Amal Express
Encyclopedia
The AMAL Express is the second largest money remittance company in Somalia
. The company has worldwide network of associate companies and agencies. AMAL EXPRESS, was found in 1997 from the joining of 13 individual money remittance firms.
The AMAL Express is based in Dubai
, UAE. The many fields it currently engages in include money transfer, informal banking in Somalia, Forex Bureaus, and Real Estate
. The parent company of Amal Express is AMAL Group which consists of the holding company, AGC, and many wholly owned companies and subsidiaries, including AMAL Express General Trading in Dubai (HQ), AMAL Express SARL in Djibouti
, AMAL Money Wire and AMAL USA Inc. The company has 650 agencies worldwide more than half of these being in Somalia. The company also employes over a thousand employees.
The Company along with other companies in the industry remains to be lifeline for millions of Somalis in Somalia and in refugee camps, all of who are dependent on their relatives in the Diaspora for their livelihood.
Somalia
Somalia , officially the Somali Republic and formerly known as the Somali Democratic Republic under Socialist rule, is a country located in the Horn of Africa. Since the outbreak of the Somali Civil War in 1991 there has been no central government control over most of the country's territory...
. The company has worldwide network of associate companies and agencies. AMAL EXPRESS, was found in 1997 from the joining of 13 individual money remittance firms.
The AMAL Express is based in Dubai
Dubai
Dubai is a city and emirate in the United Arab Emirates . The emirate is located south of the Persian Gulf on the Arabian Peninsula and has the largest population with the second-largest land territory by area of all the emirates, after Abu Dhabi...
, UAE. The many fields it currently engages in include money transfer, informal banking in Somalia, Forex Bureaus, and Real Estate
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
. The parent company of Amal Express is AMAL Group which consists of the holding company, AGC, and many wholly owned companies and subsidiaries, including AMAL Express General Trading in Dubai (HQ), AMAL Express SARL in Djibouti
Djibouti
Djibouti , officially the Republic of Djibouti , is a country in the Horn of Africa. It is bordered by Eritrea in the north, Ethiopia in the west and south, and Somalia in the southeast. The remainder of the border is formed by the Red Sea and the Gulf of Aden at the east...
, AMAL Money Wire and AMAL USA Inc. The company has 650 agencies worldwide more than half of these being in Somalia. The company also employes over a thousand employees.
The Company along with other companies in the industry remains to be lifeline for millions of Somalis in Somalia and in refugee camps, all of who are dependent on their relatives in the Diaspora for their livelihood.