Company Profile

Fayed Exchange Company (FEC) is a family-based business established in the 1950's. It commenced as a small business based in Beirut Souks, trading with local banknotes and then through the years it developed and evolved to become what it is today.

Our institution is one of the leading companies in Lebanon in the domain of Forex Trading; ranked in top levels. Fayed Exchange is a joint Liability Partnership dealing with the sale and purchase of all foreign currencies and precious metals. The company’s customer base is spread all throughout the country catering to banks and corporate needs.

Fayed Exchange Company’s general office is located in Hamra, Fayed Building. Our company utilizes centralization in its organizational structure with a team of diversified personals. Their attributes vary with educational background and years of experience in their relative fields of work.

Our way of work is based on trust, respect, honesty, commitment, punctuality and customized service. This approach in deals has aided us in satisfying all obligations and commitments, distinguished our reputation, developed our historical brand name in FX trading, wholesale and gold, lead to the expansion of our cliental base.

With continued learning and evolving, FEC stays competitive in today’s global economy. FEC does not seek to replace but rather complement existing domestic banking relationships. Our top priority is to develop a long term mutually beneficial relationship with each of our clients.

Unrivaled Service

Easily accessible by phone or email, a staff member is available to answer questions and provide exchange rates. Each corporate client is imperative and will receive unparalleled services which help with meeting their needs.
At Fayed Exchange each client is unique with distinct needs thus we strive to tailor your service so that all transactions are customized smooth and efficient. We at Fayed Exchange aim to fulfill all banknote requirements in the Lebanese market.

Consistent and Competitive Exchange Rates

FEC provides clients with fair and competitive exchange rates to cater for wholesale and retails banknote needs.

Security

Our company’s process is built on a solid foundation of security and protection of all confidential clientele information.

Compliance and Due Diligence

Fayed Exchange Company is held to the same high standards and rigorous scrutiny as banks and financial institutions in Lebanon. We are examined by the Lebanese Central Bank on a regular basis to ensure adherence to strict anti-money laundering and financial requirements, where we are required to maintain a robust compliance program designed to protect our clients' interests in accordance with FATF regulations. Due diligence from KYCs, CTS and enhanced due diligence measures are implemented depending on clients’ business nature and transaction activity and volatility. Risk assessment pillars are embedded in day-to-day operations and customary compliance checks.

Efficiency

Assistance and efficiency describe FEC. We offer a convenient platform for all international and internal transactions. Deal executions are as easy as a phone call or email. 

Integrity, honesty and reliability

Commitment, passion, trust and respect for our clients, customers and society at large

Relentless accomplishments to add value to our customers and clients to constantly improve our services to become a leading financial firm

Continuity, growth and change

Dedication to adhere and adopt a continuous learning organization

Our Vision is to prevail in Foreign Exchange Deals and wholesale banknotes in the Arab Region and aspire to become an acknowledged world class organization driven by knowledge, integrity, inspiration and growth.

• Fayed Exchange Company is a commercial institution joint liability partnership registered at the commercial register in Beirut on 14 June 1988, Registration No. 54155, official listing of Exchange Firms under No. 18.

  ·       Privately owned company established in the late 1940’s and was incorporated in Lebanon by the Lebanese Government under Trading Acts 26 and 49 of 1988 and by the Central Bank of Lebanon as a Licensed Exchange Firm on March 16, 1988 under Foreign Exchange Law 42/87 as Joint Liability Partnership.

  ·       Abide by recent decrees Fayed Exchange Company was authorized to trade in Foreign Exchange, Precious Metals, Gold, Checks and Transfers under the modified Banking Act: Art 3 of law No 347 dated August 6, 2001. 

  ·       Partners/Owners: Mahmoud Abdel Rahman Fayed, Mohamed Abdel Rahman Fayed, and Abdel Rahman Mahmoud Fayed    

  ·      Capital: Equivalent to 3 Million US Dollars

  ·       Main Office: Hamra, Makdessi Street, Fayed Building, plot 2268/Ras Beirut