Al Ansari Exchange, the UAE-based foreign exchange and around the world cash transfer service, celebrates the 50thAnniversary of its establishment. To mark the occasion and in line with the sensible directions and vision of the UAE's leadership to consolidate the country's popular position in the region and the world, the business is poised to establish brand-new requirements of quality and leadership in the exchange and remittance sector. A special conference for the Golden Jubilee celebration took place at the Kempinski Hotel in the Mall of The Emirates, Dubai, which was attended by Al Ansari Exchange's board of directors, senior executives, and selected workers.

During the conference, Al Ansari Exchange examined its long and effective journey which is based upon the adoption of the best management and operational practices to constantly improve its customer care. Al Ansari Exchange posted a strong efficiency in 2014, with a development rate of 15 per cent over 2014 and enhancing its domestic market share to more than 35 percent in conjunction with the flow of foreign remittances amounting to more than AED 40 billion from AED 120 billion outbound from the UAE.

As part of its Golden Jubilee celebrations, Al Ansari Exchange has pledged AED 50 million contribution fund in support of humanitarian and philanthropic organizations. The promise is part of the service's business social responsibility program through which it stays dedicated to actively contribute towards local and global communities to accomplish thorough social and economic development.

Mohammed Ali Al Ansari, Chairman and Managing Director, Al Ansari Exchange, said: "Over the past 50 years, Al Ansari Exchange has handled to attain a breakthrough from a service with only 5 employees in one branch to one of the leading services focusing on foreign exchange and remittances in the UAE, backed by a countrywide network of 170 branches. These branches are operated by more than 2,500 highly experienced and qualified employees consisting of 250 Emiratis, processing more than 70,000 transactions daily for over 2.5 million consumers monthly. As we celebrate the 50th year of the company's establishment today, we reaffirm our dedication in continuing our journey of remarkable achievements by keeping the highest standards in leadership, effectiveness and reliability in providing premium services. In addition, we will handle our operations using the current and advanced innovations to support our efforts to offer the best competitive prices to equal the needs and requirements of our consumers and improve their self-confidence in our portfolio of products and offerings. We are enjoyed allocate AED 50 million contribution fund to humanitarian and charity work generally to support education and health associated programs at home and abroad, in line with our Golden Jubilee celebrations."

"The success of Al Ansari Exchange over the last 5 years did not come by accident however is rather marked by amazing achievements and a dedication to progressively promote creativity and innovation in the development of brand-new options in addition to consolidate strong relationships and collaborations with significant banks and financial institutions worldwide in order to furnish the best services and products that exceed the expectations of customers. On this occasion, I want to extend my genuine gratitude and appreciation to the UAE's Wise Leadership and to our respected clients and their families around the globe. I would likewise like to express my appreciation to our strategic partners and valuable staff members with a promise to continue our efforts in supplying the best remittance and forex services to our customers and make every effort to fulfill their needs and goals for many years to come," concluded Al Ansari.