Ten Lifestyle Group plc (AIM: TENG), the global concierge platform driving customer loyalty for global financial institutions and other premium brands, is pleased to announce that it has won a multi-year contract with Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region.
Ten will soon launch a concierge and lifestyle programme for UHNW (Ultra High Net Worth) clients of Emirates NBD based in the UAE, including offers and experiences exclusive to these members. Anticipated to be a Medium1 contract in its inaugural year, with potential to expand in the future.
Alex Cheatle, Chief Executive Office of Ten Lifestyle Group plc, said;
“I am delighted that we have won a significant new contract with Emirates NBD, one of the most prestigious banking groups in the region, and will be launching our services to their UHNW clients soon. This win will further strengthen our presence and scale in the Middle East, where we anticipate continued growth.
This contract win, along with further expected contract wins and developments, is expected to underpin revenue growth in H2 2024.”
1 Ten categorises its corporate client contracts based on the annualised value paid, or expected to be paid, by the corporate client for the provision of concierge and related services by Ten as: Small contracts (below £0.25m); Medium contracts (between £0.25m and £2m); Large contracts (between £2m and £5m); and Extra Large contracts (over £5m). This does not include the revenue generated from suppliers through the provision of concierge services. Medium, Large and Extra Large contracts are collectively Ten’s “Material Contracts”.
2 Asia-Pacific the Middle East and Africa.
