Page 77 - AAE PR REPORT - March 2024_Neat

3/21/24, 10:12 AM Al Ansari Announces AED 300 Million Dividend For Second Half Of 2023 - OneArabia
Al Ansari Financial Services Approves AED 300 Million

Cash Dividend For H2 2023

By OneArabia Al Ansari Financial Services PJSC, a prominent integrated financial services group in the

UAE, recently convened its Annual General Assembly Meeting in Dubai. The assembly was a pivotal event where

shareholders deliberated and endorsed several critical resolutions. Among the key decisions made was the approval of
the financial statements for the fiscal year ending 31 December 2023. Additionally, a significant announcement was

made regarding the distribution of a cash dividend amounting to AED300 million (4 fils per share) for the latter half of

2023. This decision elevates the total dividend distributions for 2023 to an impressive AED600 million.

The meeting also saw the approval of various company policies concerning the remuneration of its Board of Directors

and senior executive management. Notably, the company's Dividends Policy and its commitment to corporate social
responsibility (CSR) were discussed. In a commendable move, Al Ansari allocated 2 percent of its annual net profits

towards CSR activities aimed at community service.

This approved cash dividend aligns with the dividend policy outlined in Al Ansari's Initial Public Offering (IPO)

prospectus. The company had pledged to disburse a total annual dividend of AED600 million for the year 2023, a

commitment that has been faithfully upheld according to the policy ratified by shareholders at the Annual General
Assembly.

Mohammad Ali Al Ansari, Chairman of Al Ansari Financial Services, expressed his satisfaction with the company's

performance in 2023. He highlighted that Al Ansari Financial Services' robust business model and strategic growth
initiatives have yielded significant achievements. "The financial and operational performance delivered by Al Ansari

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