Acquisition of Shares

Dubai – Clout is pleased to announce the transaction completion of the shares acquisition of Wealthface Limited, a global wealth management corporation by Accuindex Holding, the parent holding company of Accuindex Ltd (the “Company”), a leading international broker in the FX and CFD markets providing markets access to both individual and institutional clients, with a total deal values exceeded AED 10 Million.

As a result of the acquisition, Accuindex became an active board member in Wealthface, a company based in the Cayman Island, with subsidiaries in New York, Dubai and Abu Dhabi Global Market (ADGM).

Clout key team advising the Company was led by the Co-Managing Partners Ayham A. Othman and Ahmad H. Haddad, who were managing all transaction’s aspects. Clout acted as both the international and the local counsel to Accuindex on various portions of this multi-jurisdictional deal, including drafting and negotiating the key transaction documents, conducting the legal due diligence, closing and the post-closing.

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