Latest news with #AlAnsariFinancialServicesPJSC
Web Release
5 days ago
- Business
- Web Release
Al Ansari Exchange Announces Winner of AED 1 Million Grand Prize in 2025 Al Ansari Millionaire Promotion
Al Ansari Exchange, the UAE's leading remittance and foreign exchange company and a subsidiary of Al Ansari Financial Services PJSC, has announced the grand prize winner of its highly anticipated 2025 Al Ansari Millionaire Promotion. Albert Rioflorido, a Filipino customer living in the UAE for the past 12 years, was named this year's winner of the AED 1 million during the official draw held at the Metropolitan Hotel in Dubai, in the presence of officials from Dubai Economic Department and Al Ansari Exchange. The promotion, which ran from 1 March to 29 May 2025, attracted millions of participants who entered the draw by conducting qualifying transactions via Al Ansari Exchange's extensive branch network and digital platforms. As part of the campaign, two additional winners—Muhammad Rizwan Malik and Mohamad Khalil Haitham—each drove away in a brand-new Jetour Dashing SUV. Weekly draws also saw 12 lucky customers win holiday packages worth AED 5,000 each from Travelwings. This year's campaign witnessed heightened engagement through the Al Ansari Exchange app, where users received triple entries per transaction and gained access to exclusive flash deals. Ali Al Najjar, Chief Operating Officer at Al Ansari Exchange, commented: 'This campaign is more than just a giveaway—it's our way of celebrating the trust our customers place in us. We're proud to have built a promotion that inspires excitement, creates real impact, and rewards loyalty. We are grateful to our partners JS Bank, Jetour and Travelwings for their continued collaboration, and extend our warmest congratulations to Albert Rioflorido and all the other winners.' Now in its 12th edition, the Al Ansari Millionaire Promotion has become a flagship initiative for the company, turning dreams into reality for more than a dozen winners and cementing its place as one of the UAE's most anticipated annual campaigns.
Mid East Info
5 days ago
- Business
- Mid East Info
Al Ansari Exchange Announces Winner of AED 1 Million Grand Prize in 2025 Al Ansari Millionaire Promotion - Middle East Business News and Information
Al Ansari Exchange, the UAE's leading remittance and foreign exchange company and a subsidiary of Al Ansari Financial Services PJSC, has announced the grand prize winner of its highly anticipated 2025 Al Ansari Millionaire Promotion. Albert Rioflorido, a Filipino customer living in the UAE for the past 12 years, was named this year's winner of the AED 1 million during the official draw held at the Metropolitan Hotel in Dubai, in the presence of officials from Dubai Economic Department and Al Ansari Exchange. The promotion, which ran from 1 March to 29 May 2025, attracted millions of participants who entered the draw by conducting qualifying transactions via Al Ansari Exchange's extensive branch network and digital platforms. As part of the campaign, two additional winners—Muhammad Rizwan Malik and Mohamad Khalil Haitham—each drove away in a brand-new Jetour Dashing SUV. Weekly draws also saw 12 lucky customers win holiday packages worth AED 5,000 each from Travelwings. This year's campaign witnessed heightened engagement through the Al Ansari Exchange app, where users received triple entries per transaction and gained access to exclusive flash deals. Ali Al Najjar, Chief Operating Officer at Al Ansari Exchange, commented: 'This campaign is more than just a giveaway—it's our way of celebrating the trust our customers place in us. We're proud to have built a promotion that inspires excitement, creates real impact, and rewards loyalty. We are grateful to our partners JS Bank, Jetour and Travelwings for their continued collaboration, and extend our warmest congratulations to Albert Rioflorido and all the other winners.' Now in its 12th edition, the Al Ansari Millionaire Promotion has become a flagship initiative for the company, turning dreams into reality for more than a dozen winners and cementing its place as one of the UAE's most anticipated annual campaigns.
Web Release
02-06-2025
- Business
- Web Release
Al Ansari Financial Services Launches Business Solutions Centre in India to Accelerate Innovation
Al Ansari Financial Services PJSC (DFM: ALANSARI) (the 'Group'), the largest non-banking financial services provider in the GCC, announced today the opening of Al Ansari Financial Services Solutions Private Limited (AAFS Solutions), its new business solutions centre in Hyderabad, India. Strategically located, the centre will serve as a business solutions hub for the Group, aimed at enhancing efficiency, productivity and cost-effectiveness. The establishment of the state-of-the-art centre marks a significant milestone in the Group's commitment to innovation and operational excellence. By leveraging India's rich pool of talent and technological expertise, this office will play a pivotal role in accelerating the Group's digital transformation journey. 'We are proud to inaugurate our new offices in India,' said Mohammad Bitar, Deputy Group CEO of Al Ansari Financial Services. 'This expansion reflects our commitment to leveraging cutting-edge technology and innovative practices to provide exceptional services to our customers. We are reshaping our operations to promote leaner corporate structures and enhance the effectiveness of shared services and global business service units.' 'We are committed to fostering a culture of growth and opportunity for our employees,' added Bitar. 'The expansion of our operations in India will not only enable us to deliver greater value to our customers and shareholders but also create exciting career prospects for our talented workforce.' The India office will focus on streamlining operations, optimising processes and developing cutting-edge solutions tailored to meet the evolving needs of the financial industry. By centralising specific functions, the Group aims to foster collaboration, innovation and knowledge sharing across its expanding network. A Platform for Future Growth In the first phase of the Group's project, an IT Excellence Centre has been established to drive innovation and improve technological capabilities. Looking ahead, the centre is poised to expand its offerings to include business process outsourcing (BPO) services, further optimising Al Ansari Financial Services' operations and allowing us to allocate more resources to core business initiatives and strategic growth.
Hi Dubai
14-05-2025
- Business
- Hi Dubai
Al Ansari Financial Services Posts 10% Profit Rise as Digital and Regional Expansion Gains Pace
Al Ansari Financial Services PJSC has delivered a strong performance in Q1 2025, reporting a 10 percent year-on-year rise in net profit to AED109 million, driven by higher operating income and strong growth in digital and regional operations. Operating income climbed 7 percent to AED294 million, while EBITDA rose 13 percent to AED138 million, maintaining a healthy EBITDA margin of 46.8 percent. The company also saw a modest 1 percent increase in total transactions, reaching 12.5 million in the first quarter. Growth was especially notable in digital channels, which recorded a 16 percent rise in transaction volume and now account for nearly a quarter of all outward remittances. Banknote transaction values rose 6 percent to AED22 billion, and salary disbursals through the Wage Protection System surged 27 percent to 2.5 million. Group CEO Rashed A. Al Ansari credited the results to disciplined execution and a sharp focus on customer experience, despite a challenging geopolitical and competitive landscape. Deputy Group CEO Mohammad Bitar highlighted the completion of the BFC acquisition as a key milestone in the company's regional growth strategy. He also announced the launch of a new digital wallet, which is expected to reshape how customers manage their finances and further solidify Al Ansari's position in the fintech space. The Q1 results reflect the company's continued emphasis on digital innovation and regional expansion, setting a positive tone for the rest of the year. News Source: Emirates News Agency
Mid East Info
14-04-2025
- Business
- Mid East Info
Al Ansari Exchange and ruya Partner to Offer Free Cash Deposits Across the UAE - Middle East Business News and Information
Al Ansari Exchange, the UAE's largest remittance and foreign exchange company and a subsidiary of Al Ansari Financial Services PJSC, and Ruya Islamic Community Bank or 'ruya', a leading digital-first Islamic community bank, are thrilled to announce that they have signed a strategic partnership aimed at enhancing financial inclusivity and convenience for customers across the UAE. This collaboration will enable ruya customers to enjoy instant and fee-free cash deposit services at over 260 Al Ansari Exchange branches nationwide. This initiative reflects both organisations' commitment to empowering individuals, businesses, and communities by providing accessible and innovative financial solutions. Ali Al Najjar, Chief Operating Officer of Al Ansari Exchange, expressed enthusiasm about the partnership, stating, 'We are excited to collaborate with ruya, an innovative institution that shares our dedication to customer satisfaction and innovation. This seamless and fee-free cash deposit using our domestic remittance option is an excellent opportunity to extend our trusted services to a broader audience, ensuring that more people can benefit from the convenience and efficiency we offer.' Christoph Koster, CEO of ruya, echoed this sentiment, saying, 'Our partnership with Al Ansari Exchange is a testament to our mission of providing seamless and inclusive financial services to our customers. The no-charge cash deposit service using our domestic remittance option at over 260 locations across the UAE is a significant step towards making banking more accessible and straightforward for everyone.' This collaboration marks a significant advancement in enhancing digital banking services while ensuring financial inclusion and cost-effective solutions for customers throughout the UAE. As the UAE continues to establish itself as a global financial hub, partnerships like this play a crucial role in fostering innovation and making banking services more accessible to all.
