Just a week
after acquiring an operational license in the United Arab Emirates (UAE), Capital.com announced opening a new regional headquarters in the Middle-Eastern country.
The move comes as the company joins the UAE’s NextGenFDI initiative to attract cutting-edge digital businesses to the country.
The new
subsidiary, Capital Com MENA Securities Trading LLC, will serve as
Capital.com’s operating headquarters for the Middle East, North Africa, and
Asia regions. This strategic expansion allows the company to consolidate in the
UAE market while positioning itself for further growth across neighboring
regions.
Capital.com’s
entry into the UAE follows the company’s recent acquisition of a full
regulatory license from the UAE Securities and Commodities Authority (SCA). Tarik
Chebib, the president of brokerage for Middle Eastern operations, who joined
the company in 2021, conveyed this information yesterday (Tuesday).
“As a
cutting edge fintech company regulated across multiple jurisdictions, the UAE
was a natural choice for our first subsidiary in the region,” said Kypros
Zoumidou, the Group Chief Executive Officer of Capital.com.
As he
added, the UAE offers a business-friendly ecosystem and supportive market-entry requirements, making it a “perfect location as a base” for Capital.com’s
wider expansion.
Capital.com’s expansion into the new market is crucial, especially since the
company has suspended the acceptance of new clients in its standard positions.
Two weeks ago, the firm announced it was suspending the onboarding of new
accounts in the UK.
Leveraging UAE’s Tech
Ecosystem and Talent Pool
As part of
the NextGenFDI program, Capital.com will benefit from the UAE’s robust
technology ecosystem and deep talent pool. Previously, The company sponsored
initiatives like NextGenTalent, which aimed to develop advanced technology
skills among Emirati youth.
“The
UAE offers not just one of the most vibrant ecosystems in the world but also
serves as an access point to expanding regional economies and the high-growth
markets of Asia and Africa,” said HE Dr. Thani bin Ahmed Al Zeyoudi, UAE
Minister of State for Foreign Trade.
The company’s recent growth results support Capital.com’s expansion into the UAE. In 2023, the platform’s total client trading volumes surpassed $1
trillion for the first time, marking a 43% increase from the previous year.
This has earned Capital.com recognition as one of the 50 fastest-growing
technology companies in the Middle East and Cyprus.
Just a week
after acquiring an operational license in the United Arab Emirates (UAE), Capital.com announced opening a new regional headquarters in the Middle-Eastern country.
The move comes as the company joins the UAE’s NextGenFDI initiative to attract cutting-edge digital businesses to the country.
The new
subsidiary, Capital Com MENA Securities Trading LLC, will serve as
Capital.com’s operating headquarters for the Middle East, North Africa, and
Asia regions. This strategic expansion allows the company to consolidate in the
UAE market while positioning itself for further growth across neighboring
regions.
Capital.com’s
entry into the UAE follows the company’s recent acquisition of a full
regulatory license from the UAE Securities and Commodities Authority (SCA). Tarik
Chebib, the president of brokerage for Middle Eastern operations, who joined
the company in 2021, conveyed this information yesterday (Tuesday).
“As a
cutting edge fintech company regulated across multiple jurisdictions, the UAE
was a natural choice for our first subsidiary in the region,” said Kypros
Zoumidou, the Group Chief Executive Officer of Capital.com.
As he
added, the UAE offers a business-friendly ecosystem and supportive market-entry requirements, making it a “perfect location as a base” for Capital.com’s
wider expansion.
Capital.com’s expansion into the new market is crucial, especially since the
company has suspended the acceptance of new clients in its standard positions.
Two weeks ago, the firm announced it was suspending the onboarding of new
accounts in the UK.
Leveraging UAE’s Tech
Ecosystem and Talent Pool
As part of
the NextGenFDI program, Capital.com will benefit from the UAE’s robust
technology ecosystem and deep talent pool. Previously, The company sponsored
initiatives like NextGenTalent, which aimed to develop advanced technology
skills among Emirati youth.
“The
UAE offers not just one of the most vibrant ecosystems in the world but also
serves as an access point to expanding regional economies and the high-growth
markets of Asia and Africa,” said HE Dr. Thani bin Ahmed Al Zeyoudi, UAE
Minister of State for Foreign Trade.
The company’s recent growth results support Capital.com’s expansion into the UAE. In 2023, the platform’s total client trading volumes surpassed $1
trillion for the first time, marking a 43% increase from the previous year.
This has earned Capital.com recognition as one of the 50 fastest-growing
technology companies in the Middle East and Cyprus.
