Index Exchange was established in January 1976 as Habib Exchange Company LLC having been granted one of the first licenses by the UAE Central Bank to conduct remittances, to exchange foreign currencies and to issue travelers cheques. In 2014 Habib Exchange was fully acquired by Al Hail Holding (AHH) and Global Development Group (GDG) and rebranded as Index Exchange. AHH and GDG are leading investment companies based in Abu Dhabi and have business interests in financial services, real estate, infrastructure, retail, logistics, health and education sector. The Group is in partnership with leading international companies in some of these sectors.