CFI Jordan raises $4M in capital ahead of planned expansion

CFI Jordan Raises Capital

Credit Financial Invest for Financial Brokerage (CFI Jordan) has announced today it has raised its capital by over 56% to JOD 2.78 million (about USD $4 million).

This step comes after obtaining the required approvals and the injection of the additional capital from CFI Financial Group Holding, the entity that holds different firms in the renowned CFI Group, one of the leaders in providing online trading services.

It also follows a successful start of the company in Jordan and its ability within a short period of time to attract a substantial number of clients interested in trading FX as well as local and international markets.

Eduardo Fakhoury Hisham Mansour CFI

Eduardo Fakhoury and Hisham Mansour

Managing Directors and Founders of CFI Financial Group Holding, Mr. Hisham Mansour and Mr. Eduardo Fakhoury said:

We have taken this step after the remarkable success of CFI Jordan following the launch of its activities. It also comes as the company prepares itself for further expansion and to obtain additional licenses particularly for offering leveraged trading services on local stocks traded on the Amman Stock Exchange. Finally, it shows our firm commitment to the Jordanian market and the confidence we have in the team and management of CFI Jordan.

It is also to be mentioned that CFI Group has offices and regulated entities in Dubai, Larnaca and Beirut and will soon open an office in London besides its offices in Amman.

Read Also: