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3/22/24, 9:18 AM Al Ansari approves Dhs300m cash dividend for H2
Al Ansari approves Dhs300m cash dividend for H2

Gulf Today · 21 Mar 2024

DUBAI: Al Ansari Fin an cial Ser vices (Al Ansari), one of the lead ing integ rated n an cial ser -

vices groups in the UAE, held its Annual Gen eral Assembly Meet ing in Dubai, to con sider
and approve key res ol u tions.
The share hold ers approved the n an cial state ments for the year ended 31 Decem ber 2023,
a recom mend a tion by the Board of Dir ect ors to dis trib ute a cash dividend of Dhs300 mil -

lion (4 ls per share) for the second half of 2023, bring ing the total amount of dividend
dis tri bu tions for the scal year 2023 to Dhs600 mil lion, and vari ous policies of the Com -
pany in rela tion to the remu ner a tion of the Board of Dir ect ors and senior Exec ut ive man -
age ment of the Com pany; the Com pany’s Dividends Policy; and the cor por ate social

respons ib il ity of the Com pany, alloc at ing 2 per cent of the Com pany’s annual net pro ts as
a vol un tary cor por ate social respons ib il ity.
The cash dividend pay ment is in line with the dividend policy set out in the IPO pro spectus,
in which Al Ansari com mited to pay ing a total dividend amount of Dhs600 mil lion per

annum for the year 2023, as well as in accord ance with the dividend policy approved by the
com pany’s share hold ers at the Annual Gen eral Assembly.
Mohammad Ali Al Ansari, Chair man of Al Ansari Fin an cial Ser vices, said, “The n an cial
and oper a tional per form ance delivered by Al Ansari Fin an cial Ser vices in 2023 demon -

strates the strength of our busi ness model. The Com pany is proud to report that its stra -
tegic growth ini ti at ives and ded ic a tion to innov a tion have res ul ted in sub stan tial achieve -
ments, deliv er ing long-term value to our stake hold ers.

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