Steve Weller, Middle East CEO for Saxo Bank said: “We are very proud to sign this agreement and work with Sarwa, a rising regional fintech with great potential for the future. Our joint agreement is a great example of the power of collaboration when two companies bring together their strengths for mutual benefit.

More than 80,000 new active clients joined the group across all global markets in the first half of 2020, bringing the client base to a record high of more than 620,000 clients. Other H1 records for the Saxo Bank Group include all-time high client assets – at 232 billion AED.

Governments are now recognizing the importance of creating financial centres, not only to develop economies away from oil-based revenues, but also to improve the region’s standing in the world.