Page 61 - AAE PR REPORT - February 2024

2/15/24, 11:12 AM PRESSR: Al Ansari Financial Services announces its financial results for full year 2023 — TradingView News
PRESSR: Al Ansari Financial

Services announces its

financial results for full year

2023

Feb 14, 202409:49 GMT+4

ALANSARI 0

In accordance with the 2023 dividend policy of the Group, a minimum dividend

of AED 600 million (8 fils per share) will be distributed, resulting in an annual

dividend yield of 7.74% based on the share price of AED 1.03. In November 2023,

the Group disbursed a cash dividend of AED 300 million (4 fils per share) for the

first half of the year. The remaining portion of the 2023 dividend, amounting to
AED 300 million (4 fils per share), is scheduled for payment in April 2024. These

proposed dividends await approval from shareholders during the upcoming

General Assembly Meeting as recommended by the Company's Board of

Directors. The dividend policy for subsequent years outlines a commitment to

distribute a minimum of 70% of distributable profits. This dividend strategy
reflects the Group's robust financial position and its confidence in generating

substantial cash flows in the future.

SELECTED FINANCIAL HIGHLIGHTS FY’2023

Operating Income No. of Transactions
-1.9% YoY +8.5% YoY

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