The company was incorporated as an exchange house on November 15, 2003 under the name of AL JAZEERA EXCHANGE. The Exchange started its business operations on January 17, 2004. It was organized to provide remittance services such as credit to bank accounts, door to door services and bank drafts, corporate funding and business financing are also administered. In addition, the exchange house is licensed to engage with foreign currency exchange to expatriates whom in regular are the most customers exposed in the trading.