Orion Capital gets licence to operate in DIFC

Orion Holding Overseas, a leading financial services firm in the Middle east and North Africa (Mena) region, yesterday announced that its subsidiary Orion Capital Limited has received a licence to operate in the Dubai International Financial Centre (DIFC).

The licence enables Orion Capital to deal in investments as principal or agent, as well as arrange custody.

The firm can now officially arrange credit or deals in investments and act as advisor on financial products or credit to regional and international financial institutions who seek to enter markets in the Mena region.

Nasser Al Shaali, CEO of DIFC Authority, said: "Joining the DIFC gives Orion Capital a productive platform to further exploit the growth potential for financial products and services in the regional market."

Mohamed Hafez Khalil, CEO of Orion Holding Overseas, said: "We plan to offer direct market access to the UAE, KSA, Kuwait, Egypt and Jordan equity markets from one account to our clients."
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