Chairman 's speech

There is a big difference between yesterday and today, since the establishment of the SWAID Exchange in 1990, as an extension of the family of SWAID, which has been known  in the field of business in Yemen for decades. Today, SWAID Exchange Co. is one of the pillars of the capital market and exchange in Yemen with the same principles that we started with, which will be the basis of our dealings that will stay what we have stayed.  And as a part of this world we had to keep abreast of recent developments in the financial and banking field in particular, this what distinguishes us and makes us always at the forefront of the banking market in Yemen.

For being in the forefront as a biggest exchanges co. in Yemen, and due to the developments and challenges of today, the General Assembly has taken a brave decision in terms of governance of the company in accordance with the latest administrative  methods and instructions of the Central Bank of Yemen. And due to this decision, the Board of Directors has taken many necessary steps for implementation, as using Moore Stephens  Company , which is of the largest international consulting companies to restructure the company according to the latest methods and best practices to achieve real and effective governance, and a working style not less than the best companies in the region.

The Board of Directors sets priorities to upgrade the working methods and update all policies and objectives, and this was crystallize in the company's strategic plan 2018-2023. In this regard, the company has enlisted and attracted the best Yemeni Staff with a unique practical and administrative experience who currently handle the executive management of the company.

We, in the Board of Directors of the Swaid & Sons for Exchange Company, seek to provide a unique Yemeni model to be follow, and strongly believe that what we do in the development and modernization of the methods of work will be reflect positively in strengthening of our market position locally and regionally.

As a key for implementing all operations in the company. the Board of the company issued a statement of  combating  money laundering and terrorism financing , and paying a great attention  to the policy of combating money laundering and terrorism financing . Our company is committed to reviewing our anti-money laundering strategy and objectives continuously with keeping of an effective anti-money laundering program. As well as we are also committed to the highest standards of compliance with AML / CFT.

Despite the difficult circumstances of the country, we have been and still are at the challenge level. As we have contributed, continue to contribute to building a stable economy with supply and demand tools and in line with the trends of the global economy, and we will not forget our social responsibility through real programs that help Yemenis and sustainable development.

We hope that our services will reach every Yemeni locally and abroad. This stems from our belief that the Yemeni citizen is the real capital at home or abroad.

We grew up at our country and we are living   in country in good and bad.

Mohammed Luttf Swaid

Board of Directors Chairman

Executive Manager Speech

Since the first day of my appointment as an executive manager of Swaid & Sons for Exchange Co.  I assume the responsibility of changing the management's style and the business of exchange companies in Yemen to be transferred  from the framework of being managed by their owners  to the concept of separating management from ownership and their governance.

We are proud of Swaid & Sons Exchange Co. to be the first company, within the Yemeni exchange companies, that work according to the real governance system and the best practices. By this responsibility has added huge burdens on the executive management team to create a typical work and to make our company on the front of exchange companies in Yemen and the region.

We have implemented the outputs of the restructuring project through restructuring the company's organizational structure, updating all policies and procedures and developing information technology in accordance with the best international specifications. This is what our customers and agents the local and abroad have been touching. We also work to have the best Yemeni staff that have a scientific and practical experience in the financial, administrative and banking sector to be a great resource for human resources of the company, as well as we have prepared a training program in accordance with the training needs that are compatible with structuring the outputs and the requirements of growth and new developments in the company by the end of June 2018, we have implemented a 60 % of  the continued training program.

The management team at Swaid & Sons for Exchange Co. has great tasks to achieve and I am confident that the team is at the challenge level to fulfill our commitment to the Board of Directors, customers and agents at home and abroad by providing high quality banking services according to customer needs and market requirements using the best techniques in this field and through  qualified employees.

On behalf of myself and  the Executive Management Team, we are committed to our customers and agents that what is being developed at Swaid Company is  for providing them with the best quality services

Executive Manager

Fawaz Al-Dheeb

• Adhering to the best standards and practices for corporate governance.
• Offering high quality financial and banking services.
• Meet the needs of the customer and satisfy satisfaction.
• Using advanced technology and increasing the efficiency of operations
• Create a wide and diverse network of local and international relations.
• Rehabilitation and continuous training of human resources and job satisfaction.
• Increase market share and enhance the competitive position of the company.
• Raising the rate of return for partners

• Trust and commitment.
• Respect confidentiality of customer information.
• Excellence in banking services.
• Creativity and development in the capacity of human resources
• Community responsibility.