Page 166 - AAE PR REPORT - June 2024

Digital channels are thriving, with a 25% YoY transaction increase, improving
customer experience and reducing costs. Branch expansion continues
strategically, reaching 259 locations by the end of the period. Our operational

efficiency remains high, with a steady EBITDA margin of near 45% even in a
rising cost environment.

We expect healthy growth in remittance operating income, especially as the

fee increase comes into effect in the second quarter and the challenge of the
parallel market recedes. Our confidence is bolstered by a positive
macroeconomic outlook in the UAE driven by pro-growth government
initiatives. We are firmly committed to our strategic growth agenda and
remain confident in our ability to unlock greater shareholder value.”

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