Page 19 - AAE PR REPORT - November 2024

Press release

Al Ansari Exchange and MultiBank Group Forge

Partnership to Streamline Customer Payments

Dubai, UAE – November 4, 2024: Al Ansari Exchange, the UAE’s largest remittance and foreign
exchange company and a subsidiary of Al Ansari Financial Services PJSC, is pleased to announce
its new partnership with MEX Global Financial Services LLC part of Multibank Group, one of the
world's largest financial derivatives institutions headquartered in Dubai. This strategic alliance
enables customers to make deposits and withdrawals from their trading accounts at any of Al
Ansari Exchange's extensive branch network across the UAE.

As part of this collaboration, MultiBank Group’s customers now have the convenience of visiting
any Al Ansari Exchange location to manage cash transactions for their trading accounts. This
initiative complies with the regulations set by the regulatory authorities in the country and aims to
enhance the customer experience by providing a seamless, and efficient way to manage their
financial transactions. With Al Ansari Exchange's extensive network of over 260 branches,
MultiBank Group will now provide its clients in the UAE who are onboarded through Mex Global
the convenience of near instant deposit and withdrawal services at multiple locations.

“We are delighted to collaborate with Multibank Group, a company that aligns with our values of
customer-centric innovation,” said Ali Al Najjar, Chief Operating Officer of Al Ansari
Exchange. “This partnership not only highlights our dedication to providing secure and reliable
solutions for managing trading accounts but also emphasises our commitment to make financial
transactions more accessible and convenient for our customers.”
MultiBank Group, established in California, USA, in 2005, serves over 1 million clients in more
than 100 countries and maintains a daily trading volume surpassing $18.1 billion. Known for its
forward-thinking trading solutions, strong regulatory oversight, and outstanding customer support,
the Group offers a comprehensive range of financial services, including brokerage and asset
management. MultiBank Group is regulated across five continents by over 16 of the most esteemed
financial regulatory bodies worldwide.
For more information about the partnership and for list of the nearest Al Ansari Exchange branches,
please visit www.alansariexchange.com.

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