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Al Ansari posts 10% net profit surge in first quarter
2 min read
Al Ansari posts 10% net profit surge in first quarter
Al Ansari Financial Services, the GCC’s largest non-banking financial services provider and parent
of Al Ansari Exchange, delivered a strong performance in Q1 2025, reporting a 10 per cent year on
year increase in net profit after tax to Dh109 million.
The results, announced on Wednesday, were driven by a 7.0 per cent year on year rise in operating
income to Dh294 million, reflecting strong contributions from remittances, banknotes, and wage
protection system (WPS) services, despite geopolitical challenges.
Operationally, Al Ansari expanded its footprint, reaching 270 physical branches by Q1 2025. The
company completed the acquisition of BFC Group Holdings WLL, with financial consolidation set
for Q2 2025, and plans to acquire Al Ansari Exchange in Kuwait by Q2, expecting synergies by Q3.
The upcoming launch of the Al Ansari Digital Wallet in Q2 2025 aims to revolutionise customer
financial management with secure, user-friendly features.
https://www.msn.com/en-ae/money/news/al-ansari-posts-10-net-profit-surge-in-first-quarter/ar-
AA1ELjll
