Established Exchange House with Strong Credentials

• The Company was established in the year 2008/9, and it has been in the operations for the last fourteen years. The Company was revamped in the year 2013 with the new management.
• The present Partner / GM has been the former banker having worked for over twenty seven years in the leading banks at the major financial centers of the world. The first line managers are academically qualified and professionally competent/experienced.
• The Company is in the Foreign Exchange and Remittance Business with the pre-pandemic turnover of AED 600-700 Mio permont. The turnover has been reduced to the level of 300-350 Mio now due to intentional reasons.
• The Company has the relationships with the local leading Banks. It has also relationships with the overseas banks for the purpose of commercial/home remittances. The Company has been dealing in FX – Remittances products selectively.
• The Company has the clean audits from the external auditors. It has been audited by the regulators on the Prudential – Compliance audits. Additionally, the Company has the Business Rating 2A2 by D & B which denotes “Good Risk”. The Company legal structure has been changed to “partnership”.
• The Company has the equity base of over AED 18 Mio. It has no liability. It has been provided the Guarantees to the Central Bank for the Capital and Remittance Product utilization, as per regulations. The Company maintains decent relationship with the Regulator. The Paid up Capital is AED 5 Mio and the balance in the equity is through the Retained earnings.
• The Company operation is stable but should further expand. The present return on the invested amount is 1.5%-2.0% per month, while on the Capital it is obviously very high. The Company has the major main branch that has premium attached to it. It has another Corporate Office / Head Office for Management.
• In case the Company goes into negotiations with anyone, the investing party objective should be only to upscale the business and to take it to the next level. Under the present financial and operational structure, it is doing fine.