Prime Highlights-
- Pepperstone names Mohammed Almadhoun and Osama Hamdan to lead Middle East growth.
- Pepperstone joins top brokers holding UAE’s Category 5 licence.
Key Facts-
- Pepperstone opened its Dubai office in December 2025 under a new UAE licence.
- Both new executives report to Marc Boever, Head of EMEA at Pepperstone.
Background-
Two new names now sit at the top of Pepperstone’s Middle East desk. Mohammed Almadhoun steps in as Head of Middle East. Osama Hamdan takes on the Head of Sales role. Both come from rival firms already active in the region.
Almadhoun spent time at Equiti Group as Sales Director before this move. Before that, he worked eight years at ADSS across commercial and partnership roles. His new job puts him in charge of regional operations and growth planning for Pepperstone.
Hamdan arrives from XTB, where he last held the title of Director of Business Development. His resume also includes senior commercial roles at Axi and ADSS. At Pepperstone, he takes the reins on sales strategy for the region, handling business development, client acquisition and partnership deals.
Marc Boever, who heads EMEA at Pepperstone, will oversee both new hires. Their arrival fits a broader trend playing out across the region, where brokers keep poaching talent from one another to staff up their Middle East desks. Pepperstone framed the hires as support for its push across the GCC and the wider MENA market.
This staffing move comes months after Pepperstone first entered the UAE. Back in December 2025, the broker picked up a Category 5 licence from the Capital Markets Authority and opened its Dubai office inside Emaar Square. That licence covers marketing, promotion and limited advisory work with professional clients, though actual trade execution still runs through an offshore Pepperstone entity.
Pepperstone now sits alongside other Category 5 licence holders such as XM, Exinity, VT Markets, Eightcap, Taurex and Vantage Markets. The company got its start in Melbourne back in 2010 and holds regulatory approval from ASIC, the FCA, CySEC, BaFin and the DFSA, on top of its newer UAE licence.
