Admirals Appoints Sami Hamed as New CEO of Its Branch in Jordan

Sami Hamed has been appointed as the new Chief Executive Officer at Admiral Markets Jordan. The news was known via an update on LinkedIn.

Prior to his new role at Admirals, the executive worked as Chief Executive Officer at Noor Al Mal in Jordan for almost three years. In addition, Hamed was the General Manager for over five years at Golden Royal Index in the United Arab Emirates.

Between 2008 and 2011, he was the General Manager of Winsor FX in Jordan, and prior to that, he worked for almost four years as Business Partner and Customer Service Manager at One Word Broker. Moreover, between 1994 and 1999, Ahmed served as Customer Service Officer and Teller Officer at The Housing Bank for Trade & Finance.

He holds a Bachelor’s degree in Economics as his Major, with a minor in Financial Bankin as a Minor, and a Master’s degree in Economics. There is no word from Sami Hamed as of press time regarding his appointment as CEO of Admiral Markets Jordan.

Admirals Saw 43% Decline in 2021 Revenue

Early this month, Admirals Group AS (formerly Admiral Markets Group), which operates FX and CFDs broker brand Admirals, reported a 43% decline in its annual revenue for 2021 as the impact of the Covid-induced market volatility vanished.

The group company generated €35.7 million as net trading income or revenue in 2021, which is down from the previous year’s record of €62.2 million. Out of the total 2021 revenue, €18.4 million came in the first half of the year, while the rest of the amount, €17.3 million, arrived in the second half.

With EBITDA shrinking 96% to €1 million, the total net profit came in at €0.1 million, which is down from €20.7 million in the prior year. The net profit per share of the company shrank 8.2% to 0.1%.