The majority shareholders of UAE Exchange and Travelex have closed an $890 million loan that will be used to support the two foreign exchange companies' growth plans, according to a statement on Monday.
The loan, which can be
BRS Ventures and Holdings, jointly owned by renowned businessmen from Middle East - Saeed Bin Butti Al Qubaisi, Dr B R Shetty and Khalifa Bin Butti Omeir Al Muhairi, has won The Banker’s ‘Middle East M&A Deal of the Year 2015&rsq
Foreign currency exchange firm Travelex will be merged with money transfer company UAE Exchange and listed in Abu Dhabi by early on in 2017, new owner Bavaguthu Raghuram Shetty said.
The Indian-born billionaire along with Abu Dhab
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.