CFI Financial Group recently announced its acquisition of a Category One license from the UAE's Securities and Commodities Authority (SCA), marking its second license in the country. The Group's has regulatory presence in various jurisdictions, including the United Kingdom, Cyprus, Lebanon, Jordan, Egypt, Palestine, Oman, Mauritius, and others.

CFI’s Presence with Additional License in the Middle East

Expressing his views on this, Hisham Mansour, Co-Founder and Managing Director of CFI, emphasized the implication of obtaining the SCA license. He highlighted that the Category One license, with its elevated paid-up capital requirements, underscores CFI’s aim to provide secure and regulated access to financial markets.

Mansour noted: "This marks our fifth entity launch this year, following our expansions into Egypt, Kuwait, Palestine, and Oman."

The SCA license, granted in the same country as CFI's Dubai headquarters, holds value for the Group, positioning it strategically to serve its client base in the Middle East and facilitating further growth in the wider MENA region.

Nidal Abdel Hadi, CEO of CFI Dubai’s SCA licensed entity, emphasized the significance of regional oversight from one of the UAE’s financial regulators. He stated: "The UAE is our home. Our aim is to leverage the region's stability and extensive growth to provide the best in terms of our products, platforms, trading tools, and client service."

European Football Presence with Sheffield United Sponsorship

Finance Magnates reported earlier that CFI had expanded its involvement in European football by securing an initial one-year sponsorship agreement with the English football club Sheffield United. The Dubai-based firm, which enlisted the current Manchester City coach Josep ‘Pep’ Guardiola as its Global Brand Ambassador last year, revealed the new partnership back in April this year.

As per the arrangement, CFI will serve as the club's front-of-shirt sponsor or Principal and Official Financial Trading Partner for the upcoming Premier League 2023/2024 seasons.

Under the terms of the deal, Sheffield United, affectionately known as the Blades, would don CFI-branded shirts during their final pre-season fixture scheduled against VfB Stuttgart, a football club competing in Germany’s Bundesliga. Mansour expressed enthusiasm about the agreement: "Sheffield United and the Premier League offer worldwide exposure for our business, and that is something we are very keen to embrace."