With over 50 million yearly transactions, the company serves customers through its branches and online channels.
Dubai: Al Ansari Exchange, the UAE’s largest outward personal remittance and foreign exchange company and a subsidiary of Al Ansari Financial Services (“The Group”), celebrated its 60th anniversary during the holy month of Ramadan. The milestone reflects the Group’s remarkable journey from a single exchange branch to a diversified regional financial services provider with a broad range of offerings and an expanding presence across the region.
The celebration took place with a suhoor event at Armani Hotel, Burj Khalifa, attended by Mohammad Ali Al Ansari, board members, top management, and executives. A video showcasing the company’s history and achievements was displayed on the iconic tower.
Founded in 1966, Al Ansari Exchange has been a pioneer in enabling the mobility of money and financial connectivity. Over the past six decades, it has expanded its services to include remittances, foreign exchange, wage protection system solutions, corporate payment services, cash management, and digital financial solutions.
The company has grown into one of the region’s leading exchange providers, serving more than four million customers through 285 branches and digital platforms. It processes over 50 million transactions annually, with 25% of total volumes generated online.
Since opening its first branch in Abu Dhabi’s Central Market in 1966, Al Ansari Exchange has grown alongside the UAE’s evolving financial landscape, expanding its services and regional footprint to meet the needs of a dynamic market.
Key milestones in the company’s journey include the early adoption of an integrated electronic transaction system in 1987, the start of international expansion in Kuwait in 2002, and the launch of innovative solutions such as Cash Express and Payroll services aligned with the UAE’s Wage Protection System.
Al Ansari Exchange was also among the first in the market to introduce a multi-currency card, giving customers access to more than 23 currencies to meet growing cross-border needs.
Building on this growth, Al Ansari Exchange became a key subsidiary of Al Ansari Financial Services, which was listed on the Dubai Financial Market in 2023, further cementing the Group’s position as a leading financial institution in the GCC.
Commenting on the 60th anniversary, Mohammad Ali Al Ansari, Chairman of Al Ansari Financial Services, said:
“For six decades, Al Ansari Exchange has upheld its commitment to delivering reliable, secure, and innovative financial services. From our beginnings as a family-owned exchange to our growth as a diversified financial group, our focus has always been on serving our customers with excellence and integrity, supported by modern technology capabilities.
We extend our sincere appreciation to our valued customers, dedicated employees, and strategic partners, whose trust, commitment, and collaboration have been pivotal in delivering our results, strengthening our position, and advancing our journey of sustainable growth.
We also place particular emphasis on the support of the UAE and its regulatory authorities, which has formed a fundamental pillar of our growth. The country’s forward-looking policies and ambitious economic diversification strategies have created an integrated ecosystem that fosters innovation, enhances investment attractiveness, and reinforces the UAE’s standing as a leading regional and global tourism destination.“
Looking ahead, Al Ansari Exchange plans to build on its legacy by further strengthening digital capabilities, expanding its geographic presence, and continuing to deliver customer-centric financial solutions that support commerce, mobility, financial literacy, inclusion, and regional economic development.
