Page 85 - AAE PR REPORT - March 2024

3/21/24, 10:15 AM Al Ansari Financial Services to pay $81.6mln dividends for H2-23 - Summa Money

Al Ansari Financial

Services to pay

$81.6mln dividends for

H2-23

THE DAILY EDITOR THE DAILY

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.”

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