MultiBank Group Moves Its Headquarter to Dubai from Hong Kong

Fazzaco learned that FX and CFD broker MultiBank Group will move its headquarters to Dubai from Hong Kong, according to its Chairman Sam Naser Taher.

The decision follows the company's subsidiaries have been awarded coveted licenses​ issued by the Securities and Commodities Authority of the United Arab Emirates (SCA) and the Monetary Authority of Singapore (MAS).

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Dubai was selected for its infrastructure, accessibility, and its strategic location as a gateway to other markets in the MEA region, according to the company.

Mr. Taher pointed out that "The Board of Directors had a difficult choice between deciding whether to move to Singapore or Dubai as its new Headquarters. After lengthy deliberations, I am glad to say that they approved unanimously the move to Dubai in view of the positive and encouraging policy of the UAE Government in promoting Dubai as a global major financial centre."