Page 83 - AAE PR REPORT - March 2024_Neat

3/21/24, 10:12 AM Al Ansari Financial Services to pay AED 300m dividends for H2-23 | Decypha

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.

Mubasher Contribution Time: 20-Mar-2024 09:53 (GMT)
Mubasher Last Update Time: 20-Mar-2024 09:53 (GMT)

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