17:19 27/03/24
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ten lifestyle group announced on Wednesday a significant multi-year agreement with Emirates NBD, a prominent banking group in the Middle East, North Africa and Turkiye region.
The company, which trades with AIM, said that under the agreement it will introduce a customized concierge and lifestyle program specifically for Emirates NBD's ultra-high net worth (UHNW) customers in the United Arab Emirates.
The program will offer a variety of special offers and experiences, hand-picked exclusively for members, with the aim of enhancing their lifestyle and enhancing their banking experience, it said.
While the deal is expected to be “moderate” in the first year, the company said the partnership has promising prospects for future expansion.
“We are delighted to have won an important new contract with Emirates NBD, one of the most prestigious banking groups in the region. We will soon launch our services to ultra-high net worth customers.” Managing Director Alex Cheatle said.
“This win further strengthens our presence and scale in the Middle East, where we expect continued growth.
“This contract win, and further anticipated contract wins and developments, are expected to support revenue growth in the second half of 2024.”
At 1159 GMT, Ten Lifestyle Group shares were up 2.6% at 69p.
Report by Josh White of Sharecast.com.
