Al Ansari Financial Services

Al Ansari Financial Services

Name in Arabic:
شركة الأنصاري للخدمات المالية
Country: United Arab Emirates
City: Dubai
Capital: 75,000,000 AED
Phone: +971-4-222-0800 Email: [email protected]
P.O.Box: 6176
Fax: +971-4-385-0193
Founding Date: 1966

General information

Provided by Manhom

Al Ansari Financial Services was founded in 1966 and listed on the Dubai Financial Market in April 2023. One of the UAE's leading integrated financial services groups, it has a rich history dating back to its establishment as a family business. The company was transformed into a public joint stock company in March 2023.

Through its subsidiaries, including Al Ansari Exchange, Al Ansari Digital Pay, and Worldwide Cash Express, the group provides a wide range of products and services to both individuals and businesses. This includes:

  • Individuals: Expatriate residents, tourists, and overseas customers.
  • Businesses: Large, medium, and small enterprises in the UAE, as well as international remittance agents and other exchange houses.

The group's offerings are delivered through a comprehensive global network supported by proprietary technology and external relationships. Leveraging the UAE's position as a global financial, commercial, and tourism hub, the group has expanded its core offerings to include:

  • Money Transfers: The group offers domestic and international money transfers through its retail branches and digital channels. It provides money transfers through its owned money transfer platforms, namely CashExpress, Global Fund Transfer, and Worldwide Cash Express, as well as through its money transfer partners such as Western Union and its own payment network. Transfers can be made to bank accounts via money transfer services like SWIFT or Ripple.
  • Foreign Exchange: The group's retail and wholesale foreign exchange services primarily involve the buying and selling of foreign currencies directly to and from retail and wholesale customers. It offers foreign exchange services in over 70 currencies across all its branches. The group also offers prepaid cards as part of its foreign exchange services for individuals, with both Travel Card and FlexiPay products issued by the group being reloadable prepaid cards that can store single or multiple currencies on the card and allow the user to convert these currencies to other currencies. The group's prepaid cards can be purchased or reloaded at group branches, online, or through the mobile app.
  • WPS Salary Protection System: The group provides solutions related to employee salaries for companies operating in the UAE, implementing salary payments on behalf of companies in accordance with the directives of the UAE Ministry of Human Resources and Emiratisation under the Wages Protection System initiative.
  • Other Services: The group's other offerings include bill payments and integrated cash management solutions.
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Rank
384
الـ500 الكبار

The list ranks the 500 largest companies in the Arab world in terms of revenue.

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