Page 60 - AAE PR REPORT - March 2024_Neat

3/22/24, 9:18 AM Al Ansari Distributes Dh300 Million Cash Dividend For H2 2023

1 Hour Ago By Amritmohapatra

Al Ansari Distributes Dh300 Million Cash Dividend for H2

2023: Investors Rejoice

An Investor’s Delight: Al Ansari’s Generous Dividend Distribution

Shareholders of Al Ansari Financial Services PJSC, a prominent player in the UAE’s financial landscape, are
celebrating as the company’s board of directors greenlights the distribution of a Dh300 million cash dividend
for the second half of 2023.

Unanimous Decision at Annual General Assembly

The decision to disburse the cash dividend was made during the company’s annual general assembly meeting
held in Dubai. Shareholders convened to deliberate and approve crucial resolutions, including the proposed
dividend distribution.

Amplifying Investor Satisfaction

With this move, Al Ansari Financial Services aims to amplify investor satisfaction by rewarding them with a
significant return on their investment. The Dh300 million cash dividend equates to 4 fils per share and marks
a substantial contribution to the company’s commitment to shareholder value.

Fulfilling Commitments And Beyond

The approved dividend payment aligns seamlessly with the dividend policy outlined in Al Ansari’s initial
public offering (IPO) prospectus. As per the IPO, the company committed to distributing a total dividend
amount of Dh600 million annually for the fiscal year 2023. Additionally, the dividend policy, sanctioned by
the company’s shareholders at the annual general assembly, underscores Al Ansari’s dedication to delivering
consistent returns to its investors.

Chairman’s Perspective: Stability and Growth
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