CFI Financial Group has launched a new office regulated by the Securities and Commodities Authority (SCA) in Dubai. This recent advancement arrived after the company secured a Category One license in the region last year, marking a significant step forward in its ongoing expansion throughout the Middle East and North Africa.

Nidal Abdel Hadi, the Chief Executive Officer of CFI Dubai, mentioned in a post on LinkedIn: "I am proud to announce the launch of our new SCA-licensed entity in the UAE. With a Category One license, we continue to uphold our commitment to providing safe and regulated access to the financial markets. This latest venture reinforces our dedication to standing alongside our UAE clients."

Unveiling our new SCA-licensed entity in the UAE. 🇦🇪
Awarded with a Category One license, CFI's latest venture reaffirms our commitment to offering safe, regulated access to the financial markets and remaining side by side with our UAE clients. 🚀 pic.twitter.com/cKYCGdlZPD

— CFI UAE (@cfi_dubai) January 12, 2024

CFI's Regulatory Milestone in Dubai

Last year, CFI Financial Group secured a Category One license from the SCA, marking a significant milestone as its second license in the country. This regulatory triumph propels CFI's ambitions for extensive growth in the Middle East and North Africa (MENA) region. The licensing followed CFI's sponsorship deal with Sheffield United, an English professional football club.

Additionally, CFI Group introduced CFI Oman in November, its fourth subsidiary launched in 2023. Beyond conventional market entries, CFI Oman aims to empower Omani traders with advanced technology, professional services, and highly competitive trading conditions.

This recent addition followed CFI Group's expansions into Egypt, Kuwait, and Palestine last year. CFI's portfolio includes twelve regulatory licenses, spreading across regions, such as the United Arab Emirates, Jordan, Lebanon, Egypt, the United Kingdom, Cyprus, and Mauritius.

CFI's Global Expansion

Hisham Mansour, CFI's Co-Founder and Managing Director, mentioned: "CFI's ongoing expansion exemplifies our dedication to empowering traders and investors on a global scale. We are delighted to introduce CFI Oman, marking yet another strategic milestone in our journey."

"The Omani market holds immense potential, and through CFI Oman, we aspire to provide Omani investors with access to global markets, advanced technology, professional services, and highly competitive trading conditions."

Besides the geographical expansion, CFI Financial Group is bolstering its leadership. In November, the firm promoted Karim Malas to the position of Group Chief Operating Officer and appointed Loay Azar as the Chief Executive Officer for the MENA region. Previously, Malas served as the Group's Chief Operating Officer.

Additionally, CFI Financial appointed Louis Bridger as the Head of Business Development this year. With a remarkable career of 17 years in the financial services industry, Bridger brings a wealth of experience from his roles at IG, ICE, Travelex, Wonga, and Betfair, Finance Magnates reported.