Subsidiaries

Al Ansari Exchange – established in 1966 and licensed by the Central Bank of the UAE, is the UAE’s first exchange company and has grown to be the largest outward personal remittance and foreign exchange company in the UAE with over 256 branches across the Emirates (as of December 2023). The Company has conducted 134 thousand transactions per day (as of December 2023) and in 2021 has captured almost one-quarter of the outward personal remittance market share in the UAE, including other exchange houses and banks. Al Ansari Exchange has also captured 35% market share of the retail foreign exchange market in 2021 . Since its founding, the Company has significantly scaled its digital presence through its award-winning app, website and in-branch smart counters, enabling it to capture a 41% share of the digital outward personal remittances market among exchange houses in 2021.

WorldWide CashExpress – established in 2017, is an Al Ansari-founded money transfer operator providing remittance services globally using its extensive network of global banks and payment correspondents.