Page 71 - AAE PR REPORT - March 2024

3/21/24, 10:12 AM Al Ansari Approves Dh300 Million Cash Dividend For H2 2023 | MENAFN.COM

Al Ansari Approves Dh300 Million Cash

Dividend For H2 2023

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3/20/2024 2:43:38 PM

(MENAFN- Khaleej Times) Shareholders of Al Ansari Financial Services PJSC, one of the

leading integrated financial services groups in the UAE, have approved a recommendation by
the board of directors to distribute a cash dividend of Dh300 million (4 fils per share) for the
second half of 2023.

The decision was taken at the company's annual general assembly meeting in Dubai, to

consider and approve key resolutions.

The decision brings the total amount of dividend distributions for the fiscal year 2023 to
Dh600 million, and various policies of the company in relation to the remuneration of the
board of directors and senior executive management of the company; the company's

dividends policy; and the corporate social responsibility of the company, allocating 2 percent
of the company's annual net profits as a voluntary corporate social responsibility for the
purpose of community services.

The approved cash dividend payment is in line with the dividend policy set out in the IPO

prospectus, in which Al Ansari committed to paying a total dividend amount of Dh600 million

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