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Abu Dhabi – Equevu has officially debuted in Abu Dhabi as the first workplace savings platform developed in the UAE, dedicated to providing businesses and their employees with world-class savings options.
Registered with the Abu Dhabi Global Market (ADGM), Equevu enables employees, through their employers, to invest a percentage of their salary in a high-rated portfolio, as a savings wallet or pension fund, according to the press release.Sunday
Employers can offer this benefit in lieu of end-of-service gratuities, or in addition to their employees, who can choose an investment option.
Hazem Abdel Rahman, CEO of Equevu, said: “The UAE and the GCC as a whole are rapidly entering advanced country territories with ambitious plans and impressive implementations. Providing workplace saving solutions is in line with local governments to attract and retain the world The goal of the best talent.”
He added: “The key to financial freedom is not to make more money, but to continually save and invest more money over time. This is a principle we follow and promote at Equevu. Funds can be withdrawn at any time, allowing Employees feel at ease.”
Workplace savings solutions are common in Australia, Europe and North America, often as part of private pension plans. Globally, financially stressed employees are five times more likely to be distracted at work, with approximately 46% spending three hours or more during the work week thinking about or dealing with financial issues.
Equevu is committed to delivering value to employers and employees and wants to be the leading technology platform for savings solutions in the Middle East.
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