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NEC Money Exchange, under the strategic guidance of CEO and director Fuad Nonoo, stands on a three-decade legacy of innovation, trust, and community commitment.
Mr Nonoo, whose early career was shaped by the family’s established gold and exchange business, fundamentally moulded NEC into the trusted financial partner it is today.
The journey began in 1993 as Nonoo Exchange Company, registered with the Ministry of Industry and Commerce and approved by the Central Bank of Bahrain (CBB). Crucially, it became the kingdom’s first Western Union agent, pioneering the global remittance business in the Middle East.
Reflecting its growth, the company transitioned its legal status in 2010 to a BSC Closed (Bahrain Stock Company).
This corporate maturity was cemented in 2014 with the official rebranding to NEC and the unveiling of its vibrant, modern identity.
NEC’s core vision – to be the most trusted, technologically advanced, and seamless financial exchange partner – is driven by Mr Nonoo’s passion for technology. This focus has evolved the company from simple personal remittance to sophisticated wholesale, corporate, and cutting-edge online services, effectively bridging the distance between individuals and corporations globally.
The company’s mission is to empower every customer with reliable, accessible, and innovative financial solutions. This unique, family-style leadership, guided by the motto ‘It’s not just business. It’s by family, for family,’ ensures that Mr Nonoo’s personal values of trust and excellence benefit both staff and clientele, cementing NEC’s place as the community’s partner of choice in Bahrain.
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