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7/21/25, 9:15 AM Al Ansari Exchange introduces cash payout service for ILOE claims

Ali Al Najjar, Chief Operating Officer of Al Ansari Exchange, and Abdellatif Abuqurah, Chairman of ILOE’s Insurance Pool. Image Courtesy: Al Ansari Exchange

Al Ansari Exchange introduces cash payout service for ILOE claims

In collaboration with the Insurance Pool
Press Release

July 20, 2025

Dubai, UAE – Al Ansari Exchange, the UAE’s leading remittance and foreign exchange company, has introduced a new cash
payout service for Involuntary Loss of Employment (ILOE) insurance claims in partnership with the ILOE’s Insurance Pool PSC.
The service is now available across more than 270 Al Ansari Exchange branches nationwide.

This initiative aligns with Al Ansari Exchange’s strategy to expand its portfolio of accessible and inclusive financial services, aiming
to provide integrated solutions for insured individuals under the ILOE scheme supervised by the Ministry of Human Resources and
Emiratisation, which offers eligible insured individuals cash compensation for a limited period in the event of unemployment.

“Providing accessible financial solutions to individuals across all segments of society is at the heart of our mission,” said Ali Al
Najjar, Chief Operating Officer of Al Ansari Exchange. “This new cash payout service for ILOE claims ensures that beneficiaries
receive timely support when they need it most, with the added convenience of our nationwide network.”

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