OnCost and National Exchange Company together provide 50% offer on money remittance

Saturday, May 11, 2019

Kuwait’s prominent super market chain OnCost and National Exchange Company (NEC) signed an agreement for remittance partner for all privileged customers of Oncost. As per the agreement, NEC Kuwait will act as the remittance partner for over 100,000 OnCost customers upon producing their Oncost membership card at any of the National Exchange Company branches. NEC shall offer a 50% discount on remittance charge and will charge only 0.500 fils for any customer who show their OnCost membership card. NEC will also allocate dedicated staff at all of their 7 branches for quick services to Oncost members.

The agreement was signed between Mr. Saleh M Al Tunaib – Chief Executive Officer, IFA Food Company (Oncost) and Mr. Sabih Abul Hassan – Chairman and Managing Director, National Exchange Company (NEC). The signing ceremony was attended by Mr. Remesh T A – OnCost Chief Operating Officer, Mr. Talal Al Gharaballi, Mr. Ricky Dcunha, Mr. Nanda Kumar – NEC Chief Consultant, Mr. Sameer Abdul Sathar and Mr. Ahmed Ghonaim.

NEC Chairman Mr. Sabih Abul Hassan mentioned that “this co-operation will further enhance the business relationship between NEC & Oncost”. He further stressed that NEC will be opening 2 additional branches during this year thereby bring the total branch network to 9 by the end of this year.

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