Saxo Bank unveils new maternity and paternity leave policy for its UAE staff

Saxo Bank has introduced a comprehensive maternity and paternity leave policy for its UAE-based employees.

The new policy went into effect on June 1, 2023, as part of the Copenhagen, Denmark-headquartered bank’s endeavour to create a progressive workplace for its UAE-based staffers and support their personal lives.

The new maternity and paternity leave policy for the bank’s staff in the UAE offers eligible mothers 100 fully paid workdays, tailoring provisions for mothers adopting children under the age of five, combining public holidays and accumulated vacation leave during the maternity period, and allowing fathers a five-day paternity leave.

Damian Hitchen, CEO, Saxo Bank Middle East, said: “We believe that true success is when our employees feel supported both professionally and personally.”

Saxo Bank currently employs more than 72 nationalities in its offices located in 15 countries across the globe.

‘Inclusive work culture’

Tara Tyan, Regional Head of Marketing, Saxo Bank Middle East, stated: “The comprehensive policy upgrade stands as a testament to our commitment to cultivating an inclusive work culture.

“It isn’t just about numbers; it’s about valuing the transformative moments in our employees’ lives. With 100 fully paid workdays for maternity leave, we are ensuring a balanced life for our colleagues, where career and family can thrive side by side.”

In May 2009 Saxo Bank became the first Scandinavian bank to establish a foothold in the GCC region upon opening its office in Dubai emirate.

The Dubai office (featured image) handles multi-asset trading and investment solutions operations across the MENA region.

Saxo Bank permits private investors and institutional clients to trade in and invest in forex, CFDs, ETFs, stocks, futures, options, and other derivatives.

Saxo Bank’s specialities encompass multi-asset trading and investing, forex trading, contracts for difference, share dealing, fintech, technology, and IT.

Last Updated on 9 months by Arnold Pinto