MUSANDAM EXCHANGE was established with its Head Quarters at Ruwi, Sultanate of Oman during 1982. The Company is registered with the Ministry of Commerce and Industry as a sole proprietorship concern belonging to MR. MOHAMMED SULAIMAN AL THEHLI and has been licensed by CENTRAL BANK OF OMAN to conduct draft issuance and sale and purchase of foreign currencies. Musandam Exchange is managed by CANARA BANK, one of the leading Public Sector Banks in India, under Management Service Contract since 1984. Executives/ Managers from CANARA BANK manages the Company on professional lines. Musandam Exchange is one of the largest Exchange Cos. in the Sultanate of Oman with turnover of USD 750 Million and annual remittances of above 600000. Company has carved a niche in the market with a strong brand equity and reputation for excellence and professionalism in service with personal touch and care for the customer. The company is engaged in outward remittances of funds of expatriates to various countries, VIZ. India, Pakistan, Bangladesh, Sri Lanka, Egypt, UK, etc. The company at present has 13 branches including their Head Office at Ruwi, Seeb, Barka, Nizwa, Samail, Bahla, Ibri, Sinaw, Sur, Bani Bu Hassan, Al Amirat, Duqum, Funja.