RCS - CAB Payments Hldgs - CAB GM secures in principle approval from ADGM

Cab Payments HoldingsAnnouncement

28/10/2025 07:00

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RNS Number : 9934E  CAB Payments Holdings PLC  28 October 2025

 

Crown Agents Bank Secures In-Principal Approval for Category 2 Licence of CAB
Global Markets from ADGM's FSRA and Announces Middle East Senior Executive
Officer (SEO)

 

London - [October 28, 2025] - Crown Agents Bank (CAB) is pleased to announce
that its new Middle Eastern Subsidiary, CAB Global Markets, has received an
In-Principal Approval (IPA) from the Financial Services Regulatory Authority
(FSRA) of ADGM for a Category 2 Financial Services Permission.

 

This marks a significant milestone in CAB's strategy to deliver prosperity to
the emerging markets it serves around the world.  The licence will accelerate
access to government, central banking and other important stakeholders,
opening doors and creating unique opportunities and relationships across CAB's
global network.

 

The company is also pleased to announce that Arif Khan has been appointed as
Senior Executive Officer to lead CAB Global Markets. Arif will be spearheading
the organisation's growth and expansion in the region.

 

Arif brings a deep understanding of cross-border transactions, financial
markets, credit and risk having worked closely with sovereigns, multinational
corporates, and development finance institutions in the region. His career
spans both developed and emerging markets, where he has advised corporates and
institutions on complex financing structures, capital raising, and strategic
investments.

"Securing this IPA is a pivotal step in our global roadmap and a strong
endorsement of our strategic focus on the region and the wider emerging
markets which we are focused on delivering prosperity to." said Neeraj Kapur,
CEO of CAB. "We are committed to scaling our offering in Abu Dhabi and
contributing to the UAE's vision of becoming a leading international financial
centre. Our aim is to bring sophisticated, institutional grade, transactional
solutions to the region, which unlock opportunities for long-term growth for
clients operating in the world's most vibrant and dynamic markets."

 

CAB's growth into Abu Dhabi reflects the business's recognition of the UAE's
rapidly growing status as a global financial centre, underpinned by bold
economic vision, forward-looking regulation, and strong institutional
frameworks. Abu Dhabi's strategic location and economic vision make it a
natural hub for CAB's mission of driving financial inclusion and prosperity
across emerging markets.

 

The IPA from the FSRA of ADGM adds to CAB's global regulated footprint
alongside the UK, Netherlands and USA in-line with its strategy to build more
localised relationships around the world.

 

ENDS

 

For further enquiries please contact:

 

FTI Consulting, CABGM@fticonsulting.com (mailto:CABGM@fticonsulting.com) ,
+971 56 914 6615

 

About Crown Agents Bank

 

Crown Agents Bank is a UK-regulated bank focused on emerging markets. Driven
by its mission to support prosperity in hard-to-reach regions, Crown Agents
Bank provides vital financial services through its specialist FX, cross-border
payments, trade finance, and treasury management work. Its relationship-led
model, global market access and deep regional expertise means it can
facilitate the two-way flow of funds throughout the world's most complex
financial markets.

 

Trusted by a global ecosystem of leading institutions across the public,
private and development sectors, Crown Agents Bank's strength lies in its
network, which connects its clients to underserved geographies by giving them
access to 120+ currencies across 800+ currency pairs. With a history spanning
nearly 200 years, the bank partners closely with clients and understands the
nuances of local markets to ensure risk mitigation, improve the flow of money,
and champion financial inclusion so that equitable and truly global markets
can flourish.

 

 

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