MultiBank Group, one of the world’s largest financial derivatives institutions based in Dubai, has announced its most successful financial year to date, with a record-breaking revenue of $306,636,717 in 2023.
According to the latest audited financial statements, MultiBank Group achieved a 10% increase in revenue, up from $279,523,140 in 2022. This growth highlights the Group’s effective business strategy, continuous expansion, and commitment to delivering exceptional value to clients globally.
The Group also reported a remarkable 26% rise in net income, climbing from $180,013,709 in 2022 to $226,837,355 in 2023. This substantial increase underscores MultiBank Group’s operational efficiency and solidifies its standing as a global leader in the financial derivatives industry.
Naser Taher, Founder and Chairman of MultiBank Group, remarked: “This year’s unprecedented financial success 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 significant rise in net income reflect our relentless pursuit of innovation, operational excellence, and client-centric solutions. As we continue to expand our global presence, we are committed to setting new benchmarks in the financial derivatives industry, delivering unparalleled value to our stakeholders, and maintaining our leadership in this dynamic market.”
With a daily trading volume exceeding $12.1 billion, MultiBank Group serves over 1 million traders across 90 countries and is regulated by 15 financial authorities worldwide. The Group is setting new industry standards through its user-friendly online trading platforms, leveraging cutting-edge technology, and demonstrating a strong commitment to providing cost-effective trading solutions and innovative financial products.
