Orient Exchange Co. LLC - Abu Shagara

About Orient Exchange Co. LLC - Abu Shagara

Orient Exchange Co.LLC established in the year 1923 is the pioneer of the Foreign Exchange business in the UAE. Driven by customers' needs and market demand, with the absence of any banks or financial institutions, the operations commenced in the early 20th century under the name and style M/S Paramanand Jethanand With licensing of companies introduced and issued by the Dubai Municipality it was in the year 1963, that our exchange was officially registered as M/s Arabian Trading Agency. But since 1982 all money exchange companies were licensed and regulated by the Central Bank of the UAE our foreign exchange unit was renamed as M/S Arabian Trading Agency Exchange. In the year 1983 U.A.E. introduced agency laws and as per said law an Exchange company could not have the terms Trading and Agency as part of their registered name. Hence our company was renamed Orient Exchange Co. (OEC) in the year 1986 and converted into a limited liability company in 1994 and is currently known as Orient Exchange Co. (L.L.C.). The transformation from its humble fledgling setup to its current state of art full-fledged operations, the company has been passionately guided by the vision of insightful leaders