UAE, May 23, 2016–Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, commemorates the 50thAnniversary of its establishment. To mark the occasion and in line with the wise directions and vision of the UAE’s leadership to consolidate the country’s prominent position  in the region and the world, the company is poised to establish new standards of excellence and leadership in the exchange and remittance sector. A special conference for the Golden Jubilee celebration took place at the Kempinski Hotel in the Mall of The Emirates, Dubai, which was attended by Al Ansari Exchange’s board of directors, senior executives, and selected employees.

During the conference, Al Ansari Exchange reviewed its long and successful journey which is based on the adoption of the best management and operational practices to constantly improve its customer services. Al Ansari Exchange posted a strong performance last year, with a growth rate of 15 per cent over 2014 and increasing its domestic market share to more than 35 per cent in conjunction with the flow of foreign remittances amounting to more than AED 40 billion out of AED 120 billion outbound from the UAE. 

As part of its Golden Jubilee celebrations, Al Ansari Exchange has pledged AED 50 million donation fund in support of humanitarian and philanthropic organizations. The pledge is part of the company’s corporate social responsibility agenda through which it remains committed to actively contribute towards local and international communities to achieve comprehensive social and economic development.

Mohammed Ali Al Ansari, Chairman and Managing Director, Al Ansari Exchange, said: “Over the past 50 years, Al Ansari Exchange has managed to achieve a quantum leap from a company with only five employees in one branch to one of the leading companies specializing in foreign exchange and remittances in the UAE, backed by a countrywide network of 170 branches. These branches are operated by more than 2,500 highly experienced and qualified employees including 250 Emiratis, processing more than 70,000 transactions daily for over 2.5 million customers per month. As we celebrate the 50th year of the company’s establishment today, we reaffirm our commitment in continuing our journey of glorious achievements by maintaining the highest standards in leadership, efficiency and reliability in delivering high-quality services. In addition, we will manage our operations using the latest and advanced technologies to support our efforts to provide the best competitive prices to keep pace with the needs and requirements of our customers and boost their confidence in our portfolio of products and offerings. We are thrilled to allocate AED 50 million donation fund to humanitarian and charity work mainly to support education and health related programs at home and abroad, in line with our Golden Jubilee celebrations.”

“The success of Al Ansari Exchange over the last five decades did not come by accident but is rather marked by remarkable accomplishments and a commitment to steadily promote creativity and innovation in the development of new solutions as well as consolidate strong relationships and partnerships with major banks and financial institutions around the world in order to furnish the best products and services that exceed the expectations of customers. On this occasion, I would like to extend my sincere gratitude and appreciation to the UAE’s Wise Leadership and to our esteemed customers and their families around the world. I would also like to express my gratitude to our strategic partners and valuable employees with a promise to continue our efforts in providing the best remittance and foreign exchange services to our customers and strive to meet their needs and aspirations for years to come,” concluded Al Ansari.