For our Shareholders
National Bonds applies corporate governance by building a solid system of directing, guiding, monitoring and controlling the
business mechanism. All business processes and operations are governed by conforming applicable regulatory,
statutory and Corporate Governance requirements issued time to time by the regulators. Taking these requirements
as guidance, National Bonds has established set of documented manuals for seamless functionality and to address
matters related to governance, risk assessment & controls, compliance, fraud prevention, authority levels and quality assurance.
To further strengthen the corporate governance and to run effective and efficient day to day operations,
high standard operating procedures (SOPs) are followed and have been established across
all departments, these procedures have been enriched with Quality Management System ISO 9001
-2008 requirements across all functions of National Bonds Corporation PJSC.
National Bonds Corporation PJSC is regulated by UAE Central Bank, Ministry of Economy and Department of Economic Development, Dubai.
National Bonds is subject to audit on yearly basis by the Financial Audit Department of Dubai Government. Moreover,
Ernest & Young act as external auditor, KPMG as internal auditor, and the Shari'a Supervisory Board as the Shari'a auditor.
Therefore, National Bonds business, draws, processes and operations are fully audited by these bodies regularly.
Further, National Bonds Quality Management System is under continuous surveillance by the independent external auditors.
NBC's Draws Governance
National Bonds computer generated draw is governed in line with the rules and regulations established by the
regulatory bodies with complete confidentiality, secrecy and accuracy. The weekly and monthly draws
are overseen jointly in the presence of independent representatives from the Department of Economic
Development and External Auditors.