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Screenshot of a breaking news alert e-mail from Q2 2017
LeapRate Exclusive… Following our previous exclusive report back in November that FCA regulated retail Forex and CFDs broker ActivTrades was opening a new Dubai office, LeapRate has learned that ActivTrades has hired former Noor Capital, GKFX and Henyep Markets marketing executive Mohamad (Saleh) Al-Asfari to head the office.
Mohamad Al-Asfari was Marketing Manager for the past year at Arab market focused Noor Capital. He had spent the four previous years in a similar role for the MENA region at GKFX, after beginning his Forex career in 2010 at Henyep Markets.
In addition to Mr. Al-Asfari, Mohammed El Houessin has joined the ActivTrades Dubai office as Sales Executive, after a career at Amana Capital and Henyep Markets.
Activtrades is launching its new branch in the UAE in order to meet rising demand for its services in the Middle East region.
The new ActivTrades Dubai office will be open to the public in Dubai’s International Financial Centre (DIFC) from next Wednesday March 1. It is located on the 17th floor of the world-renowned Emirates Financial Towers, from which ActivTrades will service clients in the United Arab Emirates and surrounding countries. ActivTrades is
also regulated by the Dubai Financial Services Authority under Firm’s reference No. F003511.
Mr. Al-Asfari and Mr. Houessin will report into London-based Ricardo Evangelista, Head of the Middle East Desk at ActivTrades, who will be formally listed as the head of the Dubai office.
Alex Pusco, founder and CEO of ActivTrades, said of the new MENA office:
The number of clients from the Middle East has increased over recent years and Dubai is fast becoming a business hub of the world.
Our new office will bring us closer to our clients and allow us to explore some of the many opportunities the United Arab Emirates and the Middle East have to offer. Naturally, Traders are welcome to visit the office and can contact their assigned client representatives for more information.
ActivTrades had a very strong 2015 fiscal year, the last period for which the company has reported results, with Revenues up 27% to £31.4 million and Net Profit more than doubling to £9.6 million. We understand that ActivTrades saw more than 70% of its Revenues from Europe (mainly the UK), and that the company would like to grow its business elsewhere including in the MENA region.