Tue, June 18, 2024

Equiti Opens Abu Dhabi Office 1 Year After SCA License.

Broker News

Equiti Group has announced the launch of its new office in Abu Dhabi to propel its presence in the United Arab Emirates. Equiti’s subsidiary manages the newest venture, regulated and licensed by the Securities and Commodities Authority since April of last year.

Iskandar Najjar, Co-Founder and Group CEO of Equiti Group, stated that expanding to Abu Dhabi in the UAE was essential to fortify their presence in Europe, Africa, and the Middle East. They would also be able to establish the West-East Corridor’ through the new hub offering clients digital investment solutions globally. He also said they planned to open new South America and Asia offices.

Equiti opened its new Abu Dhabi office to provide customers unparalleled personalized service. They plan to host educational seminars and workshops to cultivate a more robust investment culture. They also plan to collaborate with local organizations, governmental authorities, and universities.

Abu Dhabi investors are astute and passionate about excellence and success. At the same time, they desire hands-on service combined with leading technology solutions – this is where Equiti in Abu Dhabi strives to make its mark.

Strengthening the global presence

The Equiti brand recently opened its tenth office, this one located in Abu Dhabi. It follows their launch of a Cyprus office last November after gaining the local regulatory license for that island. Now with their presence firmly established across Europe, the Middle East, Africa regions, America, and the Asia-Pacific area – Equiti is making an impact globally on the financial markets!

While Equiti Group does not publicly reveal its financials, the UK business must report performance figures regularly. According to recent reports from Equiti Capital UK Limited, their profits doubled in 2021 to $3.7 million, while revenue only rose 5%. Additionally, its FX Agency desk achieved an astonishing 84% year-on-year growth and reached record trading volume!

The Equiti’s UK subsidiary recently signed a Statement of Agreement to demonstrate its commitment to the FX Global Code of Conduct. This agreement reinforces Equiti’s dedication to upholding essential standards and good practices while conducting business in the wholesale FX market. 

Considering both the size and complexity of their activities and their interactions with this dynamic market, adhering to these principles was an imperative step for Equiti.

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