Admirals Cancels UAE License While Selling Australian Subsidiary

Admirals Group AS announced that its subsidiary, Admirals
MENA Limited in the United Arab Emirates, has requested the cancellation of its
Financial Services Permission from the Financial Services Regulatory Authority.

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Meanwhile, Admirals
is selling its Australian subsidiary as part of a plan to optimise its
geographic focus. The company said it has entered into an agreement with an
unrelated party for the sale. The Australian entity is a wholly owned
subsidiary of Admirals Group AS, the Estonian parent company that oversees
several entities operating under the Admirals brand.

Admirals Cancels UAE License

The FSP covered the regulated activity of Dealing in
Investments as Principal. The FSRA approved the cancellation, effective 4
November 2025. Admirals said the cancellation is part of its broader effort to
focus resources on regions with higher growth potential.

In 2023, the company also announced plans
to merge with its Estonian subsidiary, Admirals Markets AS, and to withdraw
that entity’s investment company license as part of the merger.

AMTS Solutions Management Acquires Majority Stake from
Admirals

Recently, AMTS Solutions, long associated with Admirals Group
AS, took a step toward independence after
its management team acquired a majority stake. Led by Dmitry Rannev,
co-founder Vitaly Myrsikov, and technical director Yuri Kovalenko, the buyout
gives AMTS full control over operations, with Rannev holding 33% and Myrsikov
5%. Financial details of the deal were not disclosed.

The company is shifting focus from primarily serving
Admirals to expanding its client base and offering trading technology to a
wider market. Key initiatives include a new web application for broker account
administration and an aggregated liquidity pool under RannForex’s FSA license.

AMTS also continues to develop its software stack,
supporting multiple liquidity providers, flexible execution models, risk
management systems, and advanced order execution features. With nearly two
decades of experience, the firm aims to attract brokers with competitive
pricing and operational efficiency, positioning itself for growth in the
trading technology sector.

This article was written by Tareq Sikder at www.financemagnates.com.



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