Company Identity
City Exchange LLC is one of the major money exchanges in UAE having more than 25 years of its presence in UAE, specialized in India Based remittances. City Exchange LLC was established in the year 1997 with the first branch in Bur Dubai. Over the last 25 years, it has established its presence in 5 Emirates with 18 branches. It enjoys the management support from State Bank of India, the bank which has entered into the league of top 50 global banks. The Company utilizes the expertise of the officers from the State Bank of India to run the Business.
Managing Director of the Company is Mr. Akbar Mustafa A Redha Sultan, who is also the Vice Chairman of the Mustafa Sultan Enterprises, a prominent business group in Oman with diversified business interests. Mr. Sunil T Ravikumar, an Ex-Senior State Bank of India Official, is the General Manager of the Company.
The network of 18 branches spread over 5 emirates is as follows
- Dubai – Bur Dubai, Deira, Karama, Al Quoz, Al Nahda, Jebel Ali Industrial Area 1, Shopper’s Mall (Jebel Ali), Sonapur,
- Abudhabi – Abudhabi Hamdan street, Mussafah, ICAD Residential City, Al Ain
- Sharjah- Sharjah(Rolla), Sharjah Al Nahda, Sharjah Industrial Area 3,
- Ajman- Ajman(Al Bustan), Ajman Sanaya
- Ras Al Khaimah- Ras Al Khaimah.
All the major Branches of the Company are headed by experienced officers from State Bank of India, the leading bank in NRI business in India.
Further, Relationship Managers (SBI Officers) are posted exclusively for facilitating best service to the customers with personalized care.
City Exchange LLC is dedicated to offering personalized and friendly services to its customers. With an expanding client base, the Company provides the best exchange rates to the customers as a part of the excellent service and instant credit to their accounts, which helps the clients to make the most out of their funds. The Company upholds the value of conducting the business in an atmosphere of transparency, fairness, and mutual trust.
Are there any restrictions in sending high value transactions?
No. However, you are required to produce source of income if the value of remittance is AED 55,000/ or more.