Page 45 - AAE PR REPORT - February 2024

2/15/24, 11:11 AM Al Ansari Financial Services reports 15.7% decline in 2023 net profit to Dh495 million - Finance Middle East

Al Ansari will distribute a minimum dividend of Dh600 million (8 f ils per share) per the 2023 dividend policy, with
shareholders to approve the proposal at the upcoming General Assembly Meeting.

“ The Foreign Exchange and Remittance Group (F ERG) has obtained approval for exchange houses under the
jurisdiction of UAE authorities to implement an optional strategic fee adjustment, allowing for a minimum
increase of 15%, said Rashed A. Al Ansari, Group CEO of Al Ansari F inancial Services. “ This strategic move aligns
seamlessly with our commitment to sustainable expansion and is anticipated to exert a substantial positive
influence on our f inancial performance, directly impacting our bottom line and bolstering overall prof itability.”

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