MultiBank Group, a financial derivatives institution based in Dubai, reported a strong financial performance for 2024. According to its latest audited financial statements, the company achieved a revenue of $361.87 million, an 18% increase from the previous year's $306.64 million.
“Global Expansion” Drives Daily Trading Volume to over $25.6 Billion
“Our exceptional financial results are a testament to our relentless pursuit of excellence, innovation, and client trust,” said Naser Taher, Founder and Chairman of MultiBank Group.
EBITDA grew by 24.5%, reaching $284.91 million, compared to $228.79 million in 2023. The group’s net income also rose by 16%, from $226.84 million to $264.05 million, reflecting continued operational efficiency.
“As we continue to expand globally, we remain committed to providing world-class financial solutions that empower traders and institutions worldwide. We look forward to building on this success in the years ahead,” Taher added.
The company manages a daily trading volume of over $25.6 billion and serves more than 2 million traders across 100 countries. It holds licenses from 17 financial regulators worldwide.
MultiBank Targets Underserved Markets with MEX Orient
As part of its global expansion strategy, MultiBank is focusing on underdeveloped markets often overlooked by FX/CFD brokers. To this end, the company has launched MEX Orient, a new unit aimed at addressing specific operational needs in emerging economies, as reported by Finance Magnates.
MEX Orient, led by Niki Saki—who has extensive experience in helping retail brokers grow their businesses—plans to expand into fourteen potential jurisdictions, including countries in Central Asia, the Middle East, and North Africa. With a combined population of 400 million, the unit has the potential to reach 1.8 billion people, including India.
