Capital.com expands into UAE’s lucrative market, signaling growth Opportunities in the MENA region for investors worldwide.
Capital.com expands into UAE’s lucrative market, signaling growth Opportunities in the MENA region for investors worldwide.
Capital.com Expands its operations into the UAE, marking a significant milestone in its global expansion efforts. This latest development marks the firm’s entry into the Middle East and North Africa (MENA) region, a move going to bolster its presence in the Gulf Cooperation Council (GCC) market. Tarik Chebib, CEO of Capital.com’s Middle Eastern operations, expressed eagerness about the expansion, underlining the region’s strategic importance.
Chebib, who assumed leadership in August 2022, emphasized plans to grow the company’s regional team through active recruitment efforts. The expansion into the UAE complements Capital.com’s existing regulatory framework, which includes licenses in the United Kingdom, Cyprus, Australia, and The Bahamas. The acquisition of the UAE license reflects the company’s commitment to providing comprehensive financial services while adhering to rigorous regulatory standards across diverse jurisdictions.
Founded in 2016 and owned by Belarusian entrepreneur Viktor Prokopenya, Capital.com has steadily expanded its regulatory footprint. Alongside its core brokerage services, the company also operates Currency.com, offering cryptocurrency trading services. The recent license from the UAE’s SCA allows Capital.com to operate as a financial products dealer, international market trading broker, and trading broker of OTC derivatives and currencies in the spot market.
The regulatory registry of the SCA confirms the accreditation of two key personnel for Capital.com’s UAE operations: Tarik Chebib and Lina Rasbey, the Operations Manager at the Dubai office since September of the previous year. This expansion underscores Capital.com’s commitment to providing high-quality services to clients while adhering to stringent regulatory standards across multiple jurisdictions. With its expanded presence in the MENA region, Capital.com aims to capitalize on emerging opportunities and further solidify its position as a leading global brokerage firm.
In Conclusion, Capital.com’s expansion into the UAE underscores its commitment to global growth and market accessibility. With this strategic move, the company is poised to capitalize on new opportunities and strengthen its position in the international financial landscape. Investors can anticipate exciting developments as Capital.com expands its footprint and enhances its services worldwide.
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