CFI Financial Group announced the opening of a subsidiary in Dubai, licensed by the Securities and Commodities Authority (SCA), further strengthening the Group's influence in the MENA region.
This information was published on CFI Financial Group's X (Twitter) page.
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The opening of CFI's new SCA licensed unit was also confirmed by Nidal Abdelhadi, CEO of CFI Dubai.
"With a Category One license, we continue to deliver on our commitment to provide safe and regulated access to the financial markets. This latest venture reinforces our commitment to supporting our clients in the UAE," he wrote in a post on LinkedIn.
The 2023 Category One license from the SCA is CFI's second license in the United Arab Emirates and demonstrates the broker's commitment to expanding its presence in the Middle East and North Africa.
The expansion into the MENA region is also confirmed by the recent opening of CFI Oman. With the launch of CFI Oman in 2023, local traders will have access to advanced analytics technology, professional services, and highly competitive trading conditions.
It is worth noting that CFI Financial Group now holds twelve regulatory licenses in regions such as the United Arab Emirates, Jordan, Lebanon, Egypt, the United Kingdom, Cyprus, and Mauritius.
In addition to geographic expansion, CFI is also focused on strengthening its team. In November, Karim Malas was appointed group Chief Operating Officer and Loay Azar was confirmed as General Manager for the MENA region.
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