BCS Strata Management Services in the UAE is a joint venture company created by a partnership between National Bonds and PICA (Prudential Investment Company of Australia Pty Ltd)

PICA was established over 50 years ago and has had many interests in a wide range of businesses, its core being the Owners Association Services/Strata Management industry in which it is the market leader. PICA offers customers’ owners association/strata management, financial services, supported by advice, technology and best industry practices.

PICA is a wholly owned subsidiary of FEXCO, a provider of global payment services and processing. Via its three core product groups - Global Corporate Payments, Global Consumer Payments and Business Services - FEXCO distributes millions of international payment transactions annually.

National Bonds Corporation is a private shareholding Dubai-based entity that was launched in March 2006. The government of Dubai holds a 50% ownership in the company with the rest jointly held by Dubai Bank, Dubai Holding and Emaar Properties. National Bonds Corporation is Shari’a compliant, with a dedicated Shari’a Board to oversee all financial aspects including product-related operations and investments.

Since its launch in 2006, National Bonds has come up with various successful initiatives in community development. In December 2006, it launched “Skycourts”, the elegant and affordable freehold residential community in the heart of Dubailand Residence Complex.  In 2006, National Bonds Corporation launched ‘National Properties’, a wholly owned, full-service real estate subsidiary that offers distinctive homes and lifestyle options to the multinational UAE community. They also launched ‘Madaares PJSC’, an initiative aimed at raising quality standards in the region’s education sector. Madaares has acquired Taaleem and its associate Beacon Education, a leading provider of high-end primary and secondary education in the Gulf region consolidate its position in the fast-growing education sector. In May 2008, National Properties launched "Flamingo Creek" a 244 exclusive villa community adjacent to The Lagoons.

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