Global brokerage firm Admirals Group AS is scaling back its presence in certain international markets as part of a wider strategy to streamline operations and focus on regions with higher growth potential.
The company confirmed that its UAE-based subsidiary, Admirals MENA Limited, has voluntarily cancelled its Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA). The FSP had permitted the firm to carry out regulated activity as a principal dealer in investments. The FSRA approved the cancellation, which took effect on 4 November 2025.
In a statement, Admirals noted, “This decision underscores Admirals Group AS’s continued strategic focus on optimizing its global operations and concentrating resources in regions with the strongest potential for sustainable growth and operational excellence.”
The UAE exit comes as Admirals also moves to divest its Australian subsidiary, having entered into an agreement to sell the business to an unrelated party. The move is consistent with the group’s efforts to consolidate its geographic footprint and invest more heavily in markets that align with its long-term growth strategy.
Admirals Group AS, headquartered in Estonia, operates a network of regulated entities under the Admirals brand, offering online trading and investment services worldwide.
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By
Staff Writer
