Page 82 - AAE PR REPORT - November 2024

MultiBank aims to expand global footprint from UAE

base

Leading financial derivatives provider has assets valued at $580 million
Published: Mon 25 Nov 2024, 8:00 AM

• By

• Somshankar Bandyopadhyay

Naser Taher, Founder and Chairman of MultiBank Group

MultiBank Group, a leading financial derivatives provider, aims to expand its global reach in 2025,
and add new products to its portfolio, its founder said.

“2023 was our most successful financial year to date, with a record-breaking revenue of
$306,636,717. Additionally, our total assets are currently valued at over $580 million,” Naser Taher,
Founder and Chairman of MultiBank Group, told Khaleej Times in an interview.
This year has been a year of big achievements for MultiBank, Taher said. “We partnered with
Mashreq to launch an API-enabled Instant Payment solution for corporate clients. This solution is
fully integrated with the Central Bank of UAE’s Aani (Instant Payment Platform), delivering
substantial benefits to both MultiBank Group and Mashreq. Moreover, through our subsidiary, MEX
Global, we recently signed an agreement with Al Ansari Exchange, enabling our clients in the UAE to
seamlessly deposit and withdraw funds via Al Ansari Exchange’s extensive branch network,” he
added.

Dubai is an ideal growth hub for finance, with its strategic location, forward-thinking policies, and
reputation for stability and safety, Taher says. “The UAE’s visionary leaders have built a globally

https://www.khaleejtimes.com/business/finance/multibank-aims-to-expand-global-footprint-
from-uae-base