> You are here: Home | Mawarid Group | Group Companies

Group Companies

Mawarid Exchange LLC (UAE)

Mawarid Exchange is a shariah compliant Money exchange company, which is a wholly owned subsidiary of Mawarid. Considered as the first Shariah Compliant exchange house in the region, Mawarid acquired 90% stake in H&A Exchange in 2012 which was subsequently renamed as Mawarid Exchange in 2013.Mawarid Exchange has branches across the UAE. Mawarid Exchange offers diverse Sharia compliant products and services such as money exchanges, buying and selling of travelers’ cheques, remittance services in local and foreign currencies, sale and distribution services for financial instruments such as National Bonds and other permitted activities compliant services. For more details on the company and its products and services, please visit http://mawaridexchange.ae

Mawarid Securities LLC (UAE)

Mawarid Securities is a Shariah compliant financial intermediary based in Dubai, United Arab Emirates. Mawarid Securities offers customers the opportunity to invest in Shariah compliant stocks listed on Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX). The company’s long term plan is to widen the reach within the GCC region and offer Shariah compliant investment opportunities to Mawarid’s customers through various stock markets across the region. For more details on the company and its products and services, please visit http://mawaridsecurities.ae

Mawarid Consultancy LLC (UAE)

Mawarid Consultancy is a wholly owned subsidiary of Mawarid Finance established in 2009. Mawarid Consultancy is a ‘one-stop-shop’ consultancy for Islamic Banking and Takaful. Mawarid Consultancy specializes in designing Islamic products & services and implementing seamless Islamic operations for startup companies and established organizations. Mawarid Consultancy aims to establish a wide client network base in the region through providing distinct operational services, business and technical consultation in the region through a combination of robust delivery process, people and technology. For more details on the company and its products and services, please visit http://mawaridconsultancy.ae

Dar Al Takaful PJSC (UAE)

Dar Al Takaful is a UAE based Takaful and reTakaful operator, listed in the DFM in 2008 with of a paid up capital of AED 100 million. Mawarid Finance owns a stake in Dar Al Takaful and was also instrumental in company incorporation and listing in Dubai Financial Market. Dar Al Takafuls’ coverage includes automobile, property, fire, ship and shipping, work risk, personal accident, engineering, construction, accident, civil liability, travel and health insurance. For more details on the company and its products and services, please visit http://www.dat.ae/


Technical Art Concepts (TACME) LLC

Technical Art Concepts (TACME) LLC is a leading UAE based technology service provider delivering business solutions and comprehensive IT infrastructure to its clients across the Middle East and North Africa. The company offers proprietary software as well as fully integrated solutions relating to mobility, digital signage, identity, content and document management and BPM. To date, it has served more than 100 public and private enterprises across the GCC region; specifically, its solutions have been instrumental in building the kiosk, mobile and online government platforms of the United Arab Emirates. Over its 15-year history, TACME has established long term partnerships with blue-chip names of the IT industry which include: Oracle, Microsoft, Ultimus, Friendlyway, Appcelerator and Zebra. Mawarid Finance holds a majority stake in the company. For more details on TACME and its products and services, please visit http://www.tacme.com

Plus International Medical Center LLC (UAE)

Plus International Medical Center LLC is an operator of long term healthcare facilities founded by an experienced team of German healthcare professionals. The company will soon open a state of the art medical facility of 50 patient rooms and 6 double bed pediatric rooms facility located in a residential area on the main island of Abu Dhabi. This facility will aim at providing better healthcare and standards of living to the 600 to 700 long-term critical care (LTCC) Emirati patients currently staying in Abu Dhabi hospitals. The Facility comprises of four purpose built luxury villas in a close setting, all interconnected, with perfectly manicured lush green gardens with walking spaces with plenty of trees offering a community environment. Mawarid Finance holds a 70% stake in the company, acquired in 2014

QuickNet LLC (UAE)

Quick Net LLC (“QuickNet”) was established in June 2012 through the joint collaboration of Mawarid Finance and Al Soor Investments as a card payment system processor. QuickNet is envisaged to act as a payment services platform and support Mawarid’s card issuance and payment processing operations. The positioning of QuickNet will be that of a processor on the conventional hosting and managed services model for banks and financial Institutions with a focus on the card segment and non-card segments.  QuickNet has commenced tapping the prepaid card market and will gradually grow into a complete payment solution provider in the coming years

Al-Raya for Foodstuff Company (KSA)

Based in Jeddah, Al-Raya for Foodstuff Company Ltd operates a fast-growing chain of 30 supermarkets under the brand name “Al-Raya” and continues to expand its operations by opening c. 4-5 new branches every year since 2011. Al Raya has a leading position and strong brand amongst the mid to lower middle class Saudi and Arab demographics. Al Raya outlets operate 24/7 and serve c. 50,000 clients a day with nearly 35,000 food and non-food products which are displayed across a typical store size of c. 2,000 sqm retail area. Products include fruits, vegetables, meat, dairy, health and beauty aids, bakery products, electronics and household products, and jewelry and women’s accessories. Al Raya complies with principles of Sharia’a and does not offer non-Sharia’a approved products such as tobacco and cigarettes. Mawarid owns a 15% stake in Al-Raya. For more information about Al-Raya, please visit http://www.alraya.com.sa

Etisalat Misr (Egypt)

Etisalat Egypt is a subsidiary of Etisalat Group and the first 3.5G network operator in Egypt. Moreover, Etisalat Egypt is the first and the only operator in the country that has an exclusive international gateway. In order to complete Etisalat Egypt’s product portfolio, two well-established ISPs (Internet Service Providers) were acquired and provide broadband services. Mawarid holds 1.00% of the share capital which were acquired in April 2008. For more information, please visit http://www.etisalat.eg

Panco (Turkey)

Founded in 1978 as a wholesaler of childrenswear, Panço (pronounced “Pan-cho”) opened its first retail shop in 1984 in Istanbul and is now the largest childrenswear specialist retailer in Turkey by store count. With over 35 years of childrenswear design, production and retail experience, Panço’s product design and quality is highly-regarded. Panço’s range of more than 2,000 products can be found in 27 countries through its fast expanding network of 96 stores and 300 retail points. For more information, please visit https://www.panco.com.tr

Real Estate (UAE)

Mawarid holds a large real estate portfolio comprising of: § A well-diversified portfolio of office and residential units scattered across the Emirate of Dubai § A 23-story residential tower under construction in the Al Mankhool area of Dubai § An office and hotel complex under construction in the Al Jaddaf area of Dubai § A four building medical facility under construction on the main island of Abu Dhabi