NCM Investment secures SCA Category 1 license in the UAE

NCM Investment secures SCA Category 1 license in the UAE

- SCA Category 1 License grows and cements NCM’s presence in regulated jurisdictions across the Middle East

- NCM remains committed to delivering innovative, safe and transparent digital trading solutions

- Regional expansion is aligned with the investment objectives of majority shareholder Eshraq Investments’ Goldilocks Fund, which acquired a 51% stake in 2022

Kuwait, Middle East: NCM Investment Company KSCC “NCM” an award winning broker and prominent player in the Middle East’s online trading industry, is proud to announce that it has been granted a Category 1 license from the UAE Securities and Commodities Authority “SCA”.

The granting of a Category 1 license represents a significant milestone and major step forward for NCM, demonstrating the Group’s unwavering commitment to delivering exceptional services to its clients and solidifying its leadership position in the Middle East.

NCM is a key holding of Eshraq Investments’ Goldilocks Fund, which acquired a 51% majority stake in 2022. The granting of the SCA Category 1 license is directly supportive of Eshraq’s philosophy of investing in highly attractive and innovative regional assets that demonstrate compelling growth potential, with the Goldilocks Fund’s mandate to invest in undervalued companies that it believes are intrinsically mispriced, and will generate competitive and consistent long-term returns -