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عدن تايم
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عدن تايم

2026-11-01T19:43:11.000Z

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Exchange Firms Face License Suspensions

Exchange Firms Face License Suspensions

Central Bank Governor Ahmed Ahmed Ghaleb issued Decision No. 21 of 2026, suspending the licenses of non-compliant exchange companies and businesses and a remittance agent, and ordering their premises closed. The decision was based on a field inspection report by the Banking Supervision Sector. It covered the companies Mohsen Al-Khadar, Al-Awadhi, Abdulrahman Zabin, Bin Aqil, Pure Money, Bin Amin Ghannam and Sinan; the businesses Al-Wuhaib and Al-Harazi; and remittance agent Adel Al-Ashwal.

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