Argentex innovative currency risk management and payment solutions are now available in the UAE
Argentex, a UK-based foreign exchange and financial services provider, has expanded its operations to the United Arab Emirates (UAE) by establishing an office in the Dubai International Financial District (DIFC).
The company will operate in the region as Argentex (DIFC) Ltd, a fully licensed subsidiary regulated by the Dubai Financial Services Authority (DFSA). The subsidiary has a Category 3A DFSA license, enabling it to offer comprehensive FX and payment services similar to those provided by its parent company.
This move is part of the company’s broader strategy to grow its international footprint, diversify revenue streams, and tap into the Middle Eastern market. Argentex’s main goals are becoming a more diversified financial services provider, reducing dependency on volatile FX markets, and providing alternative banking and payment solutions globally.
The UAE expansion complements the firm’s existing operations in the UK, Europe, and Australia. It gives Argentex the possibility to reach new client bases while enhancing its offerings and technological capabilities.
“The opening of our subsidiary in Dubai is a huge achievement for Argentex as we enact our expansion plans in the region. We are excited to now offer our exemplary services to a whole new breadth of businesses in the UAE markets and wider region. I very much look forward to working with the talented Argentex (DIFC) Ltd team as we continue to grow.”
Jamil Khammu, Senior Executive Officer and Managing Director at Argentex (DIFC) Ltd
The UAE is a key strategic market due to its position as a global financial hub connecting Asia, Europe, and Africa. It also has a favourable environment for startups with its business-friendly policies, tax advantages, and robust infrastructure. The region’s emphasis on diversification, particularly in finance and technology, aligns with the needs of companies like Argentex, which offer sophisticated currency risk management solutions. Additionally, the UAE’s status as a hub for international trade and finance creates opportunities to serve a wide range of industries.
Argentex is a London Stock Exchange-listed company specialising in currency risk management and alternative banking for businesses and financial institutions. Operating globally since 2012, it has facilitated over $200 billion in transactions across 140 currencies. The firm describes itself as a debt-free, cash-rich, riskless principal broker.
The firm focuses on diversity, inclusion, and belonging in its operations and supports environmental initiatives. ESG risk ratings agency Integrum ESG gave it a Grade B, Good 2.8 score.
You might be also interested in How to Set Up a Bank Account in UAE for Non-Residents.
