Wed, April 17, 2024

Plus500 Expands Office Space in Haifa and Boosts Hiring

Stock Report – stock exchange background – WibestBroker

Plus500 has significantly expanded its Haifa office space and increased recruitment efforts across various departments. Local news source Walla reports the brokerage has leased an additional 5,800 square meters in the Gev-Yam complex in Haifa.

Aden Dahan, Plus500’s Vice President of Recruitment and Human Resources, stated the expansion is in anticipation of the company’s future growth. He emphasized that the new workspace, designed by BA Studio architects, aims to enhance employee well-being.

Accelerated Recruitment Drive

The Israeli brokerage is filling numerous sales and software development positions. Plus500’s official LinkedIn page shows 13 vacancies, with 12 at its Haifa office.

Prêts personnels : Taux, risques, récompenses

The company, a leading name in forex and contracts for difference (CFDs) trading, operates from Israel but is listed on the London Stock Exchange (LSE). Apart from Haifa, it maintains an office in Tel Aviv and several international locations, totaling 521 employees.

Plus500’s growth is impressive, registering approximately $725 million in revenue for 2023 and an EBITDA of around $340 million, exceeding market forecasts. The company has also initiated a $100 million share buyback scheme, having already repurchased shares worth $0.6 billion.

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BROKER NEWS

Plus500 Witnesses Growth in Q1 Revenue

In the first quarter, Plus500 reported a $215.6 million revenue, marking a 4% rise Y-o-Y and a 14% increase Q-o-Q. Customer income was $169.6 million, with $30.6 million coming from customer trading performance.

BROKER NEWS

Plus500 Witnesses Growth in Q1 Revenue

In the first quarter, Plus500 reported a $215.6 million revenue, marking a 4% rise Y-o-Y and a 14% increase Q-o-Q. Customer income was $169.6 million, with $30.6 million coming from customer trading performance. The