NAGA Empowers Traders with UAE and Saudi Stock Markets
NAGA Group AG has expanded its reach in the Middle East. It has added stocks listed on the UAE and Saudi Arabian exchanges. This move enhances investment opportunities for traders by granting them direct access to two of the region’s major financial markets.
About the Expansion
NAGA is offering UAE and Saudi stocks under its Abu Dhabi license. This addition enables traders to buy and sell stocks listed on these exchanges directly. It broadens their investment options in the region. This development highlights NAGA’s commitment to making regional markets more accessible and user-friendly.
Merger with CAPEX.com
NAGA’s new offerings are part of its merger with CAPEX.com, a leading brokerage platform in the region. The merged entities now cater to a combined user base of approximately 1.5 million registered users. They have set ambitious growth targets. They aim to reach 5 million users by 2025 or 2026. This partnership is also projected to generate $250 million in revenue over the next three years while saving around $10 million annually.
Effects on Traders
This update will have these effects on users:
New Investment Opportunities
Traders and investors can now buy and sell stocks listed on the UAE and Saudi Arabian exchanges. These markets feature prominent local brands. It provides diversification opportunities and exposure to high-growth sectors in the Middle East.
Enhanced Portfolio Diversification
With access to regional stocks, investors can diversify their portfolios beyond traditional markets like the US or Europe. This move reduces dependency on single-market performance.
Direct Market Participation
NAGA’s platform allows traders to participate directly in two of the Middle East’s key financial markets. It eliminates the need for intermediaries.
Regional Market Growth Potential
The Middle East, particularly the UAE and Saudi Arabia, is seeing increasing demand for financial products. Investors can benefit from early exposure to these growing markets.
Regulated Platform
By operating under an Abu Dhabi license, NAGA ensures compliance with local regulations. It provides traders with a secure and reliable environment for trading Middle Eastern stocks.
About NAGA Group
NAGA Group is a fintech company renowned for its innovations in the financial technology sector. The company focuses on developing and providing social trading platforms. NAGA offers services like access to various financial markets, social trading features, and cryptocurrency trading. NAGA Group plans to expand its global footprint and enhance its technology offerings.
Summing Up
NAGA’s expansion into the Middle East will connect global investors with regional opportunities. This development enhances market accessibility, caters to growing demand, and positions NAGA as a key player in the region’s financial ecosystem.
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