Page 12 - AAE PR REPORT - August 2024

Press Release

Al Ansari Exchange in Kuwait expands its network with the

acquisition of Oman Exchange

Kuwait City, 18 August 2024 - Al Ansari Exchange in Kuwait, a leading name in foreign
exchange and worldwide money transfers in Kuwait, proudly announces the successful acquisition
and merger with Oman Exchange. This strategic move expands Al Ansari Exchange in Kuwait’s
network to 37 branches, securing its position as the fourth-largest exchange company in the
country with a robust workforce of over 200 employees.

This acquisition aligns with Al Ansari Exchange in Kuwait’s ongoing strategy to broaden its
service offerings and enhance customer satisfaction by providing superior solutions tailored to
meet diverse financial needs. The integration of Oman Exchange's branches significantly enhances
Al Ansari Exchange's footprint across Kuwait, offering customers improved accessibility and
convenience.

Vivek Nair, Country Head of Al Ansari Exchange in Kuwait, commented on the merger: “We
are delighted to finalise the acquisition of Oman Exchange in Kuwait. This merger underscores
our unwavering commitment to the Kuwaiti market and reflects our strategic intent to expand our
operations and offerings in the country. By incorporating Oman Exchange's branches into our
network, we have bolstered our presence in Kuwait, enabling us to serve our customers more
efficiently and meet their evolving needs.”

Al Ansari Exchange stands as the leading exchange and money transfer company with the largest
branch network in the UAE, boasting over 250 branches and serving more than 5 million customers
with a dedicated team of over 4,000 employees. Renowned for its high-quality services and
customer-centric solutions, Al Ansari Exchange maintains a steadfast commitment to excellence
in Kuwait.
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For further information, please contact:

Orient Planet Group (OPG)
Tel: +971 4 4562888
Email: media@orientplanet.com
Website: www.orientplanet.com