The Jordan-based subsidiary of CFI Financial Group Holding, which operates under the brand Credit Financial Invest for Financial Brokerage Limited (CFI Jordan), is getting a fresh injection of capital after securing the required approvals.
CFI Jordan, which received a Jordan Securities Commission (JSC) license in January, has raised $4 million (JOD 2.8 million) from its parent. The new funds will be used for expansion after what it called “ a successful start in Jordan” and its ability within a short period of time to attract “a substantial number of clients.”
The company has been pretty busy over that 12-month period, most recently it has registered a new branch in the . With the opening of the UK branch, CFI is currently licensed and regulated to operate its forex and CFDs business in London, Beirut, Larnaca, Dubai, and Amman.
Last year, CFI dedicated to strengthening its corporate governance as the company highlighted that the was focused on creating sustainable, profitable businesses.
A multi-regulated broker
Based out of Amman, CFI Jordan provides financial advisory and brokerage services in the local and international markets. This includes providing investors with exposure to multiple investment products, including contracts-for-difference (CFDs), FX, bullion, commodities, indices, and other listed instruments on the Amman Stock Exchange.
Interest in the domestic market has certainly been on the uptick, with a JSC license last year.
Credit Financier Invest is also registered at the Register of Commerce of Beirut and regulated by the to provide several services with an emphasis on financial brokerages. CFI Group’s solutions encompass wealth management, portfolio advisory, treasury bonds, commodities and futures, stocks and ETFs, forex, online trading, credit facilities and fiduciary deposits.
In a joint statement, CFI Group Holding’s Founders and Managing Directors, Eduardo Fakhoury and Hisham Mansour, said: “We have taken this step after the remarkable success of CFI Jordan following the launch of its activities. It also comes as the company prepares itself for further expansion and to obtain additional licenses particularly for offering leveraged trading services on local stocks traded on the Amman Stock Exchange. Finally, it shows our firm commitment to the Jordanian market and the confidence we have in the team and management of CFI Jordan.”
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