Global fintech firm wins full regulatory approval from UAE Securities and Commodities Authority to deal in securities in UAE.
Capital.com, a global trading platform and fintech group has announced that it is joining the UAE’s #NextGenFDI initiative for digitally-enabled businesses as it opens a new subsidiary, Capital Com MENA Securities Trading LLC (Capital Com MENA), based in the UAE.
The new entity will be the operating headquarters for the region as the firm consolidates its position in the UAE market and as it looks to expand across MENA and Asia. The announcement released on Monday comes after the company last week received full regulatory approval from the UAE Securities and Commodities Authority (SCA).
Access Point to Expanding Regional Economies
«The UAE is attracting world-class technology companies with bold growth plans and global ambitions. These businesses recognize that 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,» HE Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, said.
Located in Emirates Tower in Dubai, Capital Com MENA will be headed by Tarik Chebib, CEO of Capital.com, Middle East. Capital.com enables clients to trade derivatives on more than 3,000 of the world’s most popular indices, commodities, cryptocurrencies, shares and currency pairs.
Impressive Year-on-year Growth
Capital.com’s foray into the UAE is supported by the company’s strong growth results in recent years. Last year, the company’s total client trading volumes surpassed $1 trillion for the first time – 43 percent igher than the previous year.
As a result of impressive year-on-year growth, Capital.com was ranked among the 50 fastest-growing technology companies at the «2023 Deloitte Technology Fast 50 Middle East & Cyprus Awards».
