Naga Adds UAE and Saudi Stocks Under ADGM Regulation

Naga Adds UAE and Saudi Stocks Under ADGM Regulation

Categories:
Tags:
Liquidity Finder logo picture.Liquidity Finder - Sam Low
|
Nov 27, 2024
|
|

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.

|
|

Comments

Latest

Loading Comments

Please Sign In or Create Your FREE Account to Comment.

LiquidityFinder

LiquidityFinder was created to take the friction out of the process of sourcing Business to Business (B2B) liquidity; to become the central reference point for liquidity in OTC electronic markets, and the means to access them. Our mission is to provide streamlined modern solutions and share valuable insight and knowledge that benefit our users.

If you would like to contribute to our website or wish to contact us, please click here or you can email us directly at press@liquidityfinder.com.