LuLu Exchange opens milestone 25th branch in Kuwait
Sunday, December 27, 2020
LuLu Exchange, Kuwait’s leading financial services provider opened its 25th branch in the country, at Fahaheel on Thursday. The branch, which is located at Al Hashan Complex, was inaugurated by H.E. Sibi George, the Indian Ambassador to Kuwait, in an online function attended by Mr. M.A. Yusuff Ali, Chairman and Managing Director of LuLu Group International, and Mr. Adeeb Ahamed, Managing Director of LuLu Financial Group.
The opening marks the company’s third branch in the Fahaheel region, further strengthening LuLu Exchange’s strong network of branches across the country.
Congratulating the team on the launch of their milestone branch, H.E. Sibi George said, “The opening of the new branch is a signal to the economy and the larger expatriate community that 2021 will be the year of recovery.”
Acknowledging the contribution of LuLu Financial Group in improving business relations between Kuwait and India, especially in the fintech sector, Mr. George added, “The success of the company marks India’s remarkable story of rapid digital transformation in the current Industrial 4.0 revolution, in which fintech plays a huge part. I’m confident that the 25th branch will contribute to providing seamless cross-border financial services to the diaspora of Kuwait.”
Speaking on the occasion, Mr. M.A. Yusuff Ali, Chairman and Managing Director of LuLu Group International said, “LuLu Exchange remains committed to building a strategic network across Kuwait, to provide state-of-the-art financial services to the people of this great nation. Fahaheel is one of the most commercially active areas in Kuwait and having another branch here will enable us to enhance our capabilities and commitment to the area.”
The new branch also marks the 222nd Global Branch of LuLu Financial Group and Mr. Adeeb Ahamed, Managing Director of the Group, congratulated the team for ensuring minimal disruption of services and staying committed to roll out innovative financial solutions, in line with evolving market dynamics.
“It is remarkable of the entire team to achieve such a significant milestone in this very challenging year. Our expansion reflects our commitment to design the world’s most reliable, seamless and accessible financial journeys, to improve the lives of people in Kuwait. We are confident of long and short-term economic indicators of the country and have put technology and innovation at the heart of all things new, to bridge the gap between our customers and our service offerings.”
LuLu Exchange was recently recognized as a ‘Best Employer’ in Kuwait, as part of an internal employee engagement survey conducted by global audit firm EY.
The company presently provides remittances, currency exchange and value-added services in a timely, transparent and reliable manner through its network of branches and mobile payments app, LuLu Money.
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