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Wall Street in Jordanian tie-up

Dubai, January 7, 2008

Wall Street Exchange has entered into a partnership with Al Samhouri Exchange, a leading Jordanian money exchange company, to facilitate speedy remittances to Jordan at attractive rates.

Wall Street Exchange is the financial services subsidiary of Emirates Post Group.

“Our agreement with Al Samhouri Exchange will enable the large Jordanian community in the UAE to send money to their people in Jordan at low rates, while at the same time giving access to Al Samhouri’s countrywide network,” said Abdullah Bin Ghaleb, Group Managing Director, Wall Street.

Ghaleb said Al Samhouri was selected since it is one of the oldest exchange firms in Jordan enjoying a high degree of trust and excelling in customer service. Also, it has a large network of branches across Jordan.”

“Apart from sending money for personal or business needs, UAE residents can also transfer funds directly into their accounts through this partnership,” he noted.

“The presence of a large number of Jordanians in the UAE prompted us to enter into a partnership with Al Samhouri, and we plan to add more value-added services in future," Ghaleb added.

Wall Street plans to open more such partnerships with other Arab countries as part of its strategy of diversification and expansion. Wall Street recently took on a new corporate identity which reflects its vision for emerging as a leading player in the regional and global financial sector.

Wall Street Exchange was launched to meet the needs of expatriates who need to send money to their families in their home countries. The company grew rapidly and today it has a network of 21 branches in the UAE offering money exchange and remittance services.

In addition, the company has 7 branches in the UK and 9 in Hong Kong besides tieups with 90 partners worldwide. - TradeArabia News Service




Tags: Jordan | Remittances | money exchange | Wall Street Exchange | Al Samhouri |

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