Noor Capital, a Dubai-based forex and CFD broker, has ‘directly or indirectly’ acquired 75% or more of the shares of House of Borse, the latter’s UK Filing with the Chamber of Companies show. Mohammad Alkahtani, who previously controlled House of Borse, ceased to be a person with significant control, according to another filing.
Noor Capital’s majority stake in House of Borse, which has operated since 2016 as a principal broker
Principal Broker
Prime brokers are the designation given to people managing a set of services offered by investment banks, wealth management firms and stockbrokers to hedge funds that need the ability to borrow securities and cash in order to be able to invest on a net basis and to achieve an absolute return. There are two types of prime brokers – bank and non-bank companies. Traditionally, large global investment banks have been the predominant players in the space, but recent years have seen p
Prime brokers are the designation given to people managing a set of services offered by investment banks, wealth management firms and stockbrokers to hedge funds that need the ability to borrow securities and cash in order to be able to invest on a net basis and to achieve an absolute return. There are two types of prime brokers – bank and non-bank companies. Traditionally, large global investment banks have been the predominant players in the space, but recent years have seen p
Read this term, means the 18-year-old brokerage is planning to expand into the UK. The company, which has established its presence in the Middle East, has shareholders from the United Arab Emirates, Kuwait, Saudi Arabia, Qatar and Bahrain.
However, unlike Noor Capital, House of Boorse, which is regulated by the UK Financial Conduct Authority, only serves professional clients. House of Boorse serves as a market facilitator and aggregator, providing clients with direct market access to a wide range of banks and non-banks liquidity providers
Liquidity providers
A liquidity provider (LP) constitutes either an individual and/or an institution that functions as a market maker in a given asset class. Generally speaking, liquidity providers will act as both a buyer and a seller of a particular asset, thereby creating a market. In equities, many exchanges rely on liquidity providers who commit to providing liquidity in a given stock. These liquidity providers pledge to provide liquidity in the hope that they will be able to make a profi
A liquidity provider (LP) constitutes either an individual and/or an institution that functions as a market maker in a given asset class. Generally speaking, liquidity providers will act as both a buyer and a seller of a particular asset, thereby creating a market. In equities, many exchanges rely on liquidity providers who commit to providing liquidity in a given stock. These liquidity providers pledge to provide liquidity in the hope that they will be able to make a profi
Read this term as well as electronic communication networks.
Although relatively young, House of Boorse recorded almost 1,400% year-on-year growth in net profit for the 2022 financial year which ended July 31. The brokerage firm also generated revenue of £1.02 million during the period, a 71% increase on the previous year.
In the meantime, other House of Borse UK filings Companies House seen by finance tycoons also show that Mohammad Ghousheh and Muhammad Al Zou’bi of Noor Capital were appointed administrators of Maison Borse. Ghousheh, who joined Noor Capital as Financial Controller in April 2006, has led the brokerage firm as Managing Director since November 2016. He first served as CEO on an interim basis and later served as CEO. permanent title in 2018.
On the other hand, Al Zou’bi has been working with Noor Capital as Managing Director since January 2011. Meanwhile, Wahb Ahmed, a former Saxo Bank executive, has run House of Borse as CEO since August 2015.
Noor Capital is registered with the Abu Dhabi Department of Economic Development. In addition to online trading, the company offers investment management and financial advisory services.
Noor Capital, a Dubai-based forex and CFD broker, has ‘directly or indirectly’ acquired 75% or more of the shares of House of Borse, the latter’s UK Filing with the Chamber of Companies show. Mohammad Alkahtani, who previously controlled House of Borse, ceased to be a person with significant control, according to another filing.
Noor Capital’s majority stake in House of Borse, which has operated since 2016 as a principal broker
Principal Broker
Prime brokers are the designation given to people managing a set of services offered by investment banks, wealth management firms and stockbrokers to hedge funds that need the ability to borrow securities and cash in order to be able to invest on a net basis and to achieve an absolute return. There are two types of prime brokers – bank and non-bank companies. Traditionally, large global investment banks have been the predominant players in the space, but recent years have seen p
Prime brokers are the designation given to people managing a set of services offered by investment banks, wealth management firms and stockbrokers to hedge funds that need the ability to borrow securities and cash in order to be able to invest on a net basis and to achieve an absolute return. There are two types of prime brokers – bank and non-bank companies. Traditionally, large global investment banks have been the predominant players in the space, but recent years have seen p
Read this term, means the 18-year-old brokerage is planning to expand into the UK. The company, which has established its presence in the Middle East, has shareholders from the United Arab Emirates, Kuwait, Saudi Arabia, Qatar and Bahrain.
However, unlike Noor Capital, House of Boorse, which is regulated by the UK Financial Conduct Authority, only serves professional clients. House of Boorse serves as a market facilitator and aggregator, providing clients with direct market access to a wide range of banks and non-banks liquidity providers
Liquidity providers
A liquidity provider (LP) constitutes either an individual and/or an institution that functions as a market maker in a given asset class. Generally speaking, liquidity providers will act as both a buyer and a seller of a particular asset, thereby creating a market. In equities, many exchanges rely on liquidity providers who commit to providing liquidity in a given stock. These liquidity providers pledge to provide liquidity in the hope that they will be able to make a profi
A liquidity provider (LP) constitutes either an individual and/or an institution that functions as a market maker in a given asset class. Generally speaking, liquidity providers will act as both a buyer and a seller of a particular asset, thereby creating a market. In equities, many exchanges rely on liquidity providers who commit to providing liquidity in a given stock. These liquidity providers pledge to provide liquidity in the hope that they will be able to make a profi
Read this term as well as electronic communication networks.
Although relatively young, House of Boorse recorded almost 1,400% year-on-year growth in net profit for the 2022 financial year which ended July 31. The brokerage firm also generated revenue of £1.02 million during the period, a 71% increase on the previous year.
In the meantime, other House of Borse UK filings Companies House seen by finance tycoons also show that Mohammad Ghousheh and Muhammad Al Zou’bi of Noor Capital were appointed administrators of Maison Borse. Ghousheh, who joined Noor Capital as Financial Controller in April 2006, has led the brokerage firm as Managing Director since November 2016. He first served as CEO on an interim basis and later served as CEO. permanent title in 2018.
On the other hand, Al Zou’bi has been working with Noor Capital as Managing Director since January 2011. Meanwhile, Wahb Ahmed, a former Saxo Bank executive, has run House of Borse as CEO since August 2015.
Noor Capital is registered with the Abu Dhabi Department of Economic Development. In addition to online trading, the company offers investment management and financial advisory services.
