Forbes Middle East’s list of the top exchange houses in the region has been revealed, with Al Ansari and LuLu Exchange bagging top honors. The methodology used for the listing, includes average monthly remittances, number of branches, services offered, geographical expansion, and recent innovations, among others.

The companies on the list represent six countries across the Middle East and some of them have expanded and opened offices or branches in foreign countries. The listed exchange houses help a large section of the labor force in the region, many of whom do not have bank accounts in either the Middle East or their home countries. To view the complete list click on the below links:

Other prominent exchange houses in the list include Bahrain Financing Company, Al Fardan Exchange, and Al Mulla International Exchange.

Home to over 300 exchange houses, the Middle East is a hub of the migrant economy, with the top five economies alone contributing to over $100 billion of remittance outflows last year. Exchange houses have traditionally played a huge role in supporting the need of expats to send money home, by offering a better exchange rate than banks, and through qualitative services made possible by the presence of kiosks and branches in malls and tourist destinations.

Apart from traditional services, some of the exchange houses on the list also offer value-added services such as payroll services, travel cards, and other financial products.

Full List of Top Exchange Houses In The Middle East

Image	Rank	Exchange	Country	Establishment	Number of branches
	1	Al Ansari Exchange	UAE	1966	200
	2	Lulu Exchange	UAE	2008	220
	3	BFC Group Holdings	Bahrain	1917	130
	4	Al Fardan Exchange	UAE	1971	67
	5	Al Mulla International Exchange Co.	Kuwait	2001	115
	6	Joy Alukkas Exchange	UAE	2006	56
	7	Al Rostamani Exchange	UAE	1979	31
	8	Almuzaini Exchange Company	Kuwait	1942	105
	9	Orient Exchange	UAE	1923	27
	10	Al Ghurair Exchange	UAE	1976	29
	11	Alawneh Exchange	Jordan	1966	39
	12	Wall Street Exchange	UAE	1982	27
	13	Sharaf Exchange	UAE	1996	32
	14	Alfardan Exchange	Qatar	1971	10
	15	Global Money Exchange Co.	Oman	2002	53
	16	Abu Sheikha Exchange	Jordan	1994	17
	17	Hamdan Exchange	Oman	1990	26
	18	GCC Exchange	UAE	2002	10
	19	Purshottam Kanji Exchange Co	Oman	1983	21
	20	National Finance & Exchange Co.	Bahrain	2001	38

English: https://www.forbesmiddleeast.com/list/exchange-houses-in-the-middle-east

Arabic: https://www.forbesmiddleeast.com/ar/list/exchange-houses-in-the-middle-east-arabic