Global broker MultiBank Group is setting up a new
office in Abu Dhabi, adding to its growing presence in the Middle East. The move places the firm in the UAE’s capital city,
where it aims to strengthen relationships with clients and provide more direct
market support.
Building a Capital City Presence
The Abu Dhabi office is designed to serve both retail
and institutional customers, the company said in a Tuesday announcement, adding that it will support faster
onboarding, offer dedicated relationship management, and provide local
assistance. By situating itself in the capital, MultiBank Group
seeks to bring services closer to its UAE client base.
Expanding Offerings
In February, MultiBank Group introduced Contracts for
Difference (CFDs) on shares listed on the Dubai Financial Market (DFM) and Abu
Dhabi Securities Exchange (ADX) across its mobile app and MetaTrader 5
platform. The firm said the rollout is designed to broaden global investor
access to the UAE’s fast-growing financial markets.
The new product enables clients to trade UAE-listed equities
through CFDs, supporting all account types, including Standard, Pro, and ECN.
By consolidating forex, commodities, indices, cryptocurrencies, and now UAE
stock CFDs under one platform, MultiBank Group aims to simplify portfolio
diversification and remove the need for multiple trading accounts.
The launch comes amid strong momentum in the UAE’s capital
markets. DFM and ADX added AED 257 billion in value by the close of 2024,
reflecting rising investor demand. MultiBank Group said it expects the new CFDs
to provide international traders with greater exposure to the region as the UAE
consolidates its position as a leading financial hub.
Expect ongoing updates as this story evolves.
This article was written by Jared Kirui at www.financemagnates.com.
