Established in 1997, City Exchange Co. L.L.C. is one of the major money exchanges in the United Arab Emirates specializing in remittance services. The Company is a member of Mustafa Sultan Enterprises group and all its offices are managed by Senior Officers on deputation from State Bank of Travancore, which is a major bank having its Head Office in Thiruvananthapuram, Kerala, India and one of the Associates of State Bank of India.

The company has been licensed by the Central Bank of the UAE for the following activities

• To conduct money-changing business as purchase and sale of foreign currencies in the form of bank notes, coins, and traveler's cheque.

• Handling of remittance business

The above mentioned activities include the carrying on of all activities as are related and ancillary thereto.