Al Ansari Exchange moves ahead with its UAE expansion strategy

17 Jun 2014

Al Ansari Exchange, a UAE-based foreign exchange and worldwide money transfer company, has announced that it has recently opened new branches in the UAE with an aim to continue with its nationwide strategic expansion plans. The company now boasts more than 140 branches across the country that will bring its services closer to its customers, enabling them to avail a host of services provided by the leading money exchange firm.

The recently opened Al Ansari Exchange branches are distributed between Dubai, Abu Dhabi, Al Ain, Sharjah, Ajman andFujairah. The Dubai branches are located at the Ansar Gallery in Karama and Deira, Marina Walk, Dubai Marina Mall and Al Fahidi Souq. The branches in Abu Dhabi are situated at the Capital Mall, Paragon Mall, Souq Madinat Zayed, Central Market and Galleria Mall. In Al Ain, the branches are based in Boutik Mall, Wahat Hili Mall and Al Jimi Mall. The other three branches are located at Matajer Al Mirgab in Sharjah, Lulu Hypermarket in Dibba, Fujairah, and Rumalia in Ajman.

Rashed Ali Al Ansari, General Manager, Al Ansari Exchange, said: “The opening of these new branches in the UAE are in alignment with Al Ansari Exchange’s expansion strategy, which is aimed at building a network of branches at easily accessible locations for customer convenience. After a careful market study and assessment, we zeroed down on these strategic locations within important commercial centers to open our new branches that will fill in the gap in these neighborhoods. We are confident that these branches will contribute in increasing our market share and add to the volume of transactions by serving more customers.We expect a significant growth in our business from the new branches. In continuation with our expansion strategies and a promise to serve our customers more efficiently, we plan to add 10 more branches to our growing network within the coming year focusing on new communities and remote areas.”

In light of the above “Al Ansari Exchange” has embarked on extensive recruiting and training campaign to man the newly opened branches. The company has recruited more than 250 multilingual staff from different nationalities to serve the diverse demography of the UAE. The total manpower of the company has reached more than 2250 making it one of the significant recruiters in the financial sector.