XTB starts offering stocks in the MENA region
Until now, XTB’s offer in the MENA market was based on CFDs.
Until now, XTB’s offer in the MENA market was based on CFDs.
The share sale takes Jakub Zablocki’s ownership stake in XTB down to 61.02%, from 66.99% before the sale.
Following the sale, Jakub Zablocki’s XX ZW Investment Group will continue to hold 71.63 million XTB shares, worth about $675 million.
XTB shares closed Thursday at zł 39.94 – a new all-time closing high – giving XTB a market capitalization of USD $1.13 billion.
XTB’s trading volumes in Q1 2023 averaged $199 billion monthly, up slightly from the $188 billion that XTB averaged in 2022.
XTB had its best-ever year in 2022 with Revenues of PLN 1,444 million ($328 million) and Net Profit of PLN 765 million ($174 million).
However overall, XTB had its most successful and profitable year ever in 2022.
At PLN 26.02 per share, XTB now has a market cap of $645 million.
Driving the growth in financial success was another strong quarter of client CFD trading volumes at XTB, $180 billion monthly during Q3-2022.
The new campaign is a continuation of XTB’s marketing strategy with the use of well-known figures as a global brand ambassador.