Argentex Expands UAE Presence With New Dubai Subsidiary

Argentex Group PLC, the global provider of currency risk management and alternative banking solutions, today announces the launch of Argentex (DIFC) Ltd, a fully licensed subsidiary regulated by the Dubai Financial Services Authority (DFSA).

Led by UAE Managing Director Jamil Khammu, our highly experienced team in Dubai will serve sophisticated corporate and institutional clients across the DIFC and broader UAE market.

Having previously operated in the UAE under a branch office, Argentex has reinforced its presence by transitioning from Argentex LLP to Argentex (DIFC) Ltd. The strategic move underscores Argentex’s long-term commitment to the region, further strengthening its global footprint and reinforcing its burgeoning product capabilities.

Argentex (DIFC) Ltd is fully regulated under a Category 3A DFSA license, enabling the team to offer comprehensive FX and payment services, like those provided by its parent company in other key financial hubs.

The launch of the subsidiary marks an important milestone in Argentex’s long-term strategic growth plans and reflects the company’s firm commitment to become a valuable international business.

Jim Ormonde, Chief Executive Officer at Argentex Group PLC, comments:

“We are thrilled for Jamil and the team – another significant step forward in our global growth strategy with regulatory and operational hubs now fully established in London, BV (Netherlands), Australia and Dubai. Our Middle East subsidiary shows our dedication to providing best-in-class FX and payment services at both a global and local level, enabling us to offer expert support to new and existing clients in this important region.”

Jamil Khammu, Senior Executive Officer and Managing Director at Argentex (DIFC) Ltd, comments:

“The opening of our subsidiary in Dubai is a huge achievement for Argentex as we enact our expansion plans in the region. We are excited to now offer our exemplary services to a whole new breadth of businesses in the UAE markets and wider region. I very much look forward to working with the talented Argentex (DIFC) Ltd team as we continue to grow.”