From humble beginnings to market leader: Having a rich heritage that stretches back to the mid-19th century, Orient Exchange Co.(L.L.C.) has its origins deeply rooted in an era marked by robust trade activity under our precursor entity, the Arabian Trading Agency Group. Established during the 1850s, this parent organization was engaged in commerce across various sectors including foodstuffs and construction materials. However, it was predominantly recognized for its flourishing pearl trade within the emirates of Sharjah and Dubai. Notably, transactions were conducted using a barter system, a prevalent commercial practice of that period.
Despite shifts in commercial practices over time, our enterprise has steadfastly upheld core principles such as ethical conduct, customer-centric approaches, responsiveness to market dynamics—all contributing to sustained success and prestige.
Entering the 20th century witnessed a paradigm shift with pearls’ diminishing prominence and burgeoning demand for gold alongside vintage jewellery pieces. In alignment with these market trends and consumer preferences during 1920s, our company ventured into bullion trade by procuring vintage gold jewellery items for subsequent re-exportation as refined bars globally.
The surging demand for gold catalyzed partnerships with esteemed international financial institutions including Credit Suisse, UBS (Union Bank of Switzerland), Swiss Bank Corporation, Samuel Montagu and Jonson Mathew facilitating gold bullion imports to meet local market demands as well as those from the Middle Eastern North Africa (MENA) region.
During this era characterized by circulation of imperial Indian Rupees within the UAE, there emerged an exigent need for foreign currency exchange services a niche unaddressed by any banking or financial institution within the UAE at that time. This gap led to the inception of our dedicated foreign exchange venture in 1923 now operating under the name Orient Exchange Co.(L.L.C.).
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