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CFI Financial Markets LLC ("CFI UAE"), the UAE division of CFI Financial Group, has announced a leadership change as Jareer Hiary assumes the position of CEO, succeeding Nidal Abdelhadi, who will now focus on personal ventures. This transition follows the significant milestone of launching CFI's SCA-regulated entity in UAE as a Category One licensed broker, the highest and most capitalized category within the SCA licensing regime.
Nidal Abdelhadi previously served as the CEO of the group's DIFC entity, Credit Financier Invest (DIFC) Limited, and recently led CFI Financial Markets LLC, a company regulated by UAE's Securities and Commodities Authority (SCA), which he played a key role in establishing. Reflecting on his tenure, Nidal commented, "Leading CFI in the UAE has been an enriching journey, marked by significant achievements. I am proud to have been part of such an innovative team. As I move on to pursue personal interests, I leave confident that CFI will continue to excel and innovate under new leadership."
Jareer Hiary, who joined the Jordanian division of the group in 2018, quickly progressed to Branch Manager and then Co-Head of Business Development. During his time in Jordan, he contributed significantly to the growth and success of the division, demonstrating his exceptional talent, industry knowledge, and business acumen. These qualities make him well-suited to lead CFI UAE into its next phase of growth in the United Arab Emirates.
Jareer Hiary, CFI UAE's new CEO, stated, "It is an honor to step up as CEO and lead the group's Emirati entity through its next phase of growth. Building on the solid foundation and recent achievements of Nidal, I look forward to steering our team towards further innovations and success."
Hisham Mansour, Co-founder and Managing Director of CFI Financial Group, also commented on the leadership transition: "We thank Nidal for all his efforts at CFI and for his years of valuable service. We wish him all the best in his next ventures. Looking forward, I am excited to welcome Jareer as he assumes his new role as CEO of our UAE subsidiary. His proven success and fresh perspectives are vital as we continue to expand and innovate in this dynamic financial landscape. The UAE is a key market for us and is pivotal for the region. I have full confidence in Jareer's leadership with his already proven track record."
As CFI UAE enters this new chapter, the company remains committed to excellence, innovation, and the UAE market, building upon its previous achievements and driving forward through innovation.
The formal appointment of Jareer Hiary as CEO is pending final regulatory approvals.
