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Equiti signs MoU with MK Enterprise to enter Qatar

Equiti Group has announced it has signed a Memorandum of Understanding (MoU) with Qatari holding company, MK Enterprise, in order to foster innovation and drive meaningful growth in Qatar by providing access to world-class solutions for the capital markets.

With offices in London and abroad, and offering 7 regulatory licenses to support their global client base, Equiti’s innovative and encompassing fintech portfolio focuses on delivering intuitive and deeply advanced solutions, including decentralized digital asset exchanges, physical commodities, and advanced payment solutions.

MK Enterprise Holding will facilitate Equiti’s access to the Qatari market as the country continues to modernize its financial industry. The Qatar-headquartered holding company enables economic development locally and globally with a specific focus on the business and markets of Qatar, GCC, the region, and the world.

“Partnership with MK Enterprise both facilitates and champions our growth strategy”

Mohammed Alahmad Ketmawi, Co-founder and Chief Managing Director of Equiti Group, said: “Our expansion into Qatar brims with potential, as this dynamic market seamlessly aligns with our trajectory for growth. Qatar’s strategic importance cannot be overstated. We are very excited to extend our innovative fintech offerings and our partnership with MK Enterprise both facilitates and champions our growth strategy.”

Sheikha Maryam bint Khalid Al-Thani, Chairperson of MK Enterprise Holding, said: “We are delighted to collaborate with Equiti in Qatar and bring this world-class fintech offering to our people. Our aim has always been to diversify our portfolio of businesses in Qatar. We focus on working with highly reputable and international companies like Equiti to drive growth in Qatar and the GCC through excellence.”

Equiti Group was designed to globally deliver world-class standards in payment solutions, digital assets, and online trading technologies. With a resolute commitment to innovation, Equiti focuses on propelling growth through agile tech solutions and a regulation-first mindset.

Equiti Group’s global footprint includes local offices in the UK, Europe, the Middle East, Africa, Latin America, and the Asia Pacific regions.

Its regulated entities include Equiti Capital UK Ltd regulated by the UK’s Financial Conduct Authority, Equiti Securities Currencies Brokers LLC regulated and licensed by the UAE’s Securities and Commodities Authority, Equiti Group Limited Jordan regulated and licensed by the Jordan Securities Commission, EGM Securities Ltd regulated and licensed by Kenya’s Capital Markets Authority, Equiti Brokerage (Seychelles) Limited regulated and licensed by the Seychelles Financial Services Authority, Equiti AM CJSC regulated and licensed by the Central Bank of Armenia, and Equiti Global Markets regulated and licensed by the Cyprus Securities and Exchange Commission (CySEC)

Equiti, the first to secure OTC license issued by UAE’s SCA

In recent years, Equiti has established itself as a prominent global FinTech in the MENA region. Equiti was the first FinTech to announce its OTC license issued by the UAE’s Securities Commodities Authority in April 2022.

Following the regulatory approval, Equiti opened an office in the prestigious Etihad Towers in Abu Dhabi. The company plans to use the Abu Dhabi office as an educational and knowledge-sharing hub while providing its renowned and personalized investment solutions to the community.

The brokerage firm’s Abu Dhabi operation will offer face-to-face service in a prime location and focus on providing tight spreads and STP (Straight Through Processing) offerings on multi-assets and multi-currency platforms, with instant execution and zero withdrawal fees.

In addition, as an educational and knowledge-sharing hub, Equiti will be offering a series of educational seminars and workshops in the UAE capital to further support building awareness of financial services and investment solutions.

Equiti will work with a range of local entities, governmental authorities, and universities to support this cause and share best practices on safe and diverse investment methods.

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