Al Mirqab Exchange Co

What Al Mirqab Exchange Co does

Al Mirqab Exchange Co is a privately held, for-profit financial services company headquartered in Ad Doha, Qatar, founded in 1998. The company operates in the foreign currency exchange, global money remittance, and payment services space, serving both retail and corporate customers. Its operating footprint is anchored in the Qatari market, with a web presence at almirqabexchange.com that — based on the verifiable source material — functions as a customer-facing channel for these transactional services.

The company's product set is described at the category level: foreign currency exchange, cross-border money remittance, and payment services. No further detail is available in the source data on product structure, supported corridors, pricing mechanics, or technology stack. There is no disclosed information on proprietary platforms, settlement infrastructure, technology vendors, mobile applications, or digital channel capabilities beyond the corporate website. The website source material available for this analysis returned only a loading/verification page rather than substantive product content, limiting technical depth assessment.

The business model is implied to be transaction-based, generating revenue from FX spread on currency exchange and fees on remittance and payment flows, consistent with industry norms for this category. No pricing models, transaction volume, customer counts, or revenue figures are disclosed in the available data. Similarly, no information is available on ownership structure, management team, headcount, funding history, or regulatory licensing status, despite the fact that Qatar Central Bank authorization would typically be required to operate an exchange and remittance business in the country.

Name

Al Mirqab Exchange Co

Website

https://almirqabexchange.com

Company type

Private

Founded year

1998

Headcount range

11–50 employees

Short description

Al Mirqab Exchange Co, founded in 1998 and headquartered in Doha, Qatar, provides foreign currency exchange, global money remittance, and payment services to retail and corporate customers in the Qatari market.

Ownership category

akta.pro rank

Product category

Foreign Exchange & Remittance Services

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231)

SIC

Finance Services (6199)

akta.pro primary industry

International Money Transfer Operators (MTOs) (FSAMAIAE)

akta.pro secondary industry

Cross-Border & FX Payments Platforms (BPAMAFAK)

Keywords

• Foreign currency exchange
• Money remittance services
• Cross-border payments
• Retail currency exchange
• Corporate FX services

Headquarters

HQ city

Ad Doha

HQ country

Qatar

HQ region

Middle East

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Core offering

Al Mirqab Exchange Co provides foreign currency exchange, global money remittance, and payment services. The company is a licensed money services business operating in Qatar, delivering FX conversion, cross-border transfer, and payment solutions to both retail walk-in customers and corporate clients from its base in Ad Doha.

Product overview

No product information available. The source page displayed only a verification/loading screen.

Differentiator

Problem solved

Functional benefit

Products and services

• Foreign Currency Exchange Buying and selling foreign currencies for retail and corporate customers in Qatar.
• Global Money Remittance Cross-border money transfer service that enables customers in Qatar to remit funds internationally.
• Payment Services Payment processing services for retail and corporate customers, supporting everyday and business payment needs.

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves1 record

Expansion highlights2 records

Broad incumbents

• MoneyGram: Global cross-border P2P payments and money transfer company with retail agent presence across the GCC. Competes with Al Mirqab on remittance corridors in the same retail and corporate customer segments.
• Western Union: Global leader in cross-border money movement with a large agent network in Qatar and the GCC. Overlaps with Al Mirqab's core retail remittance offering, though it operates at vastly greater scale and breadth as a global incumbent.

Emerging players

• Wise (formerly TransferWise): Digital cross-border payments challenger offering low-cost international transfers via web and app. Threatens traditional MTOs like Al Mirqab on price and convenience, particularly for tech-savvy retail and SME customers.
• Remitly: Mobile-first remittance platform with strong corridor presence from the Gulf into South Asia and the Philippines. Competes with Al Mirqab's retail remittance flows by offering a digital-first experience.
• WorldRemit: Digital money transfer service operating across GCC-to-emerging-market corridors. Comparable to Al Mirqab's remittance offering but delivered via mobile channels rather than physical branches.

Direct peers

• Al Ansari Exchange: Largest money transfer and foreign exchange operator in the GCC, headquartered in the UAE. Operates extensive branch networks across multiple countries offering retail and corporate remittance and FX services — directly comparable in business model and customer base to Al Mirqab.
• Xpress Money: MENA-headquartered remittance and FX company serving expatriates across the GCC and South Asian corridors. Directly comparable business model and customer base to a Qatar-based exchange house.
• Gulf Exchange: Qatar-based foreign exchange and remittance company licensed by the Qatar Central Bank. Competes head-to-head with Al Mirqab in Doha on retail and corporate FX/remittance volumes.
• National Exchange Company (Qatar): Qatari exchange house regulated by Qatar Central Bank, offering money remittance, foreign currency, and payment services to retail and corporate customers in the same domestic market as Al Mirqab.
• UAE Exchange (now part of Al Ansari): Historic GCC-based MTO offering foreign currency exchange, remittance, and payment services. Same MTO/FX business model as Al Mirqab and direct precedent as a regional money transfer consolidator.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights4 records

Customer concentration

• LinkedInlinkedin.com/company/al-mirqab-exchange

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Al Mirqab Exchange Co