FNG Exclusive… An interesting swap just happened in the MENA region, with Retail FX brokers Capex.com and XTB exchanging marketing heads for the Arabic speaking world.
Moving from XTB to Capex.com is Abdelhadi Laabi, who served as XTB’s Marketing Director for the MENA region out of Dubai for the past year. He had previously worked in marketing for MultiBank and Alpari Group.
Heading in the opposite direction is Nadhir Ninouh, who joins XTB after spending just a few months at Capex.com as their MENA marketing manager. Before joining Capex.com in 2021 he worked for two years at ATFX.
Capex.com is owned by Key Way Group Ltd, a Romania based, Gibraltar domiciled fintech investment group. Capex.com subsidiaries hold operating licenses from the Cyprus Securities and Exchange Commission (CySEC), the Abu Dhabi Global Market Financial Services Regulatory Authority, and the Financial Sector Conduct Authority (FSCA) in South Africa. The company is a sponsor of Italian football club Juventus., and recently hired ADSS executive Tarek Nabil as UAE COO, as was also exclusively reported at FNG.
XTB (WSE:XTB) is the largest Retail FX operation based in Poland.