Company Overview of UAE Exchange & Financial Services Ltd
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...
M G Road
Founded in 1993
Key Executives for UAE Exchange & Financial Services Ltd
Managing Director and Director
Finance Director and Director
Chief Operating Officer of Global Operations
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
Oct 12 16
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
Apr 4 16
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
Sep 15 15
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.
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