Retail FX and CFDs broker MultiBank Group has announced that it has relocated its global headquarters from Hong Kong, to Dubai.

Naser Taher, Chairman of MultiBank Group stated:

“MultiBank Group has been recently awarded additional licenses issued by two of the most respected regulators worldwide, the Securities and Commodities Authority of the United Arab Emirates (“SCA”) and the Monetary Authority of Singapore (“MAS”). The Board of Directors had a difficult choice between deciding whether to move to Singapore or Dubai as its new Headquarters. After lengthy deliberations, I am glad to say that they approved unanimously the move to Dubai in view of the positive and encouraging policy of the UAE Government in promoting Dubai as a global major financial centre.

We are very proud that MultiBank Group has moved to Dubai with an impeccable record with its global regulators, bringing the world’s largest financial derivatives institution to consolidate its position in the UAE.”

MultiBank Group operates a series of onshore and offshore brokerage units domiciled/licensed in Australia, Germany, Cayman Islands, UAE, British Virgin Islands, Austria, Singapore, and Vanuatu.