AL FARDAN EXCHANGE L.L.C LAUNCHES PIONEERING NEW BANK NOTE DIVISION

92

Dubai, UAE: In line with ongoing efforts to provide uncompromising and modernized services to enhance customer experience, Al Fardan Exchange L.L.C announces the launch of a new bank note division, a first-of-its-kind in the market, which will serve as a means to seamlessly move money around worldwide.

Strategically located in Deira, Dubai, the novel bank note division is fully equipped with state-of-the-art currency and value counting machines, which operate three times faster than traditional systems and are designed to recognize all currency types. Al Fardan Exchange is one of the highest international bank notes clearer in the region, and the highest in the UAE. 

Hasan Fardan Al Fardan, CEO at Al Fardan Exchange, said: “We are happy to announce the launch of our Bank Notes Division which will further enhance our product portfolio. The BND capability will help us provide currency solutions to large corporates, and financial institutions. This further solidifies our position as a market leader and is in line with our growth aspirations to service customers not only in the UAE but also regionally and subsequently globally as well. This is part of our long-term growth strategy to build a sustainable and differentiated product offering which caters to the financial needs of any organization.

“We extend our most heartful appreciation to the UAE Government for their open-handed assistance in providing us with the infrastructure and capabilities to thrive by placing the UAE as the trade hub of the region,” he added. 

Omar Assaf, Chief of Treasury at Al Fardan Exchange, said: “This is a major advancement for Al Fardan Exchange and will allow us to provide a streamlined service to our loyal customer base. We can now deliver and collect bank notes from over 20 countries. Over 50 specialized agents have been assigned to handle the operation across the globe and we are confident that this number will grow as the year progresses.”

About Al Fardan Exchange:

Al Fardan Exchange is a member of the Al Fardan Group, one of the leading family-owned conglomerates in the region with a 50-year legacy. It is one of the many different businesses across several sectors under the umbrella of Al Fardan Group, ranging from real estate, to high- end jewelry to trading. The success of the group is largely built upon the business acumen and strong personal values espoused by its founder, Ibrahim Al Fardan, who established himself as a respected pearl trader back in 1954.  Established in 1971, we are proud to serve the UAE’s cosmopolitan community through our 70+ strong network, spanning across all Emirates. Reinforced by strong relationships with over 150 global corresponding banks, financial institutions, and other financial service providers, we offer secure transactions that firmly place reliability and trust in the forefront.