October 22, 2017 8:11 AM ET

Consumer Finance

Company Overview of UAE Exchange Centre, LLC

Company Overview

UAE Exchange Centre, LLC provides global remittance and foreign exchange services. It offers retail services, such as bill payment, wealth management, mobile phone products, travel and tours, prepaid cards, account opening, and loyalty programs. The company also provides corporate services, such as payroll, corporate cash collection, and corporate cash payout services. UAE Exchange Centre, LLC was founded in 1980 and is based in Abu Dhabi, United Arab Emirates.

Level 02

Al Sayegh Centre

Sh. Hamdan Street

PO Box 170

Abu Dhabi,  7562

United Arab Emirates

Founded in 1980


971 2 610 5555


971 2 632 1767

Key Executives for UAE Exchange Centre, LLC

Chief Executive Officer
Age: 41
Executive Director and President
Age: 58
Co-Founder and Chairman of the Board
Age: 74
Chief Financial Officer
Vice President of Human Resources and Administration
Compensation as of Fiscal Year 2017.

UAE Exchange Centre, LLC Key Developments

UAE Exchange Seeks Acquisitions In Fintech Space

UAE Exchange Centre, LLC is drawing up plans to enter Saudi Arabia, and is also looking at acquisitions in the fintech space to grow its business, its chief executive officer said.

UAE Exchange Centre Mulls Acquisitions

UAE Exchange Centre, LLC is seeking acquisitions. UAE Exchange Group aims to spend between $250 million and $300 million on acquisitions to build its global market share, Promoth Manghat, Chief Executive of UAE Exchange Centre said. Promoth Manghat, said, “The group is exploring multiple bolt-on acquisition opportunities as well as strategic investments in remittances and payments space with a specific focus on fintech (and) digital. UAE Exchange was working with unidentified boutique firms and banks to advise it on two to three potential acquisitions in 2017.

FGB Partners with UAE Exchange to Provide Residents with Innovative Cash Service

Partnering with UAE Exchange, FGB is launching a new, efficient cash solution for customers. The new service, Advance, offers customers residing in the United Arab Emirates (UAE) an easy and convenient financial solution to meet immediate short-term cash needs at any time. As part of the agreement, customers will benefit from this new service provided by FGB using the extensive branch network of UAE Exchange across the UAE.

Similar Private Companies By Industry

Company Name Region
Al Ansari Exchange Ltd. Middle East/Africa
Al Razouki International Exchange Co. L.L.C. Middle East/Africa
Delma Exchange UAE Middle East/Africa
Dunia Finance LLC Middle East/Africa
Emirates NBD Auto Finance Limited Middle East/Africa

Recent Private Companies Transactions

Private Placement
October 3, 2017
Souqalmal.com LLC FZ
September 12, 2017
TOM Technologies Private Limited
Private Placement
June 13, 2017
Loyyal Corporation

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
The Advertising Council, Inc. United States
NYC2012, Inc. United States
Tax Management Inc United States
Bertelsmann AG Europe

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact UAE Exchange Centre, LLC, please visit www.uaeexchange.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.