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FORMATION OF ORIENT EXCHANGE CO. (L.L.C.) BRAND
Year 1923
M/S PARAMANAND JETHANAND
It was in the year
1923
, that our Late Founding Chairman commenced the Money Exchange Business. Prior to that we were dealing in pearls, bullion, foodstuff and construction.
Year 1963
M/S ARABIAN TRADING AGENCY
Licensing of companies was introduced in the year
1961
and was issued by the Dubai Municipality for Rupees 100 only. It was then in the year
1963
, that our company was officially registered as
M/S Arabian Trading Agency
.
Year 1982
M/S ARABIAN TRADING AGENCY - EXCHANGE
From
1982
all money exchange companies were licensed and regulated by Central Bank of the UAE. As per instructions from the Central Bank, our organization name was complemented with the word Exchange and known as
M/S Arabian Trading Agency – Exchange
.
Year 1986
ORIENT EXCHANGE CO.
U.A.E introduced agency laws in the year
1983
. As per the said law an Exchange company could not have Trading and Agency license and part of their registered name. As instructed by Central Bank of U.A.E. we had to rename our exchange business arm as
Orient Exchange Co.
in the year
1986
.
Year 1994
ORIENT EXCHANGE CO.(L.L.C.)
In
1994
Orient Exchange Company received the LLC status and renamed as
Orient Exchange Co. (L.L.C.)
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