Page 26 - AAE PR REPORT - August 2024

9/10/24, 11:03 AM Al Ansari Exchange in Kuwait expands its network with the acquisi
Al Ansari Exchange in Kuwait expands its network with

the acquisition of Oman Exchange

Tuesday, August 20, 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

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