Picture used for illustrative purposes.

Gulf Today, Staff Reporter

MultiBank Group announces the relocation of its headquarters from Hong Kong to Dubai.

The Group celebrated new beginnings in the UAE with a spectacular evening gala dinner. Leaders and VIPs of the trading community enjoyed a grand evening of entertainment and networking event.

MultiBank Group since its inception in 2005 has evolved into the largest financial derivatives institution worldwide. In 2022, MultiBank Group now boasts a phenomenal daily trading volume in excess of $12.1 billion per day and provides services to an extensive client-base of over 1,000,000 customers from across over 100 countries over 5 continents worldwide.

Taher, the Chairman of MultiBank Group, said; “The MultiBank Group recently has been awarded in the second part of 2022, licenses issued by two of the most respected regulators worldwide, the Securities and Commodities Authority of the United Arab Emirates (SCA) and the Monetary Authority of Singapore (MAS).

Thus, the Board of Directors of the MultiBank Group, considering moving its Headquarters from Hong Kong, as a result of the prevailing circumstances, had a difficult choice between choosing Singapore or Dubai as its new Headquarters.”

“After lengthy deliberations, I am glad to say that the Board of Directors has approved unanimously the move to Dubai rather than Singapore. This is particularly so, in view of the positive and encouraging policy of the UAE Government in promoting Dubai as a major financial centre worldwide.”