Retail FX and CFDs broker XS.com has taken futher steps to enhance its presence in the MENA region, announcing that it has officially launched its brand in Kuwait with the opening of its first office in Kuwait City. This milestone was achieved in strategic partnership with NVEST, a subsidiary of Construction Group and Al Wataniya Group, both key players in the energy, real estate, and infrastructure sectors. The partnership is represented by Chairman Sheikh Rakan Badr Muhammad Al-Sabah, CEO Eng. Jamal Al-Sabah, and CEO Eng. Tamer Al-Natour.

The company said that this strategic move is a major milestone for XS.com, granting the global multi-asset broker a newly licensed entity in Kuwait under the name “XS Online”.

Mohamad Ibrahim, Group CEO of XS.com, stated:

“This partnership goes beyond an office opening; it’s a strategic initiative aimed at deepening our engagement with the Arab region. The Kuwaiti market is vibrant, dynamic, and forward-looking. Our presence here enables us to stay closer to our clients, respond more quickly to market needs, and strengthen our brand across the GCC.”

The XS.com office in Kuwait will serve as a key hub for customer support and market development, reinforcing the group’s presence across the GCC.

With the growth of fintech in Kuwait and increasing demand for advanced financial services, XS.com stated that this expansion reflects its long-term commitment to building strong local partnerships and providing tailored experiences for regional investors and traders.

About XS.com

Originally established in Australia in 2010, XS.com is now headquartered in both Cyprus and the UAE. XS.com and its subsidiaries hold licensed in a variety of jurisdictions including Australia, Cyprus, South Africa, Malaysia, and Seychelles. The company is run by Dubai based CEO Mohamad Ibrahim.