New board members of Foreign Exchange and Remittance Group elected

The newly formed Committee elected the Office Bearers of FERG in their meeting held on 26th January 2013.

Mr. Osama Al Rahma, General Manager, Al Fardan Exchange was elected as the Chairman of FERG for the term: 2013-2014 and Mr. Sudhir Shetty, COO, UAE Exchange was elected as the Vice Chairman.

Other office bearers are Mr. Adeeb Ahamed, Lulu Exchange, as Treasurer, Mr. V. S. Thampi, Al Ahalia Money Exchange Bureau as Joint Treasurer, Mr. Rajiv Raipancholia - Orient Exchange, as Secretary.

Mr. Mohammad Al Ansari, Chairman, Al Ansari Exchange and outgoing Chairman of FERG congratulated the new office bearers and also assured them of full support.

The new Chairman, Mr. Osama Al Rahma and all office bearers thanked Mr. Mohammad Al Ansari for his vision and leadership throughout the past 4 years, as also during the formative years since 2003 in making FERG a strong and united body and its various achievements. The new board agreed to announce Mr. Mohammad Al Ansari as the Founding Chairman of FERG.

The new chairman, Mr Osama Al Rahma, emphasized, "He will further strengthen FERG and makes it a vibrant forum for the benefit of the entire exchange industry not only in the UAE, but also a beacon for others to follow in this Region. He assured that he will focus on providing a conducive business environment for the exchange companies in the UAE by improving quality and performance standards."