FINANCIAL NEWS

Lulu International Exchange to open new branches in GCC

01 Sep 2010

(MENAFN) Chairman of Lulu International Exchange Yusuffali M.A. said that the company will expand its operations and is planning to open a number of branches in the UAE and other Gulf countries, Khaleej Times reported.

With only four branches in Dubai and Abu Dhabi, the company has recorded transactions of more than $350 million.

The company plans to have new branches throughout the GCC and other countries. The Chairman said that the company is looking for a steady and systematic growth while complying with the UAE Central Bank guidelines and international standards.

The exchange company has draft printing centers in Bangladesh and India. It is also planning to get a transaction company in Philippines.

For the upcoming three years, the company is going to open branches in Far East viz. Malaysia, Hong Kong and Philippines, Europe and Australia.

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