Al-Qahtani added that this deal represents a defining moment, since European and American companies previously invaded Middle Eastern companies, but today the exact opposite is happening following Gulf companies have become transcontinental with global horizons and ambitions.
He pointed out that his company is proud of being the first to launch direct US stock trading with the New York Stock Exchange and NASDAQ on the advanced MetaTrader 5 platform that supports automated trading and the use of artificial intelligence. This is in addition to other financial products such as cryptocurrencies, commodities, metals and energy in one account. The company has also developed advanced technology that it relies on internally.
He noted that Noor Capital is an ideal choice to enhance the activity of trading services and products at the House of Stock Exchange, especially in view of its wide regional presence and diverse expertise, and this acquisition means a significant continuation of construction and helps to innovate advanced products that our customers value highly.
It is noteworthy that the HOUSE OF BÖRSE company was founded by entrepreneur and investor Mohammed Al-Fadil, as the company operates under the license of the Financial Conduct Authority (FCA) of the British Central Bank and is headquartered in London.
In a short period of time, the company achieved a quantum leap in terms of growth, expansion and launch of innovative financial products, following its revenue growth in 2022 reached 71%.
Noor Capital, the leading investment group in providing financial services in the United Arab Emirates and the Middle East, which was established in 2005 and is licensed and subject to the supervision and control of the Securities and Commodities Authority in the United Arab Emirates, announced on the ninth of March the completion of its acquisition of 100% of the shares of the British “House of Stock Exchange” company.
The move came on the part of Noor Capital as part of its efforts to expand its presence in Europe and the United Kingdom. The acquisition will give it the opportunity to expand its business into the UK along with the prestige of having an FCA authorized brand associated with its name.
From its headquarters in the UAE, Noor Capital serves corporate and institutional clients as well as family businesses and high-net-worth individuals. It specializes in banking and investment asset management, capital markets services, financial brokerage and credit financing, and currently manages a large number of assets from Through a group of funds and investment tools.
