Page 77 - AAE PR REPORT - March 2024

Al Ansari Financial Services to pay AED 300m

dividends for H2-23

Photo Archive
20 March 2024 01:53 PM
ALANSARI
ALANSARI
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Dubai – Mubasher: The annual general assembly of Al Ansari Financial Services approved
the board’s recommendation to distribute a cash dividend of 4 fils per share for the second
half (H2) of 2023.
The DFM-listed company will pay out a dividend of AED 300 million, bringing the total
amount of the full-year dividends to AED 600 million, according to a press release.
The approved cash dividend aligns with the dividend policy set out in the initial public
offering (IPO) prospectus, in which Al Ansari Financial Services is committed to paying a
total dividend amount of AED 600 million annually.
Mohammad Ali Al Ansari, Chairman of Al Ansari Financial Services, said: “The financial and
operational performance delivered by Al Ansari Financial Services in 2023 demonstrates the
strength of our business model.”
“The company is proud to report that its strategic growth initiatives and dedication to
innovation have resulted in substantial achievements, delivering long-term value to our
stakeholders,” Al Ansari continued.
He added: “Al Ansari Financial Services has managed to maintain its stability thanks to the
hard work and dedication of our team and the continued support of our stakeholders.”
Al Ansari Financial Services recently unveiled a growth in money transfers from the UAE to
Egypt.

https://english.mubasher.info/news/4263350/Al-Ansari-Financial-Services-to-pay-AED-300m-
dividends-for-H2-23/