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.

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.

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.

In 2022 the share capital of the Company increased to EUR 5,000,000.

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.

This year the Company decided to change its name from UGM Securities Ltd to ELIDI Securities Ltd.