FNG has learned that experienced industry executive Nidal Abdel Hadi has joined UAE based Retail FX and CFDs broker CMS Financial, as its new Chief Executive Officer (CEO).

He replaces longtime CMS Financial CEO Amarnath Rath in the role. Amarnath had been CEO of CMS Financial since 2014.

Nidal Abdel Hadi worked for the past six years at leading MENA region online broker CFI, serving as CEO of CFI Dubai from 2020 until leaving CFI last year. He had also previously worked at ADSS, Swissquote (and Swissquote predecessor company MIG Bank, owned by current CFI co-CEO Hisham Mansour), dating back to 2003.

CMS Financial is a UAE SCA Category One licensed broker, catering mainly to the Arabic language and MENA region markets. The group also operates offshore (Mauritius domiciled) CFDs brokerage brand CMS Prime. CMS is controlled by founder and director Majid Jalali.

Nidal posted the following note on social media regarding his new role at CMS Financial.

I’m excited to share that I’ve joined CMS Financial as Group Chief Executive Officer. With a legacy of over 21 years serving clients in the financial markets, CMS has earned a solid reputation for trust, transparency, and performance. I’m proud to lead a talented and highly motivated team, backed by a visionary board, as we drive the company into its next phase of growth, enhancing our regional and global footprint while continuing to deliver exceptional value to our clients. transparent trading solutions. Excited for what’s ahead!