Al Razouki Exchange opens 3 new branches in UAE

Al Razouki International Exchange has opened three new branches in Abu Dhabi and Dubai, taking total number of branches to 19, said a press statement on Wednesday.

The company opened two branches in the emirate of Abu Dhabi in Ghayati and Bida Zayed City, and the third branch in Al Raffa area in Bur Dubai. Opening these branches comes within a plan Al Razouki International Exchange Company launched to expand its operations all over the local market to cover the different emirates.

“The opening of three new branches in Abu Dhabi and Dubai reflects our strategic move to strengthen our presence in the UAE. It also embodies our efforts to meet the growing demand for more financial services, such as money transfer and foreign exchange,” Abdul Razak Abdul Aziz Al Mutawa, Chairman of Al Razouki International Exchange, said.

The company is licensed by the UAE Central Bank and the Ministry of Labor in order to pay the salaries of employees under WPS system.

Currently, more than 48,000 workers in 8,000 companies are paid though Al Razouki International Exchange under a deal with the Ministry of Labour.