Qatar’s MBK Holding unites with Vermeg to develop & promote fintech solutions

By Shilpa Annie Joseph, Official Reporter
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MBK Holdings
Officials from MBK Holding Group and Vermeg International signing the partnership agreement in Doha.

Qatar’s MBK Holding Group has signed a strategic partnership agreement with the international software group Vermeg International to improve cooperation between the two companies in the field of developing and promoting fintech solutions and software in the country.

The agreement aims to create frameworks as part of a long-term strategy plan that covers the fintech industry and focuses on offering and promoting a range of fintech solutions and products regionally, as well as globally.

According to the statement, “It is expected that this partnership will be launched from within the State of Qatar, which has made advanced strides in the field of fintech, which has enabled it to become an advanced global center capable of attracting foreign investments in the field of modern and advanced technology, especially fintech.”

Vermeg International focuses on producing software solutions and technical products for banks and central banks, as well as financial institutions, insurance firms, stock exchanges, brokerage firms, and others, by offering a suite of fintech software and technical solutions.

Mansoor Bin Khalifa Al Thani
Mansoor Bin Khalifa Al Thani
MBK Holding

“This partnership, which is the first of its kind in the State of Qatar, will benefit the financial technology sector in Qatar. This agreement confirms the ability of the State of Qatar to continue to attract investments in various leading and modern technological fields. there is no doubt that the signing of this agreement comes in line with the future vision of the State, which aims to attract many investments in modern and pioneering fields, by presenting initiatives that are concerned with innovations in various technological and financial fields that support the digital economy. we culminate the efforts of our bilateral discussions that lasted about a year to reach an ideal agreement that achieves the desired goals for both parties and enhances the process of cooperation in the coming period, which will witness a double work to develop the financial technology sector through the optimal use of Vermeg’s distinguished products that provide software solutions to many central banks and international banks.”

Mr. Badr El Din Wali, Founder, and Chairman of the Board of Directors of Vermeg International said, “This agreement is not only a commercial partnership aimed at promoting the products offered by our company. It includes specialized and diversified programs directed to the various financial sectors and monetary policies, as it is also a strategic, technical partnership aimed at developing more software solutions in the field of fintech.”

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