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- Osama Al Rahma takes up advisory role to the Board of Directors
Dubai: Al Fardan Exchange, the leading exchange brand in the UAE, today announced that its Board of Directors has appointed Hasan Fardan Al Fardan as its CEO with immediate effect, succeeding Osama Al Rahma who will be taking up a position as an advisor.
These leadership appointments are part of the company’s strategic realignment toward its future business plans. The company is already well underway to bolster its offerings and provide a seamless omnichannel customer experience.
“This is the right time to pass the baton to the next generation of leadership, given the continued success of our business and to enable it to be more responsive to the ever-changing dynamics of our industry,” said Fardan Hassan Al Fardan, the Chairman of Al Fardan Group. “We are honoured to have had Osama Al Rahma as our CEO for nearly 3 decades, and the organisation has grown from a few branches to being one of the top financial services companies in the UAE with a 65+ branch network under his leadership. He has laid the foundation for continued success and Hasan is the right leader to take us forward. His deep expertise in business, information technology and corporate best practices is just what we need to capitalise on the many opportunities the future holds.”
Hasan has been with Al Fardan Exchange since 2017 and was involved in multiple roles across various departments in the company, including heading up the governance restructuring team. He comes with many years of experience working across a number of business segments with a focus on finance and investments.
Prior to joining Al Fardan Exchange, he held multiple roles with the Abu Dhabi Investment Authority (ADIA) and took the lead on numerous investments across different geographic jurisdictions. He holds a bachelor’s degree in Finance from Richmond and a master’s in real estate finance and investment from the University of Reading, Henley Business School, both in the UK.
“I am excited about what lies ahead for Al Fardan Exchange and our new leadership team. As we celebrate our golden jubilee next year we aspire to grow regionally and globally to provide customer centric solutions based on a robust bedrock of an ethnically diverse workforce, financial discipline and an advanced compliance framework. The current pandemic has accentuated the need to have multiple touchpoints to serve our customers. We have embarked on a digital transformation of the business which will encompass segments like cross border payments, forex solutions and value-added services” said Hasan Al Fardan.
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About Al Fardan Exchange
Al Fardan Exchange is one of the oldest and leading remittance and foreign exchange companies in the UAE. Established in 1971, Al Fardan Exchange has had the unique opportunity of playing a part in supporting communities who have helped build this nation, by helping them bring life to their own dreams – both here and in their home countries.
Today, Al Fardan Exchange proudly serves the UAE’s cosmopolitan community through its 65+ strong network, spanning all Emirates. Al Fardan Exchanges network is also supported by strong relationships with over 150 global corresponding banks, financial institutions, and other financial service providers, Al Fardan Exchange offers secure transactions that place reliability and trust to the forefront.
The brand offers a comprehensive suite of products and services including cross border payments, forex solutions, value added services and wealth management products. Its omnichannel approach ensures convenience for the customer and seamless service delivery.
As a pioneer and market leader in the UAE, Al Fardan Exchange understands that dreams are realised when they are driven by trust. That is why the organisation goes beyond just executing a transaction, and is focused on “Delivering Happiness, Transforming Lives” – a promise that’s captured in the essence of the brand and its operations.
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© Press Release 2020
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