REPORT BASED ON PRESS RELEASE : BY ALANSARI ON NOV 06, 2023
Al Ansari Exchange Expands Reach with 250th Branch Opening in Dubai
Dubai, UAE – November 6, 2023: Al Ansari Financial Services PJSC, a leading integrated financial services group in the UAE, has announced the opening of its 250th branch at Burjuman Metro Station, Dubai, under its subsidiary, Al Ansari Exchange. This milestone follows the inauguration of 19 new branches nationwide in 2023, bringing the total number of branches to an impressive 250.
The expansion of branches in 2023 reflects the Group’s strategic initiative to strengthen its presence and extend geographical coverage across the UAE. With a target to reach 300 branches in the next two years, subject to regulatory approvals, the aim is to enhance client access and meet the growing demand more efficiently. Notably, the newly inaugurated branches span across 6 of the 7 emirates, demonstrating the group’s commitment to serving customers on a broader scale.
Rashed A. Al Ansari, Group CEO of Al Ansari Financial Services, expressed the company’s dedication to expanding its footprint in all seven Emirates, aligning with the nation’s flourishing economy. He emphasized the commitment to meeting the evolving needs of both institutional and individual customers.
Ali Al Najjar, Chief Operating Officer at Al Ansari Exchange, highlighted the significance of the 250th branch opening in the company’s growth trajectory. He emphasized the company’s focus on enhancing digital channels alongside physical expansion, ensuring an omnichannel experience for customers. Al Najjar also noted the profitability of 95% of the company’s branches, reflecting their dedication to growth and financial success.
The expansion aligns with Al Ansari Financial Services’ vision to facilitate financial mobility and support Emiratisation efforts by creating job opportunities for both UAE nationals and expatriates. By prioritizing accessibility and inclusivity, the group aims to empower customers with a wide range of financial solutions and services at competitive prices, maintaining the highest standards of quality and reliability.
