FNG Exclusive… FNG has learned that MENA region focused CFDs broker Amana, and its operator, Dubai based fintech holding company 180 Capital, have sold the group’s FCA licensed operation in the UK, Amana Financial Services UK Limited.

Amana UK sale

Amana UK has been acquired by 11:FS Holdings, a partnership between 11:FS Group CEO, David Brear and Blackshield Capital founder, Max Koretskiy. Amana UK is in process of changing its name and brand to Kinsworth Investments Ltd, with plans to expand brokerage operations across CFDs as well as cash equities and fixed income products.

Reasons for selling

We understand that Amana’s decision to sell came as the company has been hyper focused on MENA. Amana’s Cypriot entity covers any EU optional expansion into the future, and the UK entity wasn’t really needed any longer. The sale helps Amana consolidate its entities, and allows the group to focus admin resources more into the MENA region. Amana is based in Dubai, led by CEO Muhammad Rasoul.

Kinsworth Investments hires

The new Kinsworth Investments has already brought on board a number of experienced FX and CFDs industry executives to run the operation, including:

• 

  Richard Craddock, CEO. Richard was previously CEO of ATFX UK. He also served as Chief Trader at MF Global for more than a decade, and worked as COO at Fixi plc.

• Andy Cottrill, COO. Andy was most recently COO and Executive Director at institutional broker XPrime Markets. He has also previously worked at Taurex, Finalto, One Financial Markets, and CMC Markets.
• Jamie Campbell, Executive Director. Jamie comes to 11:FS / Kinsworth from outside “the industry”. He previously founded and ran UK rental property fintech Fronted, which was shut down in 2023. He joined 11:FS as Head of VC in 2024.