18 Apr 2022
RTA grants Equiti Group naming right of Umm Al Sheif Metro Station for 10 years
Dubai's Roads and Transport Authority (RTA) has granted Equiti Group, a leading provider of brokerage services across individuals, companies and organisations, the naming rights of Umm Al Sheif metro station, which will be rebranded as Equiti metro station, for a period of 10 years. The station operates on the Red Line of the Dubai metro network and features a strategic location, thanks to connectivity to several key roads, and proximity to iconic landmarks of Dubai.
“The naming rights for metro stations represent a rewarding investment opportunity for numerous companies and businesses in the UAE to promote their brands in Dubai, which stands out as a unique front for a variety of mega corps and a grand platform for major financial and business firms. Dubai Metro stations are a strategic location for investors to showcase their brands. The metro is the mainstay of transportation in Dubai and a key hub in the daily commute of hundreds of thousands of various community members,” commented Abdul Mohsen Ibrahim Kalbat, CEO of Rail Agency, RTA.
"This new partnership franks Dubai’s prestigious profile, the reality of business at various levels. It enhances the confidence of major companies and investors in RTA’s projects in Dubai. The partnership also showcases the role of this vital sector in achieving sustainable economic growth, through capital and investment injections in RTA’s development projects, particularly Dubai Metro, the pioneering mass transit system and the lifeline of passengers’ transport in the emirate,” added Kalbat.
Iskandar Najjar, Equiti Group CEO, said: “Equiti is honoured to have been invited to be a part of the infrastructure and community of the UAE through the naming rights of one of Dubai’s most centrally located metro stations on Sheikh Zayed Road.
“As a global broker, we are exceptionally pleased to collaborate with the Roads and Transport Authority on our journey to becoming the most prominent multi-asset, multi-platform broker in the UAE.”
Commenting on the partnership, Mohamed Al Ahmad, CEO of Equiti Securities Currencies Brokers LLC, said: “We are very excited about our partnership with the RTA and look forward to be a part of the UAE by bringing our financial services offering to this generous country.
In April 2022, RTA will commence to mount up the newly named Equiti metro station on exterior signboards, in smart and electronic systems of the public transport system, as well as to onboard voice announcements across metro trains before and upon arrival at the station, so as to familiarise passengers and station goers with the new name.
About Equiti Securities Currencies Brokers LLC
Equiti Securities Currencies Brokers LLC is regulated by the UAE’s Securities and Commodities Authority as a Category One Broker for Over-the-Counter Derivatives Contracts and Foreign Exchange Spot Markets, under license number 20200000026.
About Equiti Group
Equiti Group’s global footprint includes local offices in Europe, the UK, the Middle East, the Americas, Africa, and the Asia Pacific regions and provides trading support and services on the world’s leading trading platforms MT4 and MT5.
Regulated entities within Equiti Group 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 Futures DMCC, regulated and licensed by UAE's Securities and Commodities Authority, 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 and Equiti AM CJSC, regulated and licensed by the Central Bank of Armenia.