Al Ansari Exchange, renowned as the UAE’s largest provider of outward personal remittance and foreign exchange services, has marked a significant milestone by inaugurating its 250th branch at Burjuman Metro Station, Dubai.
The achievement follows the opening of 19 new branches across the UAE in 2023, elevating the total number of Al Ansari Exchange branches to an impressive 250.
Al Ansari Exchange Burjuman Metro Station Dubai
The expansion in 2023 is a pivotal move in the group’s growth strategy, aimed at strengthening its position and extending its geographical coverage across the UAE.
The company has set an ambitious target to further expand its branch network to a total of 300 locations over the next two years, contingent on obtaining necessary regulatory approvals. This strategic initiative seeks to enhance client access to its services and effectively meet the growing demand.
Moreover, the newly established branches now span six of the seven emirates in the UAE, emphasizing the group’s commitment to serving a broader customer base.
‘Seamless flow of money’
Al Ansari Financial Services envisions this expansion as a means to facilitate the seamless flow of money, in line with their strategy on Emiratisation, thereby creating more job opportunities for both UAE nationals and expatriates.
By focusing on accessibility and inclusivity, the group aims to empower customers with an extensive range of financial solutions and services at competitive rates, all underpinned by the highest standards of quality and reliability.
Rashed A. Al Ansari, Group CEO of Al Ansari Financial Services, said: “We are unwavering in our commitment to strengthening our presence in all seven Emirates through our expansion initiatives. Our foremost objective is to generate increased value for our shareholders and extend the reach of our services, aligning seamlessly with the expanding national economy.
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“We are dedicated to meeting the evolving requirements of our diverse customer base, which encompasses both institutions and individuals. This expansion is in line with the UAE’s rising prominence as the premier global destination and choice for people, in terms of residence, travel, business and investment.”
For his part, Ali Al Najjar, Chief Operating Officer at Al Ansari Exchange, stated: “The opening of our 250th branch marks a significant achievement in our growth journey. As we continue to expand our branch network, we are also enhancing our digital channels, ensuring we are where our customers want us to be.
“These innovations aim to provide an omnichannel experience for our customers and solidify our market share and primary position within the remittance and foreign exchange industry in the UAE. Certainly, it’s worth emphasising that 95% of our branches are currently profitable including the recently operational branches, highlighting our steadfast dedication to both growth and financial success.”
tanvir@dubainewsweek.com
