This would increase the number of physical branches in the UAE to 246 branches and the company aims to reach 300 physical locations within the next five years.
Al Ansari Exchange, a subsidiary of the Dubai Financial Market-listed Al Ansari Financial Services, has obtained the necessary approvals to launch 15 new branches across the UAE before the end of 2023.
The new branches will cover under-served areas in Abu Dhabi, Dubai, Sharjah and other cities in the Northern Emirates and will take the total number of physical branches to 246.
The company plans to expand the number of physical branches to approximately 300 within the next five years to further scale and improve consumer accessibility and meet the demand for its services in the UAE market.
Rashed A Al Ansari, Group CEO of Al Ansari Financial Services, explained: “The opening of 15 new branches this year is aligned with our strategic priority of further cementing our market leadership position in our home market. Our plans are bolstered by the continued strength in the UAE economy, particularly the boom in the tourism and jobs market expansion.”
