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2/15/24, 11:11 AM Al Ansari Group Posts Dh495 Million Profit In 2023 | MENAFN.COM
Al Ansari Group Posts Dh495 Million Profit In
2023
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2/14/2024 2:39:58 PM
(MENAFN- Khaleej Times) Al Ansari Financial Services reported on Thursday a net profit of
Dh495 million for 2023 and announced a full-year minimum dividend of Dh600 million, half of
which had already been paid out.
In a statement, the company said:“In accordance with the 2023 dividend policy of the group, a
minimum dividend of Dh600 million (8.0 fils per share) will be distributed, resulting in an
annual dividend yield of 7.74 per cent based on the share price of Dh1.03.”
In November 2023, the Dubai-based group disbursed a cash dividend of Dh300 million (4.0
fils per share) for the first half of the year. The remaining portion of the 2023 dividend,
amounting to Dh300 million (4.0 fils per share), is scheduled for payment in April 2024.
A 15.7 per cent year-over-year decline in net profit to Dh495 million from Dh595 million was
due to a temporary drop in the remittance segment and increased expenses. The recently
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