OneRoyal boosted its Middle East expansion with a new
registered office in Oman, signaling a deeper push into the Gulf region’s
competitive brokerage landscape.
The newly formed entity, One Royal International SPC,
is based in Muscat, Oman’s capital. CFI Financial is the only
major player holding such a license in the Sultanate.
“OneRoyal has now officially established a registered
office in Oman. We’re excited to announce the launch of One Royal International
SPC, our newly registered office in Muscat. This marks a major step in our MENA
growth journey.”
Tapping Into Gulf Clientele
With its relatively high per capita income and a
growing pool of affluent investors, Oman fits into a broader Gulf strategy that
brokers have increasingly pursued.
While the UAE, particularly Dubai, remains a regional
hub, neighboring markets, including Kuwait, Bahrain, Qatar, and Saudi Arabia, have
drawn rising attention from firms seeking expansion.
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This office launch reflects OneRoyal’s wider ambitions
in the MENA region, where competition among brokers is growing as financial
literacy increases and digital trading gains popularity.
More Companies Eye Oman
In 2023, CFI Group launched its newest subsidiary, CFI
Financial L.L.C. (CFI Oman), after obtaining a regulatory license from the
Capital Markets Authority.
CFI Oman was a fourth subsidiary launched by company as
of 2023, with previous expansions into Egypt, Kuwait, and Palestine. It also
added to the company’s portfolio of licenses and entities across regions such
as the United Arab Emirates, Jordan, Lebanon, Egypt, the United Kingdom,
Cyprus, Mauritius, and more.
Samer Amireh, the CEO of CFI Oman, mentioned: “We
are thrilled to lead CFI’s expansion into the dynamic Omani market. Our
objective is to provide Omani traders and investors with a world-class trading
experience, bolstered by CFI’s reputation for excellence and innovation. We are
dedicated to offering Omani traders advanced technology, exceptional services,
and highly competitive trading conditions.”
This article was written by Jared Kirui at www.financemagnates.com.
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