XS.com, a prominent global FinTech and financial services provider, has officially inaugurated its brand presence in Kuwait with the opening of its first office in Kuwait City. This significant milestone was realized through a strategic partnership with “NVEST”, a key subsidiary of “Construction Group” and “Al Wataniya Group”, both recognized leaders in Kuwait's energy, real estate, and infrastructure sectors. The partnership is notably represented by Chairman Sheikh Rakan Badr Muhammad Al-Sabah, CEO Eng. Jamal Al-Sabah, and CEO Eng. Tamer Al-Natour.

The strategic alliance was formally announced at a press conference held on Tuesday, July 1, at the Four Seasons Hotel in Kuwait City. The event saw the attendance of high-ranking figures from the esteemed Al-Sabah family, alongside leading financial and business experts, and a diverse representation from print, audio, and visual media outlets. Speakers at the conference collectively emphasized the profound significance of this collaboration in bolstering the national economy and enhancing Kuwait's standing on the global business and technology map. They also underscored the critical importance of fostering strategic initiatives that actively contribute to sustainable development and economic diversification.

A pivotal moment during the event was the signing of a strategic partnership agreement between XS.com and NVEST, which formally marked the global XS.com brand’s official entry into the Kuwaiti market. This strategic maneuver represents a major achievement for XS.com, culminating in the granting of a newly licensed entity in Kuwait under the name “XS Online” to the global multi-asset broker.

During the grand launch ceremony, Sheikh Rakan Bader Mohammed Al-Sabah, who serves as Chairman of both “Construction Group” and “Al Wataniya Group”, expressed his profound appreciation for the partnership with XS.com. He highlighted that this collaboration is rooted in a deep-seated belief in the necessity of developing Kuwait's financial investment sector and delivering world-class services that meticulously meet the expectations and trust of investors. Sheikh Rakan Al-Sabah further articulated that achieving financial sustainability through the integration of modern technologies, particularly artificial intelligence, is a foundational pillar of the “New Kuwait 2035” vision, asserting that the strategic partnership with XS.com robustly supports this national direction. He concluded by declaring that the opening of "XS Kuwait" signifies the most impactful launch for the global XS Group at a regional level, setting the stage for the company to expand its operations across the broader Gulf region, commencing from Kuwait. He also revealed an ambitious future plan to establish new XS branches in other major Gulf capitals.

For his part, Mr. Mohamad Ibrahim, Group CEO of XS.com, articulated that this partnership extends beyond a mere office opening; it is a strategic initiative specifically designed to deepen XS.com’s engagement with the Arab region. He characterized the Kuwaiti market as vibrant, dynamic, and forward-looking, noting that XS.com's physical presence in the country will enable the company to remain closer to its clients, respond with greater agility to evolving market needs, and significantly strengthen its brand footprint across the GCC.

Eng. Jamal Al-Sabah, CEO of NVEST, conveyed his distinct satisfaction with the strategic partnership forged with XS.com, a globally leading financial services company. He affirmed that the Kuwaiti financial market offers numerous attractive advantages, making it an ideal and welcoming environment for international brands. He added that this partnership is poised to serve as a solid foundation for the launch of XS Kuwait's operational activities, which will be strategically focused on establishing a robust regulatory framework, ensuring the protection of both investors and companies, and actively driving the creation of effective and serious partnerships, particularly within the burgeoning FinTech sector, which he views as the indispensable gateway to the future.

The newly established XS.com office in Kuwait will function as a pivotal hub for customer support and market development, thereby substantially reinforcing the group’s overarching presence throughout the GCC. In light of the accelerating growth of FinTech in Kuwait and the escalating demand for advanced financial services, this strategic expansion unequivocally demonstrates XS.com’s long-term commitment to cultivating strong local partnerships and delivering meticulously tailored experiences for regional investors and traders. XS.com continues to elevate standards in global financial market trading by providing an advanced trading environment, distinguished by world-class technology and exemplary customer service. The Kuwait office is set to play an instrumental role in shaping regional strategies, strengthening localized partnerships, and amplifying marketing and communication endeavors.

In recent years, XS.com has systematically expanded its footprint across the Middle East and North Africa through a series of strategic partnerships, events, and initiatives. The launch of the Kuwait branch represents the latest achievement in this comprehensive regional vision. As a multi-regulated global broker, XS.com remains unwavering in its dedication to promoting transparency, fostering education, and building trust within financial markets, all while continually leveraging cutting-edge technology to empower clients in navigating increasingly complex global trading conditions. This new office not only solidifies XS.com’s standing as a leading global broker but also profoundly underscores its role as a committed regional partner, poised to contribute meaningfully to Kuwait’s growing financial ecosystem and its evolving FinTech landscape.

The XS Group (operating under the brand name “XS” or “XS.com”) is a Global Multi-Asset Broker that provides access to trade a wide array of financial products. Established in Australia in 2010, XS.com has since evolved into a global market leader within the FinTech, financial services, and online trading industries, holding licenses in various jurisdictions and maintaining offices in diverse locations worldwide. XS.com offers traders, institutional investors, and brokers globally access to deep institutional liquidity and advanced trading technology, complemented by an efficient user experience, high-quality relationship management, and excellent customer support. It is important to note the Risk Warning: Our products are traded on margin and carry a high level of risk, making it possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks involved before trading.