Admirals has hired Sami Hamed to be the CEO of its Jordan office. Previously, Hamed worked at mostly Arabic-speaking brokers, such as Windsor Brokers and NoorCM.
Estonian forex broker Admirals has appointed Sami Hamed as CEO for the Jordan branch of Amman. Sami Hamed joined the company after relinquishing the CEO position at Noor Al Mal, the Jordanian branch of online broker NoorCM Menkul Değerler A.Ş. based in Turkey. Prior to Noor, Hamed worked at the Golden Royal Index and at Windsor Brokers, two of the leading forex brokers with a major focus on the Arabic-speaking market.
Previously, Admirals established a Jordan subsidiary in June 2021 as part of the company's long-term strategy to be able to spread its wings in the Middle East and North Africa (MENA) region. Admirals Jordan is being regulated by Jordan Securities Commission.
The costs incurred by the broker to open a new subsidiary were JOD3,280,000, or over €4 million. The expansion to Jordan is the result of a visit by Sergei Bogatenkov, CEO of US parent company Admiral Markets to Amman as part of Estonia's official high-level business delegation to Jordan in September 2019.
Spectacular Clients Growth in 2021
Apart from expanding to Jordan, Admirals has also successfully increased its client base in 2021. IT development, as well as expansion into new territories and strategic services added to the portfolio, have successfully enlarged the client basis. This significant client growth is a key point in meeting the company's long-term goal, to provide financial freedom to 10 million people globally by 2030.