THE MIDDLE EAST’S
66. Rashed A. Al Ansari
Designation: Group CEO
Company: Al Ansari Financial Services
Country: U.A.E.
Nationality: Emirati
Sector: Financial Services
Al Ansari joined the group in 2010, where he oversees 4,000 people. In February 2023, the group restructured its business and changed its name from Al Ansari Exchange to Al Ansari Financial Services. In 2022, the group held a 24% market share of the outward remittance market and 35% of the retail foreign exchange market in the U.A.E. In the first nine months of 2023, the group recorded a total income of $240.6 million. In October 2023, the group formed a partnership with Zain FinTech to redefine the remittance experience for customers through innovation and technology. Al Ansari previously worked at Dubai Holdings, Dubai Industrial City, and Dubai Mercantile Exchange, among others.