Neex Names Mohamed Abushamat Head of the MENA Region
Neex has appointed Mohamed Abushamat as Head of the MENA Region, with responsibility for the broker's activities across the Middle East and North Africa. Here is what the role covers and what it means for traders in the region.
Neex has appointed Mohamed Abushamat as Head of the MENA Region, giving him responsibility for the forex and CFD broker's activities across the Middle East and North Africa. The appointment places a leader with an established sales record in charge of a region that is an important part of the company's international business.
This article explains what the new role covers, how Abushamat has been involved with the company's regional work so far, and how Neex is set up in the MENA region from a regulatory point of view. It also outlines what the appointment may mean for clients and what traders should check before opening an account with any broker.
Who Is Mohamed Abushamat?
Based in Dubai, Abushamat has worked with Neex's regional team, according to his LinkedIn profile. He has already played an active role in the company's regional sales efforts, which gives context to his move into a broader leadership position. Rather than arriving from outside the business, he is taking on expanded responsibility for a team and a set of markets he has been working within.
Earlier in 2026, Abushamat shared that he had been named the company's January Sales Star for his work in sales, client follow-ups, and business development. Recognition of this kind typically reflects day-to-day performance in client-facing and commercial work, which are the areas his new role builds on.
Mohamed Abushamat: What the Promotion Covers
According to the company update, the promotion expands Abushamat's responsibilities well beyond sales. His remit now includes the following areas:
- Regional growth: supporting the company's commercial plans and managing its growing presence across MENA markets.
- Team management: leading the regional team and its day-to-day priorities.
- Client and partner relationships: maintaining and developing relationships with clients and business partners in the region.
- Commercial strategy: shaping how Neex approaches its key markets across the Middle East and North Africa.
Taken together, these responsibilities move Abushamat from a primarily sales-focused role to one that connects growth targets, team organisation, and partner strategy across the whole region. The company has not published a detailed roadmap for the MENA region in the update, so any specific plans should be followed through official Neex communications as they are released.
Mohamed Abushamat: Why the MENA Region Matters to Neex
The appointment comes as Neex continues to expand its international operations. The company is an online CFD broker offering trading access to forex, indices, commodities, and other financial markets. Its operations cover the Middle East, Europe, the Asia-Pacific region, and the Pacific, so the MENA region is one part of a wider international footprint.
The company describes MENA as an important part of its international business. A dedicated regional head suggests that the company wants closer coordination between local sales, client relationships, and commercial planning in these markets. For the broker, that typically means more focus on how services are delivered to clients in the region and how the company manages its presence over time.
Neex's Regulatory Footprint in the Region
In the UAE, Neex Securities LLC holds a Category 5 license from the Securities and Commodities Authority (SCA). The license gives the group a regulated presence in one of the region's main financial centres. According to the company update, the license covers introducing and promotional activities.
This detail matters. A license's scope defines what a regulated entity is allowed to do, so the difference between a licence for introducing and promotional activities and a licence covering other services is important. Traders should always read the scope of any license for the specific entity they would be dealing with, rather than assuming that a regulated group automatically covers every activity.
Neex's Other Regulated Entities
Outside the UAE, Neex also operates through regulated entities in South Africa and Mauritius. The table below summarises the regulators named in the company update.
| Entity | Jurisdiction | Regulator |
|---|---|---|
| Neex Securities LLC | United Arab Emirates | Securities and Commodities Authority (SCA), Category 5 license |
| Neex (Pty) Ltd | South Africa | Financial Sector Conduct Authority (FSCA), authorised |
| Neex International Limited | Mauritius | Financial Services Commission of Mauritius |
Having several entities under different regulators means that clients' regulatory protection can depend on which Neex entity they contract with. Before opening an account, check which entity you would be dealing with and confirm its regulator and license scope on the regulator's own register.
What This Appointment Means for Traders
A leadership change in a regional team does not change how a broker's products work, but it can affect how the company communicates, supports clients, and develops its offering. For traders in the MENA region, the practical questions are usually about service, transparency, and regulation. The update does not announce changes to trading conditions, so existing clients should rely on the terms in their own agreements and on official Neex notices.
If you are considering Neex or any other broker in the region, a short checklist can help you judge the offer before you deposit money:
- Confirm the legal entity. Find out which Neex company would hold your account and which regulator supervises it.
- Check the license scope. Make sure the license covers the services you actually need.
- Verify on the regulator's register. Do not rely only on logos or claims on a website.
- Read the client agreement. Review fees, spreads, withdrawal terms, and complaint procedures.
- Start small. Test the platform, execution, and customer support with a modest deposit before committing larger amounts.
How to Compare Brokers Before You Decide
Leadership news is one input among many. A fair comparison looks at regulation, account types, costs, platforms, and support quality. If you want to see how other brokers present their regulation and offer details, you can browse our independent reviews, such as the XM Group review or the Headway review. Use the same checklist for each one so that you compare like with like.
About Neex
Neex is an online CFD broker offering access to forex, indices, commodities, and other financial markets. The group operates across the Middle East, Europe, the Asia-Pacific region, and the Pacific, and is regulated through entities in the UAE, South Africa, and Mauritius as described above.
Trading CFDs and forex carries a high level of risk, and you can lose more than you deposit depending on the product and your account type. Make sure you understand the risks before you trade, and only use money you can afford to lose.
Further reading: Stock market (Wikipedia).
We will keep this Mohamed Abushamat report updated as new information comes in.
