Page 77 - AAE PR REPORT - AUGUST 2025

8/14/25, 9:38 AM SNG: Al Ansari Financial Services H1 operating income up 13% to $173.7mln — TradingView News
* Total transactions increased by 10% YoY to 28 million.

* Outward remittances value of transactions saw a 12% increase YoY.

* Bank notes value of transactions reported a 105% increase YoY.

* Wage Protection System (WPS) number of salary disbursals saw a growth of

25% YoY.

* Digital channels reported an increase of 30% YoY in the number of

transactions, accounting for 23% of the overall outward remittances.

The group’s total number of physical branches reached 439 in H1’25, with Al

Ansari Exchange reaching a total of 274 branches in UAE, as a result of 15 net
new branches since H1’24 and 165 net branches acquired as part of BFC, across

Bahrain, Kuwait and India.

The company said acquisition formalities of Al Ansari Exchange in Kuwait is

expected to be completed by the end Q3’25 (subject to regulatory approvals).

It also said Al Ansari Digital Wallet is set to be launched in Q3’25.

Rashed A Al Ansari, Group CEO of Al Ansari Financial Services, said: “We

continue our strong momentum in the first half of 2025, building upon our

positive first-quarter results coupled with the consolidation of BFC results into

the Group during the second quarter. Despite the ongoing geopolitical
challenges and fierce competition, we achieved solid growth across our business

segments through our focus and discipline on execution and customer

experience. Our results are a testament to the strength of our business model,

the trust of our customers, and our commitment to delivering accessible,

technology-driven financial solutions.

"We continue to successfully grow our customer base and market share,

underscoring the resilience of our brand," he said.

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