| Type | Private |
|---|---|
| Industry | money transfer |
| Founded | 1997 , Somalia |
| Headquarters | Dubai, U.A.E |
| Employees | over 1000 worldwide |
| Website | www.amal-express.com |
The AMAL Express is the second largest money remittance company in Somalia. The company has worldwide network of associate companies and agencies. AMAL EXPRESS, was found in 1997 from the joining of 13 individual money remittance firms.
The AMAL Express is based in Dubai, UAE. The many fields it currently engages in include money transfer, informal banking in Somalia, Forex Bureaus, and Real Estate. The parent company of Amal Express is AMAL Group which consists of the holding company, AGC, and many wholly owned companies and subsidiaries, including AMAL Express General Trading in Dubai (HQ), AMAL Express SARL in Djibouti, AMAL Money Wire and AMAL USA Inc. The company has 650 agencies worldwide more than half of these being in Somalia. The company also employes over a thousand employees.
The Company along with other companies in the industry remains to be lifeline for millions of Somalis in Somalia and in refugee camps, all of who are dependent on their relatives in the Diaspora for their livelihood.