Page 63 - AAE PR REPORT - November 2024

11/5/24, 9:56 AM Al Ansari Exchange and MultiBank Group Forge Partnership to Streamline Customer Payments

Al Ansari Exchange and MultiBank Group Forge

Partnership to Streamline Customer Payments

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11/4/2024 8:18:51 AM

(MENAFN- Orient Planet Group) 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.

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