks and appreciation to the Dubai Financial Market for its pivotal role and contribution in supporting and driving digital transformation in banking, which we seek to achieve through the pioneering solutions provided by Al Maryah Community Bank (Mbank) to its customers, striving for excellence through innovative and world-class banking services, in order to achieve the happiness and well-being of customers of Al Maryah Community Bank (Mbank) and d to ensure community banking needs are met and to support economic and strategic growth in the United Arab Emirates”.

Hamed Ali, CEO of DFM and Nasdaq Dubai, said: “We are delighted to be cooperating with Al Maryah Community Bank (Mbank) in this launch of its new digital platform which enhances the investor experience as they are increasingly attracted to DFM in terms of both trading activity and participation in upcoming IPOs. At DFM, we are fully committed to working with leading financial institutions, including Al Maryah Community Bank (Mbank), to launch unique and proactive digital transformation initiatives as part of our tireless efforts to ensure seamless access to available opportunities. on the market.

For his part, Anas Hussain, Head of Retail Banking Group and Financial Services Department, underlined: “Upgrading banking services to an unprecedented level is a challenge that Al Maryah Community Bank (Mbank) is facing. is committed as part of its efforts to lead the digital transformation in the field of banking services, starting with opening a bank account in minutes using the digital identity, UAE PASS, and without the need to go through paper transactions , as well as to provide exceptional banking and investment services.

Al Maryah Community Bank (Mbank), the first integrated digital bank in the United Arab Emirates, contributes through its distinguished banking services to the development of financial awareness of all segments of society as part of the social responsibility of the bank , including building children’s financial management skills. and encourage savings through its “Eyalna” minor bank accounts, debit cards, and annual rewards program for minors’ accounts.

To find out more, register on the Mbank UAE app, call 600571111 or visit www.mbank.ae/ipo

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