United Arab
Emirates-based Noor Capital, an investment firm and financial services
provider, has announced its acquisition of 100% of House of Borse (HOB) shares,
a multi-asset
Multi-Asset
Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically
Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically
Read this Term financial brokerage in the United Kingdom, overseen by the
Financial Conduct Authority (FCA). This move comes as part of Noor Capital's
strategy to expand its presence in Europe and the UK, increasing its customer
base and implementing a growth plan that includes launching a variety of
investment tools.
House of Borse Fully
Acquired by Noor Capital
House of
Borse has experienced rapid growth and expansion, launching new products and
increasing its revenues by over 71% in 2022. The company has become a leader in
providing financial market trading services on a single multi-asset platform,
attracting clients from both institutional and retail sectors.
The news
comes less than two weeks after Noor Capital revealed in its regulatory filing
that it had acquired a 75 percent stake in House of Borse. An additional press
note published on Monday shows that the Middle East-based financial services
provider has made a 100% acquisition
Acquisition
Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There
Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There
Read this Term of the brokerage company, which
has been providing services to professional clients continuously since 2016.
Dr
Muhammad Al-Fadil Al-Qahtani, the entrepreneur who founded HOB and serves as
its Chairman, expressed that this acquisition represents a new trend in which
Gulf companies are pursuing global horizons, in contrast to the traditional
pattern of European and American firms acquiring Middle Eastern companies.
"We,
at House of Borse, are proud of being the first to launch US stock trading
directly with the New York Stock Exchange and Nasdaq on the MetaTrader 5 platform,
along with other products such as cryptocurrencies, commodities, metals, and
energy with one account. The company also developed advanced internal
technology like the CRM, customer area, agents and account managers. In
addition, the company offers Mastercard cards to all its customers," Al-Qahtani
added.
Wahb Ahmed,
the CEO of House of Borse, highlighted the regional presence and diverse
experiences of Noor Capital as crucial for enhancing trading services and
products at HOB. The partnership will enable integration between the two
companies, uniting their efforts across the UK and the Middle East.
"This
deal comes as an important step to support the investment potential of the two
companies and achieve their goals through access to a cross-continent and
UK-targeting multi-asset platform in the financial services sector," Ahmed
commented.
According
to Mohamed Ghosheh, the CEO of Noor Capital, the acquisition of House of Borse
aligns with the company's vision to expand in the European and UK markets,
which are considered among the most important worldwide. Ghosheh believes the
acquisition will add value to the group and provide an opportunity for
integration between the companies' capital market services.
Noor
Capital, headquartered in Abu Dhabi, manages numerous assets through funds and
investment tools. The company plans to extend its multi-asset capital markets
platform to the European Union, expand its client offerings, and launch US
equity trading services. House of Borse's extensive regional presence and diverse
experiences make it an optimal choice to enhance trading services and products
for the company.
UAE’s “Noor Capital” Acquires UK Broker “House of Borse”
• “House” provides its proprietary trading platform for stock trading.
• The acquisition allows it to expand into the UK.
The future of finance is all about tech-savvy moves!#TechSavvy #NoorCapital #HouseOfBorse pic.twitter.com/3k1XAn7UUq
— moneydubai (@MoneyDubai_ae) March 23, 2023
Top Executives from Noor
Capital Join House of Borse Leadership Team
House of
Borse's filings with UK Companies House which were seen by Finance Magnates revealed that
Noor Capital's Mohammad Ghousheh and Muhammad Al Zou'bi have been appointed as
Directors at the House of Borse.
A month
earlier, S. Mohammed Jabri left the company to join TradeUltra, a forex and CFD
broker regulated in Malaysia by the Labuan Financial Services Authority (LFSA),
as its Chief Executive Officer. In Noor Capital, he was responsible for managing
the sales team.
House of
Borse has reported solid performance metrics of its business for the financial
year 2022, ending on July 31. The firm's annual revenue experienced a 71%
increase to £1.02 million, marking the second consecutive year of notable
revenue growth.
United Arab
Emirates-based Noor Capital, an investment firm and financial services
provider, has announced its acquisition of 100% of House of Borse (HOB) shares,
a multi-asset
Multi-Asset
Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically
Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically
Read this Term financial brokerage in the United Kingdom, overseen by the
Financial Conduct Authority (FCA). This move comes as part of Noor Capital's
strategy to expand its presence in Europe and the UK, increasing its customer
base and implementing a growth plan that includes launching a variety of
investment tools.
House of Borse Fully
Acquired by Noor Capital
House of
Borse has experienced rapid growth and expansion, launching new products and
increasing its revenues by over 71% in 2022. The company has become a leader in
providing financial market trading services on a single multi-asset platform,
attracting clients from both institutional and retail sectors.
The news
comes less than two weeks after Noor Capital revealed in its regulatory filing
that it had acquired a 75 percent stake in House of Borse. An additional press
note published on Monday shows that the Middle East-based financial services
provider has made a 100% acquisition
Acquisition
Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There
Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There
Read this Term of the brokerage company, which
has been providing services to professional clients continuously since 2016.
Dr
Muhammad Al-Fadil Al-Qahtani, the entrepreneur who founded HOB and serves as
its Chairman, expressed that this acquisition represents a new trend in which
Gulf companies are pursuing global horizons, in contrast to the traditional
pattern of European and American firms acquiring Middle Eastern companies.
"We,
at House of Borse, are proud of being the first to launch US stock trading
directly with the New York Stock Exchange and Nasdaq on the MetaTrader 5 platform,
along with other products such as cryptocurrencies, commodities, metals, and
energy with one account. The company also developed advanced internal
technology like the CRM, customer area, agents and account managers. In
addition, the company offers Mastercard cards to all its customers," Al-Qahtani
added.
Wahb Ahmed,
the CEO of House of Borse, highlighted the regional presence and diverse
experiences of Noor Capital as crucial for enhancing trading services and
products at HOB. The partnership will enable integration between the two
companies, uniting their efforts across the UK and the Middle East.
"This
deal comes as an important step to support the investment potential of the two
companies and achieve their goals through access to a cross-continent and
UK-targeting multi-asset platform in the financial services sector," Ahmed
commented.
According
to Mohamed Ghosheh, the CEO of Noor Capital, the acquisition of House of Borse
aligns with the company's vision to expand in the European and UK markets,
which are considered among the most important worldwide. Ghosheh believes the
acquisition will add value to the group and provide an opportunity for
integration between the companies' capital market services.
Noor
Capital, headquartered in Abu Dhabi, manages numerous assets through funds and
investment tools. The company plans to extend its multi-asset capital markets
platform to the European Union, expand its client offerings, and launch US
equity trading services. House of Borse's extensive regional presence and diverse
experiences make it an optimal choice to enhance trading services and products
for the company.
UAE’s “Noor Capital” Acquires UK Broker “House of Borse”
• “House” provides its proprietary trading platform for stock trading.
• The acquisition allows it to expand into the UK.
The future of finance is all about tech-savvy moves!#TechSavvy #NoorCapital #HouseOfBorse pic.twitter.com/3k1XAn7UUq
— moneydubai (@MoneyDubai_ae) March 23, 2023
Top Executives from Noor
Capital Join House of Borse Leadership Team
House of
Borse's filings with UK Companies House which were seen by Finance Magnates revealed that
Noor Capital's Mohammad Ghousheh and Muhammad Al Zou'bi have been appointed as
Directors at the House of Borse.
A month
earlier, S. Mohammed Jabri left the company to join TradeUltra, a forex and CFD
broker regulated in Malaysia by the Labuan Financial Services Authority (LFSA),
as its Chief Executive Officer. In Noor Capital, he was responsible for managing
the sales team.
House of
Borse has reported solid performance metrics of its business for the financial
year 2022, ending on July 31. The firm's annual revenue experienced a 71%
increase to £1.02 million, marking the second consecutive year of notable
revenue growth.
