Bahrain Exchange Company W.L.L. (BEC)

Bahrain Exchange Company W.L.L. (BEC) is a prominent player in the financial services industry in Kuwait, offering a range of services including money transfer and currency exchange. Established in 1992, BEC has built a strong reputation for its fast and reliable international money transfer services and competitive currency exchange rates. The company boasts a retail network of over 60 branches in Kuwait and an extensive agent network of 55,000+ locations spanning across 40 countries. BEC's services such as EzRemit and MoneyGram enable customers to send money within minutes for cash collection or directly to a bank account. Moreover, the company offers commission-free exchanges for over 40 currencies, attracting customers seeking favorable rates. With a strong emphasis on customer satisfaction and convenience, BEC has positioned itself as a leading money transfer and currency exchange company in the State of Kuwait. Currently, there is no publicly available information about BEC's last investment or the identity of the investors involved. This may indicate that the company is focusing on organic growth or may not have actively sought external investments recently.