DUBAI, UAE – Like many traditionally male-dominated sectors, women have long been seen as unsuitable for managing finances and investing. The tides, however, turn. In recent years, thanks to advances in financial technology and improved accessibility to investment tools and resources, more women than ever are trading and investing.
Saxo Bank, the leading fintech specialist focused on multi-asset trading and investing, has seen an 18% increase in the share of women among its new business clients in the UAE since 2017. The growth of female investors in the region is irrefutable.
“On the seventh Emirati Women’s Day, we are thrilled to play our part in this journey by encouraging and enabling women investors to take their first steps,” said Tara Tyan, Regional Marketing Manager – MENA at Saxo Bank. “Over the past five years, we have seen women become increasingly financially independent, while playing a crucial role in financial decision-making – a role and responsibility traditionally associated with male family members.
“However, we still have a long way to go, so we encourage more women to break free, be confident and start investing now.”
Saxo Bank has shared some suggestions for women looking to invest for the first time:
- Education is the key: As always, the first and best way to improve is to acquire and improve knowledge. Financial literacy and awareness helps new investors improve their personal finances.
- Evaluate finances: All is relative. Assess your current financial situation to help you plan for a more secure future. This will also help determine associated risks and highlight potential areas to increase savings.
- Research before investing: Search, search, and search again. Explore all possible investment options: bonds, ETFs, forex, commodities, crypto, and more. Saxo has extensive research, but you should expand your knowledge through a variety of information sources.
- Be confident: Finally, be confident in your decision and never let fear – or fearmongers – keep you from investing. If you’ve followed the first three steps, you’re well positioned to thrive.
We believe that there is a huge opportunity for women investors to grow, especially with the support of several government initiatives and reforms encouraging women to participate in the economy.
About Saxo Bank Middle East
Founded in 1992, Saxo Bank was one of the first financial institutions to develop an online trading platform offering private investors the same tools and market access as professional traders, large institutions and fund managers. It was also the first Scandinavian bank to establish a presence in the GCC when it opened a regional office in the Dubai International Financial Center in May 2009. It opened an office in Abu Dhabi in 2014 and quickly saw its revenues in the MENA region triple.
Copenhagen-based Saxo combines an agile fintech mindset with nearly 30 years of experience and experience in global capital markets to deliver a cutting-edge experience for its clients. Saxo Bank Group holds four banking licenses and is well regulated globally, including by the Central Bank of the United Arab Emirates. Saxo’s worldwide client assets total more than €75 billion and the company employs more than 2,000 finance and technology professionals in financial centers around the world, including London, Singapore, Amsterdam, Shanghai, Hong Kong, Paris, Zurich, Tokyo, as well as Dubai and Abu Dhabi.
For more information, visit: http://www.home.saxo/ME.