Plus500, the renowned forex and contracts for difference (CFDs) trading services provider, has significantly expanded its operational footprint in Israel.
The company has notably doubled its office space by leasing an additional 5,800 square meters in the Gev-Yam project located in Haifa, a move highlighted by the local media outlet Walla.
This expansion is a strategic response to Plus500’s anticipated growth over the next few years.
Aden Dahan, Plus500’s Vice President of Recruitment and Human Resources, emphasized the strategic foresight behind this expansion, stating, “The company’s new offices will respond to the expected growth of the company in the coming years.”
He further elaborated on the innovative design of the new workspace, which is aimed at enhancing both the working conditions and overall well-being of its employees.
The design of this new office space was conceived by the architects at BA Studio office, a firm recognized for its work on Google’s office spaces, underscoring the high standards and innovative environment Plus500 aims to cultivate.
The report also sheds light on Plus500’s aggressive hiring campaign, highlighting the company’s search for talent across various departments, including sales and software development.
With 13 open roles listed on its official LinkedIn page, 12 of which are based in its Haifa headquarters, Plus500 is making significant strides in bolstering its workforce to support its expansion efforts.
Although Plus500 is headquartered in Israel and is listed on the London Stock Exchange, it has a global presence with offices in multiple countries including the United Kingdom, Cyprus, Australia, Seychelles, Singapore, Bulgaria, Estonia, the United States, and Japan, employing a total of 521 individuals.
The company’s growth trajectory is impressive, with a reported annual revenue of approximately $725 million in 2023 and an EBITDA of around $340 million, figures that exceeded market expectations.
Additionally, Plus500 has demonstrated its commitment to shareholder value through a $100 million share buyback program, having bought back a total of $0.6 billion worth of shares over time.
This expansion and robust financial performance underscore Plus500’s position as a leading entity in the trading services sector, highlighting its strategic initiatives to accommodate anticipated growth and enhance employee welfare.