Al Ansari Exchange on track to open 15 new branches

Al Ansari Exchange on track to open 15 new branches

UAE, Dubai: Al Ansari Financial Services’ PJSC [DFM: ALANSARI] subsidiary, Al Ansari Exchange, the largest outward personal remittance and foreign exchange company in the UAE today announced, after obtaining the necessary approvals, its plan to launch 15 new branches across the UAE before the end of 2023. The physical branch expansion is in line with the Group’s growth strategy to further scale and improve consumer accessibility, aiming to reach a network of approximately 300 branches within the next five years to satisfy the demand for its services in the UAE market.

Al Ansari Exchange has successfully opened five new branches since the commencement of 2023. Additionally, the company has acquired the requisite regulatory approvals for the establishment of 10 additional branches, which are expected to become operational before the conclusion of the second half of this year.

The 15 new branches will cover underserved areas in Abu Dhabi, Dubai, Sharjah and other cities in the Northern Emirates and will take the total number of physical branches to 246.

Rashed A. Al Ansari, Group CEO of Al Ansari Financial Services, explained, "The opening of 15 new branches this year is aligned with our strategic priority of further cementing our market leadership position in our