A loan of up to $800 million to help Abu Dhabi-based entrepreneur B R Shetty acquire a majority stake in foreign exchange operator Travelex has been completed, two sources aware of the matter said on Monday.
The facility, arranged
Travelex, a leading foreign currency exchange specialist, is handing out cash rewards to lucky winners of its Cash Prize promotions across all Bahrain branches.
Ladan Khan, a truck driver from Kerala, is one of two grand prize winners w
Goldman Sachs and Qatar National Bank (QNB) are arranging a $800 million loan to help Abu Dhabi-based entrepreneur B R Shetty acquire a majority stake in foreign exchange operator Travelex, he said on Tuesday.
"The jumbo tran
UAE businessman Dr B R Shetty, the owner of UAE Exchange, together with equity partners associated with Centurion Investments, have entered into an agreement to acquire Travelex Holdings Limited, a leading foreign exchange firm, from funds advis
Private equity firm Apax is in talks to sell Travelex to the owner of the UAE Exchange, two sources familiar with the matter said on Thursday, suggesting a rethink of its planned 1 billion-pound ($1.7 billion) listing of the foreign exchange com
British foreign exchange company Travelex is seeking to list on the London stock exchange in May or June this year, two sources familiar with the matter said on Friday, in a deal which one said could value the company at more than 1 billion poun
Travelex opened its 29th store in Budaiya, coinciding with its 10th anniversary in Bahrain.
The opening comes as Travelex builds momentum on its growth strategy, for which the Middle East plays an integral part.
Leading foreign exchange specialist Travelex has opened its 25th branch at Tubli area in Bahrain as part of its expansion strategy for the Kingdom.
"After entering Bahrain just eight years ago, we are incredibly proud to now be opening our
Travelex, a leading foreign exchange group, has opened its new outlet in Bab Al Bahrain as part of its regional expansion plans.
The company first launched its operations in Bahrain in 2004 with a number of locations in Bahrain Intern
MasterCard is set to buy the card programme management arm of British foreign exchange group Travelex and a deal may be announced on Thursday, sources with knowledge of the matter told Reuters.
The sources said the deal was expected to be