Al Ansari secures initial approval to acquire stake in Omani exchange firm

Al Ansari secures initial approval to acquire stake in Omani exchange firm

UAE-based Al Ansari Financial Services has presented a formal proposal to acquire a majority stake in one of the Sultanate of Oman’s prominent exchange companies.

The Group has received an initial approval subject to meeting the necessary regulatory conditions. This strategic move is in line with Al Ansari Financial Services Group’s geographic expansion plans to grow market share in the attractive GCC region.

Recognizing the potential of the Omani market, Al Ansari Financial Services aims to leverage its expertise and experience to provide state-of-the-art financial solutions to the country’s residents and businesses.

Rashed Al Ansari

CEO – Al Ansari Financial Services “The Omani market is very attractive and one that we believe will support our goal of expanding our footprint in countries with a significant expat population and a resilient economy. We are confident that this expansion will contribute to further broadening our customer base. The planned acquisition of a prominent exchange in Oman will provide us with the opportunity to bring the best of Al Ansari Financial Services to a new and exciting market given our deep expertise and market experience.”

“We are committed to delivering on our strategic roadmap designed to unlock shareholder value by exploring various growth and expansion opportunities, including inorganic