Page 60 - AAE PR REPORT - February 2024
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2/15/24, 11:12 AM Al Ansari Financial Services Reports Dh495 Million Net Profit, Com…
diversification, and shareholder value remains unwavering.
Key Points:
Al Ansari Financial Services reported a net profit of Dh495 million for 2023, a decrease from Dh595 million
in the previous year.
The company will pay a total dividend of Dh600 million, with a commitment to distribute a minimum of 70%
of distributable profits in subsequent years.
The decline in net profit was due to a temporary drop in the remittance segment and increased expenses,
which will be offset by an increase in remittance fees.
The company reported a 27.5% year-on-year growth in digital transactions.
The company's strong diversification and commitment to innovation have earned it several awards in
2023.
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