RCS - Capital.com - Capital.com Opens New Regional Head Office in UAE

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RNS Number : 0489J  Capital.com  03 April 2024

Capital.com Opens New Regional Head Office in UAE under #NextGenFDI Initiative

- UAE will be a launchpad for further growth across MENA and Asia -

- Global fintech firm wins full regulatory approval from UAE Securities and
Commodities Authority to deal in securities in UAE -

UNITED ARAB EMIRATES / ACCESSWIRE / April 3, 2024 / Capital.com,
(https://pr.report/nN4AUyX2) the high-growth global trading platform and
fintech group whose trading volumes surpassed USD$1trn in 2023, 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 comes
after the company last week received full regulatory approval from the UAE
Securities and Commodities Authority (SCA).

Kypros Zoumidou, Group Chief Executive Officer, Capital.com, said:

"Capital.com's foray into the UAE marks an important development in our global
growth trajectory. As a cutting edge fintech company regulated across multiple
jurisdictions, the UAE was a natural choice for our first subsidiary in the
region. With its business-friendly ecosystem, supportive market-entry
requirements, flourishing knowledge-based economy, and perfect location as a
base for wider expansion, the UAE continues to cement its position as a
dynamic tech hub for innovative companies with global ambitions. We look
forward to joining the #NextGenFDI community."

HE Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade,
said:

"The UAE is attracting world-class technology companies with bold growth plans
and global ambitions. These businesses recognise 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. Our #NextGenFDI programme continues to draw top global firms and is
becoming an essential pillar as the UAE seeks to attract capital in all its
forms - technological, human and financial. Companies like Capital.com are
helping us to secure our position as one of the world's most dynamic,
future-focused global hubs."

Capital.com is set to become a leading member of the UAE's #NextGenFDI
Programme, a government-led initiative enabling cutting-edge companies from
around the world to establish and expand their operations in the UAE. In 2022,
the company was a sponsor of the UAE's NextGenTalent initiative, which was
aimed at developing the capabilities of local youth and preparing future
leaders in the technology sector. NextGenTalent brought together 5,000
students from Emirati universities to learn essential advanced technology
skills from industry leaders from the likes of META, Oracle, Amazon, Google,
Microsoft, and Stripe. Under the NextGen FDI Programme, Capital.com will not
only benefit from the UAE's robust tech ecosystem, but also its deep talent
pool. Capital.com was also one of the sponsors of the Ministry of Economy's
activities at the inaugural COP 28 Trade Day last December.

Located in Emirates Tower in Dubai, Capital Com MENA will be headed by Tarik
Chebib, CEO of Capital.com, Middle East. Commenting on the newly acquired SCA
license Mr Chebib, said:

"SCA applies enhanced levels of regulation to the UAE securities market,
making it one of the most comprehensive and well-respected regulators in the
world.The approval of our licence affirms our commitment to meet the highest
compliance standards worldwide, marking yet another important milestone in the
strategic development of Capital.com as a fast-growing, regulated trading
platform. Known for our award-winning UX, trading education support and
transparent pricing, we are excited to bring our services to the dynamic,
tech-savvy UAE market. We also plan to harness technology to promote greater
financial literacy across the MENA region, helping traders develop their
understanding of financial markets and make better informed decisions-this is
central to our DNA."

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 USD$1trn for the first time - 43% higher 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.

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. In addition to its web and mobile-based platforms, Capital.com
also provides clients with access to free education and trading tools to help
them hone their trading knowledge. As a global fintech company with offices in
London, Dubai, Limassol, Melbourne, Warsaw and Vilnius, Capital.com is guided
by a sustainability-led startup framework, prioritising smart partnerships
with the public and private sector to help drive progress and sustainable
growth.

For information about Capital.com, visit https://capital.com/about-us
(https://pr.report/qokWLbpz) .

ENDS

Media Contact

PR for Capital.com
Shamillia.sivathambu@capital.com (mailto:Shamillia.sivathambu@capital.com)

+44 7900 016 469

Notes to Editors

About Capital.com

Capital.com (https://pr.report/V7OI0rAz) is a high-growth fintech company
empowering people to participate in financial markets through simple and
innovative online trading platforms. Launched in 2016, its intuitive
award-winning platform -available on web and app -enables investors to trade
thousands of world-renowned markets. To help investors trade with confidence,
the platform is fitted with robust risk management controls, transparent
pricing and extensive educational content to support clients in their
investment journeys.

Capital.com has a global network with offices located in Cyprus, UK and
Australia. Capital Com (UK) Limited is authorised and regulated by the
Financial Conduct Authority (FCA) under registration number 793714. Capital
Com SV Investments Limited is Authorised and regulated by the Cyprus
Securities and Exchange Commission (CySEC), under licence number 319/17.
Capital Com Australia Pty Ltd is authorised and regulated by the Australian
Securities and Investments Commission (ASIC) under AFSL Number 513393. Capital
Com Online Investments Ltd is a Company registered in the Commonwealth of The
Bahamas and authorised to carry out Securities Business by the Securities
Commission of The Bahamas with licence number SIA-F245. Capital Com Mena
Securities Trading LLC is authorised and regulated by the Securities and
Commodities Authority (SCA), under license number 20200000176.

To find out more, please visit: www.capital.com (https://pr.report/IbUDTQsS)

This press release is for media use only. It's not intended for individual
investors, and doesn't include personal advice or recommendations.

DISCLAIMER

CFDs are complex instruments and come with a high risk of losing money rapidly
due to leverage. 84.01% of retail investor accounts lose money when trading
CFDs with this provider. You should consider whether you understand how spread
bets and CFDs work and whether you can afford to take the high risk of losing
your money. Professional clients can lose more than they deposit. All trading
involves risk.

Crypto Derivatives are not available to Retail clients registered with Capital
Com (UK) Ltd. Spread bets are available only to UK clients.

The value of shares and ETFs bought through a share dealing account can fall
as well as rise, which could mean getting back less than you originally put
in. Past performance is no guarantee of future results.

Capital Com (UK) Limited ("CCUK") is registered in England and Wales with
company registration number 10506220. CCUK is authorised and regulated by the
Financial Conduct Authority ("FCA"), under registration number 793714. Capital
Com SV Investments Limited ("CCSV") is registered in Cyprus with company
registration number 354252. CCSV is regulated by Cyprus Securities and
Exchange Commission (CySEC) under licence number 319/17. Capital Com Online
Investments Ltd is a limited liability company (company number 209236B)
registered in the Commonwealth of The Bahamas and authorised to carry on
Securities Business by the Securities by the Securities Commission of The
Bahamas ("SCB") with licence number SIA-F245.

Capital.com is an execution-only brokerage platform and the content provided
on the Capital.com website is intended for informational purposes only and
should not be regarded as an offer to sell or a solicitation of an offer to
buy the products or securities to which it applies. No representation or
warranty is given as to the accuracy or completeness of the information
provided.

The information provided does not constitute investment advice nor take into
account the individual financial circumstances or objectives of any investor.
Any information that may be provided relating to past performance is not a
reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any
affiliate or employee) have any liability for any loss arising from the use of
the information provided. Any person acting on the information does so
entirely at their own risk.

Any information which could be construed as "investment research" has not been
prepared in accordance with legal requirements designed to promote the
independence of investment research and as such is considered to be a
marketing communication.

Related image: Tarik Chebib, CEO, Middle East, Capital.com
(https://www.accesswire.com/imagelibrary/7ba53be3-5adf-49fe-a14e-93027acb0bad/849195/tarik-chebib-ceo-middle-east-capitalcom.jpg)

SOURCE: Capital.com

 

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