Noor Capital Acquires Majority Stake in UK Firm House of Borse to Expand into UK Market

UAE-based retail forex and CFD broker Noor Capital has acquired a majority stake in UK-based financial services firm House of Borse (HoB), expanding its business into the UK market.

Established in 2005, Noor Capital is a leading investment broker in the industry. The company is under double regulations by the Abu Dhabi Department of Economic Development (ADED) and the UAE Securities and Commodities Authority (SCA).

HoB is a broker offering online FX and CFD services to professional traders and institutions and is regulated by the Financial Conduct Authority (FCA) in the UK.

The acquisition allows Noor Capital to leverage HoB's local license and reputation to expand its business into the UK market.

According to a UK company registration document, Noor Capital's CEO Mohammed Ghousheh and Managing Director Muhammad Al Zou'bi will join HoB's board of directors.

Representatives of Noor Capital said in an interview with BrokersView last year that the firm hopes to expand its presence in the GCC countries and become a leading global UAE investment broker.