A Visit to PhillipCapital in UAE - Office Found

Reason for this visit

The UAE stock market is one of the largest stock markets in the Middle East. The Securities and Commodities Authority (SCA) is responsible for regulating the stock market. In recent years, the UAE government has also relaxed the restrictions on foreign ownership limits to attract more foreign funds. The trading activity in the UAE stock market has increased, and foreign investors participation has gradually grown. With the sustained growth and diversification of the UAE economy, its capital market is also expected to have favorable development opportunities. Overall, the UAE stock market is steadily moving towards greater maturity and openness. In an attempt to provide investors with a comprehensive understanding of current UAE brokers, WikiStock survey team is determined to go to the country for on-site visits to local companies.

On-site visit

In this issue, the survey team went to the UAE to visit broker PhillipCapital as planned according to its regulatory address that Unit No 1202 Jumeirah Bay X3 Tower, Cluster X Jumeirah Lake Towers (JLT), Dubai.

The investigators arrived at Jumeirah Bay in Dubai of UAE for a visit to the broker‘s office on December 20, 2023, and located a high-rise modern commercial building at the heart of a prosperous district. Upon arrival at the building Liberty House, the survey personnel discovered easily PhillipCapital’s office with its company name and logo displayed at the entrance.

Through the on-site investigation, it is confirmed that the broker has a physical presence at the location.

Conclusion

The survey team went to the UAE to visit broker PhillipCapital as scheduled, and found the company at its regulatory address. This signifies that the broker has a physical business office at the place. Meanwhile, investors are advised to make a judicious decision following an overall consideration.

Disclaimer

The content is used for informational purpose only, and shall not be taken as a final order for making a choice.