Our history
ELIDI Securities Ltd (ex. UGM Securities Ltd) was founded as a boutique company by two brothers, Ruslan Adilbaev and Zhaslan Adilbaev, on September 15th, 2016.
2017
In December 2017, the Company received license from the Cyprus Securities and Exchange Commission (CySEC) for investment and ancillary services. Zhaslan Adilbaev was the first sole shareholder and ultimate beneficial owner of the Company since its foundation.
2019
The initial capital of the Company was EUR 1,000,000. In 2019 the share capital of the Company increased to EUR 3,500,000.
2022
In 2022 the share capital of the Company increased to EUR 5,000,000.
2023
In 2023 Zhaslan Adilbaev sold all his shares in ELIDI Securities Ltd to his brother, Ruslan Adilbaev, deciding to concentrate on the development of other financial markets.
2023
The Company changed its name from UGM Securities Ltd to ELIDI Securities Ltd
2024
The Company received DOA License and increased its capital to EUR 35,000,000 . The headquarters office of the Company was relocated to Limassol, Cyprus.
Our History
in numbers
Financial Performance of the Company from the date of Incorporation till now:
| Year | Revenue, EUR | Profit, EUR | Assets, EUR | Equity, EUR |
|---|---|---|---|---|
| 2017 | - | -231 238 | 777 537 | 768 762 |
| 2018 | 110 | -356 016 | 423 327 | 412 746 |
| 2019 | 352 602 | -67 697 | 3 008 050 | 2 845 049 |
| 2020 | 1 070 938 | 180 586 | 3 074 806 | 3 025 638 |
| 2021 | 1 028 288 | 546 148 | 3 640 838 | 3 579 786 |
| 2022 | 1 780 131 | 836 870 | 6 028 992 | 5 916 656 |
| 2023 | 3 690 151 | 1 967 427 | 7 996 647 | 7 884 082 |
| 2024 | 1 592 397 | 869 050 | 38 437 735 | 38 345 562 |
Timeline
2016
Incorporation of UGM Securities
2017
CySEC License Date
2019
Increase of share capital to EUR 3.5 mln
2021
Significant change of Board of Directors
2022
Ownership change: Zhaslan Adilbaev 100%
2022
Increase of capital to EUR 5 mln
2023
Ownership change: Ruslan Adilbaev 100%
2023
Name change: from UGM Securities Ltd to ELIDI Securities Ltd
2024
Relocation to Limassol
2024
Acquisition of DoA License
2024
Increase of capital to EUR 35 mln