NCM Investment has successfully secured a Category 1 license from the UAE Securities and Commodities Authority (SCA), marking a significant milestone in its expansion strategy across the Middle East. The license enables NCM Investment to launch regulated operations in the United Arab Emirates (UAE), tapping into the region’s growing financial market.

NCM Investment, which provides forex and CFDs online trading services to both retail and institutional investors, already operates regulated brokerage services in Kuwait, Jordan, Turkey, and Malaysia. The acquisition of a 51% majority stake by Eshraq Investments’ Goldilocks Fund in 2022 has further strengthened NCM’s position, aligning with Eshraq’s investment mandate focused on high-growth companies in the financial services and technology sectors.

Naser Al Marri, Co-Founder and Vice Chairman of NCM Investment, emphasized that the UAE license supports the company’s commitment to fostering an environment of trust and transparency while expanding its range of investment opportunities. With over 200 employees across seven international offices, NCM Investment aims to diversify its services into new markets with substantial growth potential.

NCM Investment Expands MENA Operations with Category 1 License Secured!

Khurram Sayeed, CEO of NCM Investment, highlighted the significance of the Category 1 license as a recognition of the company’s strong track record and accomplishments. He noted that the achievement follows years of developing new trading products, and NCM remains focused on diversifying into markets with significant growth prospects.

The UAE, particularly Dubai, has emerged as a hub for financial and cryptocurrency firms, attracting attention from companies globally. Regulatory initiatives in the virtual asset industry have positioned the UAE as a leader in this realm. Alex Chehade, Binance FZE’s executive director and general manager in Dubai, expressed the company’s commitment to collaborating with regulators and policymakers in the MENA region to ensure secure operations, user protection, and market integrity.

The trend of financial firms establishing a presence in the UAE continues, with companies such as FxPro relocating their main headquarters to Dubai in 2023 following the establishment of their Dubai office. This movement reflects the favorable regulatory environment for both traditional finance and cryptocurrencies in the region.

The UAE’s proactive approach to virtual asset regulation has also drawn the attention of major players like Binance, which has intensified its focus on the local cryptocurrency market.

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