Doha:Edaa has signed a cooperation agreement with AlRayan Bank, marking it as the first bank in Qatar to facilitate customers in applying for a National Investor Number electronically and updating shareholder details directly through the bank.

According to Qatar News Agency, this agreement allows both new and existing AlRayan Bank customers to complete the necessary steps for obtaining a National Investor Number without having to submit separate applications to Edaa. This number is a crucial requirement for anyone looking to invest in securities within the Qatari financial market.

Sheikh Mohammed bin Jassim Al-Thani, Chief Executive Officer of Edaa, emphasized the significance of simplifying the process to obtain a National Investor Number, highlighting its role as the starting point for investors in Qatar. He pointed out that AlRayan Bank's involvement would improve access to market services by making them available through digital channels, reducing the need for physical visits to service centers.

Omar Al Emadi, Acting Group CEO and Group Chief Operations and Administration Officer at AlRayan Bank, expressed his enthusiasm for the bank being the first to provide direct digital access to Edaa's services. He noted that this partnership aligns with the bank's commitment to enhancing customer experiences by offering seamless and convenient access to essential financial and investment services.

The integration of these services into AlRayan Bank's digital banking system is expected to facilitate customer participation in Qatar's capital market, offering a more flexible and efficient experience. Al Emadi also expressed hopes for continued collaboration with Edaa to advance a more accessible financial system and support digital transformation in Qatar.