DUBAI, United Arab Emirates - Thursday, 22. August 2024 AETOSWire
Over $306 million in revenue in 2023, a 10% increase compared to the previous year
(BUSINESS
WIRE) -- MultiBank Group, one of the world's largest financial
derivatives institutions headquartered in Dubai, announces its most
successful financial year to date, with an impressive revenue of
$306,636,717 in 2023.
Based on the latest audited financial
statements, MultiBank Group achieved a strong 10% revenue increase,
growing from $279,523,140 in 2022. This milestone reflects the Group’s
effective business strategy, ongoing growth and its commitment to
providing exceptional value to clients worldwide.
Additionally,
MultiBank Group reported a remarkable 26% rise in net income from
$180,013,709 in 2022 to $226,837,355 in 2023, underscoring the Group's
operational efficiency and reinforcing its position as a global leader
in the financial derivatives industry.
Naser Taher, Founder and
Chairman of MultiBank Group, commented: “The unprecedented financial
success we have achieved this year is a testament to our robust
strategic planning and resilience, as well as our ability to anticipate
and navigate the complexities of the global financial landscape. The
sustained revenue growth and remarkable increase in net income
underscore our relentless pursuit of innovation, operational excellence,
and client-centric solutions. As we continue to expand our global
footprint, we remain steadfast in our commitment to setting new
benchmarks in the financial derivatives industry, ensuring that we
deliver unparalleled value to our stakeholders and maintain our
leadership position in this dynamic market.”
Managing an
impressive daily trading volume of over $12.1 billion, MultiBank Group
serves a vast and diverse clientele of more than 1 million traders
across 90 countries, and is licensed by 15 financial regulators
globally. The group is setting new industry standards with its
user-friendly online trading platforms, leveraging state-of-the-art
technology, while showcasing its commitment to providing cost-effective
trading solutions and leading-edge financial products.
ABOUT MULTIBANK GROUP
Founded
in California, USA, in 2005, MultiBank Group has grown to command a
daily trading volume exceeding $12.1 billion, serving over 1 million
customers. MultiBank Group has matured into one of the largest online
financial derivatives providers globally, offering an array of brokerage
services and asset management solutions. The group’s award-winning
trading platforms offer up to 500:1 leverage on a diverse range of
products, including Forex, Metals, Shares, Commodities, Indices, and
Digital Assets. For more information, visit https://multibankfx.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20240822325302/en/
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Contacts
Mykyta Buzhor
mykyta.buzhor@multibankfx.com
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