Bahrain-based Nonoo Exchange Company (NEC) opened its 16th branch in East Riffa yesterday.

The event was held under the patronage of Sheikh Abdulrahman bin Ali Al Khalifa, general director of land registration. The opening was attended by Ebrahim Janahi, CEO of Mode Holdings, and NEC management members.

Fuad Nonoo, chairman of the board, said: "The opening of this new branch is an important strategy to provide customers with new and unique services."

He also said that an agreement has been signed with Indian School under which parents will be able to pay the school fees through any branch of NEC. A deal has also been signed with Al Baraka Bank, under which all 'Mycard' holders will be able to have the related services for this product through any branch of NEC. - TradeArabia News Service