Overview:
Mohamed Al Hakeem has been named deputy chairman of MultiBank Group and chief executive of its MB.io platform, a move aimed at expanding the derivatives and fintech firm's global footprint and digital asset presence. The appointment signals the group's commitment to growth across financial markets, cryptocurrency, and technology sectors. Al Hakeem will report directly to founder and chairman Nasser Taher.
Details:
Al Hakeem will lead expansion of MB.io into new international markets and oversee the growth of MultiBank Exchange. His responsibilities include strengthening partnerships with financial institutions, governments, and sovereign wealth funds. The group, one of the world's largest derivatives platforms, has positioned the appointment as central to its strategy in digital assets and fintech innovation.
Separately, 14 listed companies in Abu Dhabi and Dubai stock markets are scheduled to announce third-quarter 2026 results this week. Through October, 42 listed firms posted combined net profits of 47.89 billion dirhams for the third quarter, up 28 percent from 37.40 billion dirhams in the same quarter of 2025. Banks accounted for 50.6 percent of reported profits, contributing 24.23 billion dirhams.
Outlook:
Investors are watching third-quarter earnings announcements to assess the health of UAE financial and real estate sectors heading into year-end. Mohamed Al Hakeem's appointment reflects confidence in blockchain and fintech as growth drivers for regional financial hubs competing for global capital flows.