Dubai: Majid Al Futtaim Exchange, a money exchange house, on Wednesday announced that the Central bank has permitted the closure of its business. The exchange house was closed down last year, according to a company spokesperson.
In a newspaper advertisement that appeared on Wednesday, the exchange house stated: “Based on our request, the Central Bank of the UAE has permitted the closure of the business of Majid Al Futtaim Exchange House and liquidate the exchange house by the liquidation committee appointed by the central bank.”
The announcement, however, did not specify the reason for the exit. The Central Bank is in the process of assessing the claims against the exchange house to complete the liquidation process. The exchange house called on all stakeholders including remitters and beneficiaries raise their claims, if any with the Central Bank.
“We hereby advise all parties who have claims of any type or nature must include the complete details of the type/nature of the relationship/dealing with the exchange house, the amount of claim in UAE dirhams and must be accompanied by original supporting documents to facilitate the calculation of claims,” the company notice said.
The company has urged all concerned to submit their claims within 45 days from May 28, 2018.
