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About Us

NEC is one of the leading money exchange companies in the Kingdom of Bahrain. With a branch network of 15 locations covering all major commercial and residential areas, and a multi-national team of 150 experienced staff, we provide excellence in customer service and add value to businesses and individuals from all walks of life.

The portfolio of services we offer includes: global remittance via Western Union and our own NEC Remit service; foreign exchange; wholesale bank note trading; and innovative prepaid card and mobile payment services. NEC is mature, established and poised for significant growth beyond the borders of Bahrain.

Our future growth plans are supported by the strength of our international banking relationships. With bank partners and correspondents across the globe; NEC is the preferred choice for global bank remittance, with a particular focus on the Bahrain to South Asia corridors.

Mission, Vision and Values

NEC shall deliverable profitable growth and lead the market by: promoting satisfaction through excellence in customer service; increasing its customer base through controlled geographical expansion; and diversifying the range of products and services that it offers through innovation and strategic vision.

To promote an inclusive, creative and welcoming multi-cultural workplace, proud to offer quality services to customers from all nationalities and walks and life. To be accountable for every service that we provide to every customer regardless of the size of the transaction. To grow a network of international banking and corporate relationships founded upon trust and compliance. To develop and implement an innovative technology solution to make our services accessible and simple to use for all of our customers.

History

NEC began its operations in 1993 as Nonoo Exchange Company when it was registered with MOIC and approved by Central Bank of Bahrain as a Money Changer. As the first agent of Western Union in the Kingdom of Bahrain it was one of the pioneers of the global remittance business in the Middle East.

In 2010 Nonoo Exchange Company changed its legal status from S.P (Sole Proprietor) to B.S.C. Closed (Bahrain Stock Company) to reflect its growth into respected and mature business. Corporate development was further continued in 2014 when the company rebranded as NEC and unveiled its new vibrant corporate identity.

Board

  • Mr. Dawood Nonoo
    Mr. Dawood NonooChairman

     

    Born on 1st January 1928, Dawood Nonoo is a visionary businessman and a well known leader in the Bahrain financial services industry. Professional, creative and thinking ahead of time, Dawood founded Nonoo Exchange Company with the vision to introduce modern technology into the money exchange industry.

    • Mr. Fuad Nonoo
      Mr. Fuad NonooManaging Director

      Continuing his father’s legacy, and by introducing new innovative and market leading products, Fuad Nonoo has delivered growth and lead the company to break new boundaries. His experience in the financial services industry is extensive and his energy and vitality in the pursuit of new opportunities is an inspiration to the entire NEC team.

      Dawood and Fuad are joined on the board of NEC by Fuad’s 2 brothers Yusuf and Ebrahim.

      Management Team

      Joseph Motha Finance Director
      Adel Al Hussaini Head of Wholesale 
      Binoy Simon Varghese Manager Operations 
      Mohamad Noman Faiz Group Manager Human Resource 
      Mujtaba Habib Group Manager Internal Audit 
      Sujailal K Sukumaran Manager Business Development
      Boby Anthony Manager AML & Systems 
      Sathyan Pola Manager Relationship
      Sharath Chandran Head of Retail Sales, Marketing & Business Development

      Our Partners

      Contact Us

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