Global fintech firm XS.com has officially launched operations in Kuwait through a strategic partnership with NVEST, a subsidiary of Construction Group and Al Wataniya Group.
XS.com Partners with NVEST, Opens New Office in Kuwait
The move marks an expansion of XS.com’s footprint in the Gulf region, with a new office in Kuwait City and the broker licensed under the name “XS Online” in the country.
The partnership was unveiled at a press conference on July 1l, attended by members of the Al-Sabah family, business leaders, and media representatives.
Sheikh Rakan Bader Mohammed Al-Sabah, Chairman of Construction Group and Al Wataniya Group, hailed the launch as a milestone in developing Kuwait’s financial investment sector.
“Achieving financial sustainability through modern technologies, such as artificial intelligence, is one of the core pillars of the New Kuwait 2035 vision,” he said.
XS.com Group CEO Mohamad Ibrahim called the partnership “a strategic initiative aimed at deepening our engagement with the Arab region,” adding that the Kuwaiti market is “vibrant, dynamic, and forward-looking.”
NVEST CEO Eng. Jamal Al-Sabah noted that Kuwait offers an ideal environment for fintech growth and said the new venture would focus on strong regulatory standards and fostering investor confidence.
XS.com’s Kuwait office is expected to serve as a regional hub, advancing the firm’s commitment to building local partnerships and supporting the growing demand for advanced financial services across the GCC.
