Fintech PR

Equiti Group and SIGMA Capital announce joint venture in Cairo

Published

1 month ago

October 15, 2024

equiti-group-and-sigma-capital-announce-joint-venture-in-cairo

CAIRO, Oct. 15, 2024 /PRNewswire/ — Equiti Group and SIGMA Capital in a joint venture agreement have launched a financial education hub in Cairo.

The new facility, featuring state-of-the-art classrooms and auditoriums, is now fully operational and ready to deliver comprehensive financial education to the Egyptian market.

This strategic partnership aims to promote financial literacy and empower Egyptians with the tools to achieve financial freedom and actively participate in the growing financial markets.

Egypt, one of the fastest-growing economies in Africa and the Middle East, has experienced remarkable growth over the past two decades. With its GDP nearly tripling between 2002 and 2022, the country is home to a young, ambitious population eager to embrace opportunities in the global economy.

The Cairo hub is designed to provide a range of educational resources, from basic financial literacy to advanced market strategies.

In addition to regular workshops and seminars, Equiti SIGMA will be hosting global market experts in Cairo throughout the year.

These sessions will offer deep insights into global financial trends and cutting-edge strategies for navigating financial markets.

“Egypt is a hub of incredible potential,” said Iskandar Najjar, Equiti Group Co-founder. “Partnering with SIGMA Capital allows us to bring global expertise to a market that is championing growth. This hub will be key to driving financial independence for many Egyptians.”

This partnership represents not just a focus on education but a long-term investment in Egypt’s economic potential. With over 100 million people, Egypt’s youthful and digitally connected population is poised to drive the next wave of economic growth in the region.

“We deeply believe in the potential of the Egyptian people,” said Ahmed Marwan, SIGMA Capital Chairman. “This educational hub is a pivotal step for both organizations, and we take great pride in delivering world-class financial education and insights that contribute to Egypt’s economic progress.”

Equiti Group’s commitment to sending global market experts to lead ongoing masterclasses ensures that Egyptians will have access to world-class financial education right from their doorstep.

“Great partners create great outcomes,” added Iskandar Najjar. “With SIGMA Capital, we have the opportunity to make a real, lasting impact and help more people access the tools they need to achieve financial freedom.”

The New Cairo office, situated in Plot 280, is now open and actively offering free educational programs.

With a variety of learning formats and global expertise at their disposal, Equiti Group and SIGMA Capital are well-positioned to drive financial literacy and economic empowerment in Egypt.

For more information, visit Free Finance Workshops, Seminars and Resources | Equiti Sigma.

About Equiti

Equiti is the brand name of ‘Equiti Brokerage Seychelles’ and an FSA-regulated member of the Equiti Group of companies. The Equiti Group offers trading technology, payment software, virtual assets, asset management and physical commodity solutions with a presence in Africa, Asia, Europe and the Middle East. The Group holds licenses from highly regulated jurisdictions across the world, including the UK’s FCA, the UAE’s SCA, Cyrpus’ CySec and more.

About SIGMA Capital

SIGMA Capital is one of the leading financial services companies in Egypt. Established in 2000 with the aim of providing top-quality financial services to the regional market, SIGMA Capital’s first endeavour in Egypt was to establish its securities brokerage business, expanding its service offering to include custody, investment banking, asset management and private equity.

The Equiti Sigma facility features state-of-the-art classrooms and is fully operational.

Photo – https://mma.prnewswire.com/media/2529623/Sigma_lobby.jpg

Photo – https://mma.prnewswire.com/media/2529624/Sigma_classroom.jpg

View original content:https://www.prnewswire.co.uk/news-releases/equiti-group-and-sigma-capital-announce-joint-venture-in-cairo-302275136.html

Fintech PR

Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region

Published

35 minutes ago

November 24, 2024

CISION (PR Newswire)

wahed-appoints-khalid-al-jassim-as-executive-chairman-of-wahed-mena-to-help-guide-the-strategic-growth-of-wahed-in-the-region

DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.

On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”

Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.

His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.

As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.

Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”

About Wahed

Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.

For more information, visit: www.wahed.com

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View original content:https://www.prnewswire.co.uk/news-releases/wahed-appoints-khalid-al-jassim-as-executive-chairman-of-wahed-mena-to-help-guide-the-strategic-growth-of-wahed-in-the-region-302314779.html

Fintech PR

Qatar Development Bank announces strategic investment in global Islamic FinTech, Wahed

Published

35 minutes ago

November 24, 2024

CISION (PR Newswire)

qatar-development-bank-announces-strategic-investment-in-global-islamic-fintech,-wahed

DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.

Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.

Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.

Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”

About Wahed

For more information, visit: www.wahed.com

About Qatar Development Bank

Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.

For more information, visit: https://www.qdb.qa/

Photo – https://mma.prnewswire.com/media/2566075/Qatar_Development_Bank_Announcement.jpg

View original content:https://www.prnewswire.co.uk/news-releases/qatar-development-bank-announces-strategic-investment-in-global-islamic-fintech-wahed-302314778.html

Fintech PR

China’s AIMA brand electric motorbike is now in Bangladesh

Published

14 hours ago

November 23, 2024

CISION (PR Newswire)

DHAKA, Bangladesh, Nov. 23, 2024 /PRNewswire/ — With the popularity of electric vehicles in Bangladesh, the globally renowned AIMA brand has also arrived in Bangladesh. The esteemed DX Group has brought the AIMA F-626 to customers. This environmentally friendly battery-operated electric motorbike has already been approved by the Bangladesh Road Transport Authority (BRTA) now.

In light of the increasing popularity of electric motorcycles in the country, the internationally-leading brand AIMA has entered the market. By the end of 2023, AIMA electric two-wheelers had established a presence in over 50 countries worldwide, with 11 global production bases, including overseas factories in Indonesia and Vietnam. In 2022, AIMA collaborated with Rob Janoff, the designer of the Apple logo, to refresh the brand’s VI system with a youthful and fashionable image. In 2023, AIMA teamed up with PANTONE, the global authority in color expertise, to create the trending color of the year. As an industry leader, AIMA spearheads the electric two-wheeler sector and showcases the prowess of a leading electric two-wheeler brand on a global scale. As of March 31, 2024, AIMA’s total electric two-wheeler sales had reached 80 million units, earning certification from Frost & Sullivan, a globally recognized business growth consulting firm, as the “Global Leading Electric Two-wheeler Brand”.

Over the years, AIMA has always been a product trendsetter in the electric two-wheeler sector. As of March 31, 2024, the total sales volume of AIMA electric two-wheelers reached 80 million, and Frost & Sullivan, a world-renowned market consulting company, awarded AIMA with the market status certification of the “Global Leading Electric Two-wheeler Brand (by Sales)”.

AIMA adhere to the customer-centered product philosophy and technologies that support long-term innovation and breakthroughs. We believe that the efficiency and modern technology of the AIMA F-626 will present an excellent alternative means of communication for our customers.