Page 694 - MOE ENGLISH PR - APRIL 2024

4/22/24, 2:03 PM Capital Opens New Regional Head Office In UAE Under #Nextgenfdi Initiative | MENAFN.COM

Capital Opens New Regional Head Office In

UAE Under #Nextgenfdi Initiative

Date Share on Facebook Tweet on Twitter
4/3/2024 4:30:11 AM

(MENAFN- ACN NewsWire) Capital 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 (UAE), Apr 3, 2024 - (ACN Newswire) - Capital,

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 , said:

"Capital'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."

https://menafn.com/1108052718/Capital-Opens-New-Regional-Head-Office-In-UAE-Under-Nextgenfdi-Initiative 1/3