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Multi-asset trading platform Naga has expanded its offering to include UAE and Saudi Arabian stocks under its Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority licence, as the company strengthens its presence in Middle Eastern markets following its merger with CAPEX.com.
The newly added instruments include shares of major regional corporations such as Emirates Telecom, First Abu Dhabi Bank, Saudi Arabian Mining, and Riyad Bank. The expansion comes as part of the company's broader growth strategy following its merger with CAPEX.com, which created a combined user base of 1.5 million traders globally.
The platform is offering commission-free stock trading and copy trading services to mark the launch, while also announcing former heavyweight boxing champion Mike Tyson as its brand ambassador.
Naga's copy trading feature, Autocopy, allows users to mirror the trades of other investors on the platform, with customisable investment amounts and risk management tools.
The addition of Middle Eastern stocks comes amid growing international investor interest in Gulf markets, particularly following Saudi Arabia's inclusion in major emerging market indices and the UAE's push to boost its capital markets through new listings and increased foreign investment allowances. The ADGM, established in 2015, competes with the Dubai International Financial Centre (DIFC) as a financial hub in the UAE.
