March 30, 2017 1:51 AM ET

Consumer Finance

Company Overview of UAE Exchange & Financial Services Ltd

Company Overview

UAE Exchange & Financial Services Ltd. provides money transfer, domestic money transfer, foreign exchange, ticketing and tours (domestic and international), loans, insurance, share trading, and other investment advisory services. It offers foreign exchange services that include buying and selling foreign currencies, sending money abroad, and travel prepaid cards; gold and consumer loans; flight ticket booking, tours and online hotel reservations, and assistance for tourist visa; and health, travel, and motor insurance. The company’s services also include mobile cash wallet, domestic money transfer, recharge mobile/DTH, and utility bill payments; online transaction and mutual funds; and inwar...

III Floor

Airlines Building

M G Road

Kochi,  682011

India

Founded in 1993

Phone:

91 48 4304 7347

Fax:

91 48 4236 2029

Key Executives for UAE Exchange & Financial Services Ltd

Managing Director and Director
Finance Director and Director
Chief Operating Officer of Global Operations
Chief Product Officer
Chief Information Officer
Compensation as of Fiscal Year 2016.

UAE Exchange & Financial Services Ltd Key Developments

UAE Exchange Reportedly Eyes Acquisition Of A Microfinance Institution

UAE Exchange & Financial Services Ltd is looking to acquire a microfinance institution and may merge it with its existing business to create a large micro-loan portfolio, people familiar with he development said.

Travelex and UAE Exchange Close $890-Million Term Loan

The majority shareholders of Travelex Holdings Limited and UAE Exchange Centre have closed a term loan financing worth $890 million that the two foreign exchange firms will use for their growth plans. The shareholders reserve the option to increase the size of the loan by $75 million. The funds will be used to refinance an existing bridge facility that was used to buy Travelex during 2015. The loan was backed by nine banks including Doha Bank, Qatar National Bank and Goldman Sachs. UAE Exchange and Travelex will carry on operating as two separate brands but provide products via both the platforms. Their growth plans include foraying into new markets as well as growing distribution channels.

UAE Exchange India Announces Board Appointments

UAE Exchange India has appointed Mr. M. Narendra and Mr. Abraham Thariyan as Independent Directors on the board of the company. Mr. Narendra is an eminent banking professional with 40 years of wide experience and exposure in banking arena. Started his career as an office trainee at Corporation Bank in 1975, he served the position of Chairman and Managing Director of Indian Overseas Bank owing to his enduring perseverance and commitment in his profession. As an adept personnel with an extensive work experience of thirty-six years at some of the renowned banks like South India Bank, Federal Bank, taking care of International Banking, Treasury, Credit (SME), Asset Recovery, Financial services, NRI services, overseeing of representative offices and Retail gold business, Mr. Abraham Thariyan has been elected to drive the trajectory of success for the company. The expertise of Mr. Thariyan as Executive Director of South Indian Bank will guide UAE Exchange India in its successful journey.

Recent Private Companies Transactions

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No transactions available in the past 12 months.
 

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