Founded in March 2001, the Company has further given impetus to the presence of 'AlMulla Group' in the fast growing financial services sector.

The Company, under the supervision and regulation of the Central Bank of Kuwait, seeks to address the currency exchange and remittance requirements of expatriate and Kuwaiti individuals on a timely, cost effective, professional & reliable basis.

The Company provides innovative value added services in the field of remittances by way of Demand Draft, Telegraphic Transfer, Door to Door, cash payment and currency exchange through a wide network of correspondent banking and payment arrangements with high class institutions in the Indian subcontinent, Asia, Middle East, Europe and America

The Exchange Company aims to be a service provider par excellence in the local market through intensive use of technology to achieve faster and more efficient methods of delivery & tracking of remittances.

As part of this commitment company has secured correspondent banking arrangement with leading banking institutions in all the countries.

List of correspondent banks is as follows :

	Australia Commonwealth Bank of Australia		Bangladesh Sonali Bank Janata Bank Bangladesh Krishi Bank
	Bahrain AlAhli United Bank		Canada Royal Bank of Canada
	Egypt National Bank of Egypt Bank of Alexandria Banque Du Caire Banque Misr		Europe Dresdner Bank ABN Amro
	France Banque Saradar		India State Bank Of India HDFC Bank.
	Indonesia Bank Negara		Japan United De Banques Arabes Et Francaises (UBAF)
	Jordan Arab Bank		Lebanon Banque Saradar
	Nepal Himalayan Bank		Oman National Bank of Oman
	Pakistan Habib Bank Muslim Commercial Bank		Philippines Bank of Philippine Islands Equitable PCI Bank
	Qatar Qatar National Bank		Saudi Arabia Riyadh Bank
	Singapore National Bank of Kuwait		Sri Lanka Bank of Ceylon Hattan National Bank Peoples Bank
	Switzerland Credit Suisse First Buston		Thailand Slam Commercial Bank
	U.A.E National Bank of Abu Dhabi		U.K AlAhli United Bank
	U.S.A National Bank of Kuwait - NY ABN Amro Bank Royal Bank of Canada