Al Ansari Exchange, a leading exchange company in the UAE with the largest branch network, started as an offshoot of a flourishing trading business by the Al Ansari family almost 60 years ago. Al Ansari Exchange was established primarily to meet the foreign exchange and remittance needs of their trading partners and customers at a time when formal banking was yet to be established in the country.
With the gradual evolution and semblance of banking in the mid-1960s, the first branch was opened in Abu Dhabi in 1966. From there on the company has made quick strides and progressed to emerge as one of the largest and most popular exchange companies in the UAE. Al Ansari Exchange is rated “5A1” by “Dun & Bradstreet”, an internationally recognized credit rating agency, in addition to being licensed and regulated by the Central Bank of the UAE.
Today, Al Ansari Exchange boasts a network of over 200 branches, employing over 3,000 multilingual staff who cater to more than 3 million customers every month with fast, reliable and efficient service at very competitive rates. The company also conducts more than 120,000 transactions per day and commands 36% market share among exchange houses in the UAE with over AED 40 billion transferred through its network in 2020.
While the UAE remains Al Ansari Exchange’s core market, the company will continue to strengthen its presence to be an international brand. As of now, the company maintains a key presence in Kuwait with 9 branches and plans to pursue its ambition of global expansion in the long term.