Equiti Opens Abu Dhabi Office within a Year of Gaining SCA License
Equiti Group has announced the opening of a new office in Abu Dhabi, thus expanding its presence in the United Arab Emirates. The new office is being operated by the Securities and Commodities Authority-regulated subsidiary of Equiti, which is a license it gained last April.Equiti Opens New Abu Dhabi Office“Our expansion in the UAE to Abu Dhabi was a must to further strengthen our presence in Europe, Africa, and the Middle East with our plans to open in Asia and South America soon. Our Abu Dhabi operations will serve as a link to achieve this 'West-East Corridor' of digital investment solutions offering to our clients globally,” said the Co-Founder and Group CEO of Equiti Group, Iskandar Najjar.Under the roof of the new Abu Dhabi office, Equiti is offering personalized services to its clients. It has plans to conduct educational seminars and workshops. Further, Equiti is considering partnering with various local entities, governmental authorities, and universities to raise investment awareness.“The UAE, with its Capital Abu Dhabi, has a very strong economy and a solid financial infrastructure. This will allow us to attract more international investors to the capital,” added Mohamed Al Ahmad, the Co-Founder and CEO of Equiti Securities Currencies Brokers, the entity that is operating the new office.“We are aware of how discerning and astute the investors in Abu Dhabi are. They are passionate for excellence and success. At the same time, they seek personal service and top-of-line technological solutions. This is where Equiti in Abu Dhabi will fill in the gap.”Strengthening the Global PresenceThe new Abu Dhabi office is the tenth physical location from which the Equiti brand operates. Last November, the broker group opened a Cyprus office after receiving a local regulatory license on the island. In addition, the group has a presence in the UK, the Americas, Africa, the Asia Pacific, and other regions in the Middle East and Europe.Though Equiti Group does not publish its financials publicly, its UK business must regularly report business performance. According to the latest numbers of Equiti Capital UK Limited, the entity more than doubled its profitability in fiscal year 2021 to $3.7 million. However, the revenue growth was capped at 5 percent. Its FX Agency desk’s trading volume grew 84 percent year-over-year to touch a record.Earlier this month, Equiti’s UK subsidiary signed the Statement of Agreement to the FX Global Code of Conduct to ensure its specific standards of good practices while operating in the wholesale FX market. The company highlighted that its decision to adhere to the principles of the Code was pushed by the size and complexity of its activities and the nature of its engagement in the FX market. This article was written by Arnab Shome at www.financemagnates.com.
Equiti Group has announced the opening of a new office in Abu Dhabi, thus expanding its presence in the United Arab Emirates. The new office is being operated by the Securities and Commodities Authority-regulated subsidiary of Equiti, which is a license it gained last April.
Equiti Opens New Abu Dhabi Office
“Our expansion in the UAE to Abu Dhabi was a must to further strengthen our presence in Europe, Africa, and the Middle East with our plans to open in Asia and South America soon. Our Abu Dhabi operations will serve as a link to achieve this 'West-East Corridor' of digital investment solutions offering to our clients globally,” said the Co-Founder and Group CEO of Equiti Group, Iskandar Najjar.
Under the roof of the new Abu Dhabi office, Equiti is offering personalized services to its clients. It has plans to conduct educational seminars and workshops. Further, Equiti is considering partnering with various local entities, governmental authorities, and universities to raise investment awareness.
“The UAE, with its Capital Abu Dhabi, has a very strong economy and a solid financial infrastructure. This will allow us to attract more international investors to the capital,” added Mohamed Al Ahmad, the Co-Founder and CEO of Equiti Securities Currencies Brokers, the entity that is operating the new office.
“We are aware of how discerning and astute the investors in Abu Dhabi are. They are passionate for excellence and success. At the same time, they seek personal service and top-of-line technological solutions. This is where Equiti in Abu Dhabi will fill in the gap.”
Strengthening the Global Presence
The new Abu Dhabi office is the tenth physical location from which the Equiti brand operates. Last November, the broker group opened a Cyprus office after receiving a local regulatory license on the island. In addition, the group has a presence in the UK, the Americas, Africa, the Asia Pacific, and other regions in the Middle East and Europe.
Though Equiti Group does not publish its financials publicly, its UK business must regularly report business performance. According to the latest numbers of Equiti Capital UK Limited, the entity more than doubled its profitability in fiscal year 2021 to $3.7 million. However, the revenue growth was capped at 5 percent. Its FX Agency desk’s trading volume grew 84 percent year-over-year to touch a record.
Earlier this month, Equiti’s UK subsidiary signed the Statement of Agreement to the FX Global Code of Conduct to ensure its specific standards of good practices while operating in the wholesale FX market. The company highlighted that its decision to adhere to the principles of the Code was pushed by the size and complexity of its activities and the nature of its engagement in the FX market.
This article was written by Arnab Shome at www.financemagnates.com.
