NAGA Group AG has broadened its Middle East presence by adding stocks from the UAE and Saudi Arabian exchanges under its Abu Dhabi license. This move aligns with its merger with CAPEX.com, combining over 1.5 million users and targeting 5 million by 2025-2026.
The company anticipates $250 million in revenue within three years, alongside $10 million in annual savings. NAGA aims to make Middle Eastern markets more accessible globally, capitalizing on growing demand in the region.
Learn how to trade currency pairs, stocks, and CFDs on popular assets with Top Forex broker NAGA Markets
The Middle East, while smaller than major hubs like the US, is attracting attention for its iconic brands. Competitors such as Scope Markets and Centroid Solutions have also expanded access to the region.
NAGA, known for copy trading, is boosting its marketing efforts, recently appointing Mike Tyson as a brand ambassador.
