As SHUAA maintained its growth trajectory, in September 2018, it forged ahead with further expansion having added ‘Online Forex and Commodities Trading’ as a new business line to its diversified suite of client services. The Group recently completed the acquisition of Amwal International Investment Company, a Borsa Kuwait listed investment firm, which has majority ownership of Kuwait-based ‘Noor Capital Markets’, a well-established regional online forex and commodities trading platform.
Noor has developed into the leading homegrown business of its kind in the Middle East region since its inception in 2009. Its online trading platform offers clients the opportunity to trade forex, commodities and CFDs (Contracts For Difference), precious metals, and related instant instruments with ease, and is highly regarded for its best in class service offering and quality execution services. Noor is currently present in Kuwait, Turkey and Jordan with plans to expand into new markets.
Noor Capital Markets is recognized by its peers as a leader its industry having won multiple awards for its exceptional client services including the ‘Most Trusted Broker’ (2015 JFEX), ‘Best Forex News & Analyst’(2014), ‘Fastest Growing Broker’ 8th Saudi ME (2015) amongst others.
The acquisition of Amwal, and in-turn of Noor Capital Markets, aligns perfectly with SHUAA’s vision of delivering long-term shareholder value, as with the prospects of meaningful synergies between SHUAA’s existing capital markets business and Noor.
Noor Capital Markets is licensed and regulated by the Capital Market Authority, Kuwait (License: AP/2017.0009).