OneRoyal boosted its Middle East expansion with a new registered office in Oman, signaling a deeper push into the Gulf region’s competitive brokerage landscape.

The newly formed entity, One Royal International SPC, is based in Muscat, Oman’s capital. CFI Financial is the only major player holding such a license in the Sultanate.

“OneRoyal has now officially established a registered office in Oman. We’re excited to announce the launch of One Royal International SPC, our newly registered office in Muscat. This marks a major step in our MENA growth journey.”

Tapping Into Gulf Clientele

With its relatively high per capita income and a growing pool of affluent investors, Oman fits into a broader Gulf strategy that brokers have increasingly pursued.

While the UAE, particularly Dubai, remains a regional hub, neighboring markets, including Kuwait, Bahrain, Qatar, and Saudi Arabia, have drawn rising attention from firms seeking expansion.

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This office launch reflects OneRoyal’s wider ambitions in the MENA region, where competition among brokers is growing as financial literacy increases and digital trading gains popularity.

More Companies Eye Oman

In 2023, CFI Group launched its newest subsidiary, CFI Financial L.L.C. (CFI Oman), after obtaining a regulatory license from the Capital Markets Authority.

CFI Oman was a fourth subsidiary launched by company as of 2023, with previous expansions into Egypt, Kuwait, and Palestine. It also added to the company’s portfolio of licenses and entities across regions such as the United Arab Emirates, Jordan, Lebanon, Egypt, the United Kingdom, Cyprus, Mauritius, and more.

Samer Amireh, the CEO of CFI Oman, mentioned: “We are thrilled to lead CFI’s expansion into the dynamic Omani market. Our objective is to provide Omani traders and investors with a world-class trading experience, bolstered by CFI’s reputation for excellence and innovation. We are dedicated to offering Omani traders advanced technology, exceptional services, and highly competitive trading conditions.”

This article was written by Jared Kirui at www.financemagnates.com.Retail FXRead More

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