Emirates Post acquires rest of Wall Street Exchange
12 Feb 2012
DUBAI -- Emirates Post Group Holding has acquired the remaining 40 per cent shareholding in Wall Street Exchange Centre, one of UAE's largest and oldest foreign exchange and money transfer companies. The acquisition covers Wall Street Exchange UAE, Wall Street Exchange Hong Kong, Wall Street Exchange United Kingdom and Instant Cash. The Wall Street Group has 35 branches worldwide, including 24 in the UAE. The 40 per cent shares were earlier held by Asgar Shakoor Patel, the founder of the company.
"Emirates Post Group is pleased to announce that Wall Street Exchange is now a fully owned subsidiary of the group," said Fahad Al Hosani, acting president of Emirates Post and chairman of Wall Street Exchange.
"We are confident that the full ownership of Wall Street Exchange will help us lead the company to new heights by taking bold and innovative steps to compete in a crowded marketplace."
12 Feb 2012
DUBAI -- Emirates Post Group Holding has acquired the remaining 40 per cent shareholding in Wall Street Exchange Centre, one of UAE's largest and oldest foreign exchange and money transfer companies. The acquisition covers Wall Street Exchange UAE, Wall Street Exchange Hong Kong, Wall Street Exchange United Kingdom and Instant Cash. The Wall Street Group has 35 branches worldwide, including 24 in the UAE. The 40 per cent shares were earlier held by Asgar Shakoor Patel, the founder of the company.
"Emirates Post Group is pleased to announce that Wall Street Exchange is now a fully owned subsidiary of the group," said Fahad Al Hosani, acting president of Emirates Post and chairman of Wall Street Exchange.
"We are confident that the full ownership of Wall Street Exchange will help us lead the company to new heights by taking bold and innovative steps to compete in a crowded marketplace."
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