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4/22/24, 2:04 PM Capital.com Opens New Regional Head Office in UAE | Shares Magazine
Market & Company News

Capital.com Opens New Regional Head Office in UAE

03 April 2024, 07:00RNS Number : 0489J Source - LSE Non-Regulatory
Capital.com
03 April 2024

Capital.com Opens New Regional Head Office in UAE under #NextGenFDI
Ini a ve

- 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, 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."

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