Lulu Exchange Opens 100th GCC Branch

For Immediate Release     May 18, 2016

Doha: LuLu Exchange, the leading worldwide remittance and foreign exchange services provider opened
their landmark 100th GCC branch at Al Gharafa in Qatar on Wednesday. The opening also marked Lulu Exchange’s 3rd branch in Qatar.

The outlet at Al Gharafa was inaugurated in the presence of Sheikh Hasan Bin Khalid Bin Hasan Al-Thani, Mr. Yusuff Ali M.A., Chairman, LuLu Group International, Dr. R Seetharaman, Group CEO, Doha Bank, Mr. Adeeb Ahamed, Managing Director, Lulu Exchange, Mr. Mohamed Althaf, Group Director, LuLu Hypermarket and other dignitaries.

“It is indeed a moment of great pride that the opening of the third branch in Qatar coincides with it being the 100th branch in the GCC managed by LuLu Exchange. We are delighted to serve such a wide network of branches across the region and it has been a remarkable journey so far with the support and encouragement of our loyal customers. This important milestone is yet another proof of the strong customer confidence and base LuLu Exchange enjoys in the region,” said Mr. Yusuff Ali M.A., Chairman, LuLu Group International.

The first LuLu Exchange in the region came into operation in Abu Dhabi, UAE, on September 2, 2009. The company soon expanded its operations to other GCC countries viz., Oman, Kuwait, Qatar and Bahrain, along with India, Philippines and Seychelles.

“Starting from Abu Dhabi in 2009, the company has made great progress over the past seven years to enhance the range of services we are able to offer and we will stay committed to being the best in the industry. LuLu Exchange has received tremendous acceptance across all the countries where it has its presence. Bringing convenience to customers has always been a priority to us. This customer-centric approach has made us the most sought after organization in such a short period and also helped us grow at a fast pace,” said Mr. Adeeb Ahamed, who is also the CEO of Lulu Forex Pvt. Ltd. India.

Along with upholding the very essence of trust while catering to its customers every day, the organization is also committed to promoting innovation in all its areas of service. The recent launch of the ‘Lulu Now’ platform, which allows immediate credit to designated bank accounts instantly, is a testimony of their commitment towards innovation that delights customers. The exchange house has strategic banking arrangements with leading banks and financial institutions around the world and is constantly working towards providing smoother, faster, and more reliable modes of transaction. Besides
remittances, customers can exchange foreign currency at competitive rates.

Enjoying unparalleled customer acceptance, LuLu Exchange is poised for remarkable growth over the next few years as the brand consolidates existing operations and explores newer markets to widen its presence.

Photo caption: LuLu Exchange's 100th GCC branch being inaugurated by Sheikh Hasan Bin Khalid Bin Hasan Al-Thani in the presence of Mr. Yusuff Ali M.A., Chairman, LuLu Group International, Dr. R Seetharaman, Group CEO, Doha Bank, Mr. Adeeb Ahamed, Managing Director, Lulu Exchange and other dignitaries at Al Gharafa in Qatar.