Swaid & Sons for Exchange CO.

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

Swaid and Sons Exchange Company aspires to achieve leadership and continuity of excellence in the banking field, by providing the best financial and banking services, which is based on customer satisfaction in the local and foreign market, as we always aim to challenge temporal and spatial difficulties by achieving what we aspire to and continuing our mission in the best way. As our passion is to be in the front ranks in the banking field.

Our success stems from the satisfaction of our customers with our provided banking services, so we set clear and specific goals in mind, so the focus has been on qualifying and training human cadres at all administrative levels in the company. God willing.

Believing that technologies have become necessary and inevitable, the company has sought to use the latest advanced technologies and available programs, and we have worked to spread and expand to meet the needs of our valued customers in line with their aspirations for high-end and affordable services that facilitate their business and daily life.

; Every employee in the company strives to rise to the highest standards of professionalism in work and achievement, as it was able through that to develop expansion plans and implement them through continuous development work in order to provide the best types of services to its esteemed clients.

Not only that, the proper planning and the distinguished implementation of all production elements has been the main credit for the success of the company's business, as it provides the efficient human element and standing side by side with practical experiences is the most important policy pursued by the company in order to provide the best banking services..the combination of the two scientific methods And the practical, with the long experience of the company, made it achieve the high position in the banking market, which we strive to maintain and cannot be waived under any circumstances.

Executive Manager

Abdul Rahman Al-Ansi