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8/12/24, 10:44 AM UAE: Al Ansari's net profit totals AED205 million in H1 2024 – ThePrint – ANIFeed

UAE: Al Ansari’s net profit totals AED205

million in H1 2024

ANI 09 August, 2024 11:02 pm IST

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Abu Dhabi [UAE], August 9 (ANI/WAM): Al Ansari Financial Services PJSC, one of the
leading integrated financial services groups in the UAE, today reported its financial
results for the first half of 2024, logging AED205 million in net profit after tax.

In H1 2024, the group recorded AED136 million in EBITDA (Earnings Before Interest,
Tax, Depreciation, and Amortisation), a decline of 8 percent year-on-year (YoY).

The Group’s money transfer service, Worldwide Cash Express, excelled with a
remarkable 118 percent YoY growth in the number of transactions to third-party
customers and an 81 percent YoY increase in transaction value, reaching US$110 million.

Meanwhile, customer adoption of Al Ansari’s digital channels grew substantially, with the
transaction volume climbing by 24 percent YoY.

This remarkable growth underscores the effectiveness of the Group’s customer-centric
digital strategy, demonstrating the platform’s ability to consistently meet and exceed user
expectations in terms of convenience and usability.

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