XS.com expands to Kuwait and launches regional hub with NVEST
XS.com opens new office in Kuwait City
XS.com, a global multi-asset broker and leading fintech provider, has officially entered the Kuwaiti market with the opening of its first office in Kuwait City. This milestone marks a significant step in the company’s broader expansion strategy across the Gulf Cooperation Council (GCC) countries.
The move was made possible through a strategic alliance with NVEST, a subsidiary of Construction Group and Al Wataniya Group, two major players in Kuwait’s energy and infrastructure sectors, according to ZAWYA.
The partnership was formally introduced at a press conference held on July 1 at the Four Seasons Hotel, which also featured the signing ceremony marking the launch of the newly licensed legal entity XS Online in Kuwait.
Leadership endorsement and alignment with Kuwait Vision 2035
In his remarks, Sheikh Rakan Bader Mohammed Al-Sabah, Chairman of Construction Group and Al Wataniya Group, emphasized that the partnership fully aligns with Kuwait’s Vision 2035 — a national strategy aimed at achieving financial sustainability through the adoption of innovative technologies, including artificial intelligence. He described the launch of XS Kuwait as the brand’s largest regional rollout to date, paving the way for future expansion into other GCC capitals.
Mohamad Ibrahim, CEO of XS.com, noted that the company’s entry into Kuwait represents more than just market expansion — it signifies deep regional integration. He described the Kuwaiti market as dynamic and forward-looking, highlighting the importance of being close to clients and reacting quickly to market demands.
Future growth plans and regional impact
NVEST CEO Eng. Jamal Al-Sabah expressed confidence in the partnership, calling Kuwait an ideal platform for international brands thanks to its attractive financial infrastructure. He also announced plans to establish a robust regulatory foundation within XS Kuwait, promote fintech innovation, and build long-term investor trust.
The new XS.com office will serve as the company’s regional headquarters in the Middle East. With Kuwait’s fintech sector rapidly growing, this launch reflects XS.com’s long-term vision focused on supporting financial innovation, education, and transparency, while fostering sustainable partnerships tailored to the needs of GCC investors.
Previously, XS.com appointed Marcus Ng as Regional Director for the Asia-Pacific region as part of its ongoing expansion strategy.
