The first Emirati platform specialized in employee savings programs

Abu Dhabi witnessed the launch of “Equivo”, the first Emirati platform specialized in savings programs for employees in the UAE, which aims to provide an innovative package of global savings programs for business enterprises from the public and private sectors and the workforce in the Middle East.
Through the employers, equivo was able to invest a percentage of their monthly income in a highly rated investment portfolio to serve as a savings or pension portfolio. Employers can offer this benefit as an alternative to the end of service indemnity stipulated in the Labor Law or as an optional incentive benefit for their employees.