Al Ansari Exchange tops list of most prominent transfer and exchange companies in Middle East

18 Oct 2020

Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, ranked first in the latest edition of Forbes Magazine’s “Top Exchange Houses in the Middle East” list that includes some of the region’s largest companies operating in the sector.

Mohammed A. Al Ansari, Chairman of Al Ansari Exchange, said: “This achievement is due to the great trust from our customers and all the hard work Al Ansari Exchange employees put in. We are proud to be on top of Forbes’ list, which reflects our strong regional presence and robust performance. This recognition also supports our success in adopting the highest standards of excellence, while utilizing the latest technological solutions in our services. It is a new responsibility that will inspire us to excel on the path of excellence and growth even further.”

Al Ansari Exchange boasts a network of over 190 branches, employs over 2,500 multilingual staff, who cater to more than 2.5 million customers every month, with fast, reliable and efficient service at very competitive rates. The company also conducts more than 80,000 transactions per day and commands over 30% market share among exchange houses, in the UAE, with more than AED 40.5 Billion transferred through its network in 2019.

Forbes’ 2020 list includes 20 of the most prominent exchange and remittance companies in the region. In determining the ranks, the magazine relied on a list of criteria and indicators, including average monthly remittances, the number of branches, the level of services provided, the age of the company, recent innovations, editorial points and geographical expansion.