Page 25 - AAE PR REPORT - August 2024

9/10/24, 11:03 AM Al Ansari Exchange in Kuwait expands its network with the acquisition of Oman Exchange - Times Kuwait
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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