XTB Strengthens Regional Reach with New Dubai Office

XTB strengthens its Middle East presence with a new Dubai office, enhancing investment services and market accessibility.

Key Points:

• XTB has opened a new office in Dubai’s One Central at the Dubai World Trade Centre, expanding its regional presence.
• The broker secured an SCA licence and renewed its DFSA licence, strengthening services for retail and institutional investors.

XTB (WSE:XTB) has reinforced its footprint in the Middle East by opening a new office in Dubai. The new location at One Central (Offices 5) in the Dubai World Trade Centre enhances the broker’s ability to serve its growing client base in the region.

XTB Strengthens Regional Reach with New Dubai Office

The latest expansion follows XTB’s acquisition of a license from the UAE’s Securities and Commodities Authority (SCA) a few months ago. Additionally, the broker recently renewed its Dubai Financial Services Authority (DFSA) license, which has allowed it to operate in the country since July 2021.

Achraf Drid, Managing Director at XTB MENA, emphasized the significance of the UAE market for the company. “The UAE is a key market for us; this is why securing compliance with both the SCA and DFSA is crucial in allowing us to offer even greater security, transparency, and investment opportunities to our clients,” Drid stated. “With our new office in One Central at the Dubai World Trade Centre, we are strategically positioned to enhance our services and support investors in the region like never before.”

XTB’s latest announcement underscored the importance of its SCA licence, which enables the broker to strengthen its offerings for both retail and institutional investors. Meanwhile, under the DFSA licence, it continues to serve clients within the Dubai International Financial Centre (DIFC).

The company’s financial performance has also remained strong. In 2024, XTB’s revenue increased by 15.8% to PLN 1.87 billion, while net profit rose 8.6% year-over-year to PLN 859.4 million. Despite increasing operational costs, the broker benefited from strong market trends and a rising interest in financial instruments.

XTB’s expansion in Dubai highlights its commitment to the region and its dedication to providing secure and transparent investment services to a growing client base.

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