- Capital.com secures Cat 1 license by SCA in the UAE, expanding its presence in the Middle East and North Africa (MENA) region.
London-based retail FX and CFDs broker Capital.com has strengthened its presence in the Middle East and North Africa (MENA) region by obtaining a Category 1 license from the United Arab Emirates’ Securities and Commodities Authority (SCA).
The news was announced by Capital.com’s MENA CEO, Tarik Chebib, in a LinkedIn post. Chebib highlighted the move as a reflection of the company’s strategic focus on expanding its reach within the MENA region.
He expressed gratitude to commercial law firm Al Tamimi & Company for their assistance in securing the UAE license and outlined plans to bolster staffing and operational capacity, leveraging newly expanded office space in the Emirates.