House of Borse Acquisition Boosts Noor Capital
Noor Capital, a leading asset management firm based in Abu Dhabi, has recently acquired House of Borse, a UK-based brokerage firm. The move is part of Noor Capital’s strategic plan to expand its footprint in the European and UK markets, which are among the most important in the world.
The CEO of Noor Capital, Mohamed Ghosheh, believes that the acquisition will add significant value to the group and provide an opportunity for integration between the companies’ capital market services. Noor Capital manages numerous assets through funds and investment tools, and it plans to extend its multi-asset capital markets platform to the European Union. The company also aims to expand its client offerings and launch US equity trading services.
“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 CRM, customer area, agents, and account managers. In addition, the company offers Mastercard cards to all its customers,” Al-Qahtani said.
House of Borse’s extensive regional presence and diverse experiences make it an optimal choice for Noor Capital to enhance its trading services and products. With this acquisition, Noor Capital will be able to offer a wider range of investment products and services to its clients, including access to the UK and European markets. Additionally, the acquisition will provide Noor Capital with a strong foothold in the UK and European financial markets, which are known for their stability and growth potential.
The Executives Switch
House of Borse’s filings with UK Companies House indicates that Noor Capital’s Mohammad Ghousheh and Muhammad Al Zou’bi have been appointed as Directors of the company. Meanwhile, S. Mohammed Jabri, who was previously responsible for managing Noor Capital’s sales team, has left the company to become the CEO of TradeUltra, a forex and CFD broker regulated by the Labuan Financial Services Authority in Malaysia.
Despite the personnel changes, the House of Borse has reported strong financial results for the fiscal year ending on July 31, 2022. The company’s annual revenue grew by 71% to reach £1.02 million, marking the second consecutive year of significant revenue growth. This suggests that House of Borse’s business has continued to perform well despite the changes in leadership.
