Noor Capital UK Limited, the London based, FCA regulated arm of MENA focused broker Noor Capital, has released its financial results for fiscal year 2026 (year ended March 31, 2026), with revenues falling by a dramatic 83%, in what the company described as a “challenging trading period”.
Revenues at Noor Capital UK came in at just £261K in FY2026, versus £1.51 million in FY2025. Noor Capital UK posted a Net Loss of £297K in FY2026, versus a profit of £232K the previous year.
The Board and management of Noor Capital UK said that they are fully aware of the current position, and remain confident that the actions being taken will address the underlying challenges, improve performance, and support the business’s return to profitability in future periods. Management believes that the recent strategic initiatives and actions undertaken will support the company’s return to profitability. In addition, management has implemented further measures to enhance operational efficiency and ensure the effective utilisation of resources.
Noor Capital is part of UAE based conglomerate Al Sayegh Brothers Group, headed by Abu Dhabi businessman Abdul Jabbar Al-Sayegh. The Al Sayegh’s main business is consumer electronics, importing LG and Hitachi products to the UAE. Noor Capital has been operating since 2005, offering online trading on MT4/MT5 to a mainly Arabic speaking client base. The company has been run since 2016 by CEO Mohammed Ghousheh, who was CFO of Noor from 2007-2016.
In early 2023, Noor Capital bought FCA licensed broker House of Borse from Saudi Arabian businessman Mohammad Alkahtani, later renaming it Noor Capital UK. Noor Capital UK has been run by CEO and former Saxo Bank MENA executive Wahb Ahmed since 2015, who joined when it was operating under the House of Borse brand.