Page 80 - AAE PR REPORT - MAY 2025

“The BFC acquisition and digital wallet launch are pivotal for our regional growth,” noted
Mohammad Bitar, Deputy Group CEO. “These initiatives enhance our scale and customer reach.”
Segment performance was strong across the board.
Remittance operating income grew 4.0 per cent to Dh171 million, navigating fintech competition
and geopolitical pressures. Banknote operating income rose 7.0 per cent to Dh93 million, bolstered
by strategic partnerships, prepaid card demand, and UAE tourism growth. WPS and other services
saw a 26 per cent increase to Dh30 million, driven by infrastructure projects and employer
compliance needs.

https://www.msn.com/en-ae/money/news/al-ansari-posts-10-net-profit-surge-in-first-quarter/ar-
AA1ELjll