Page 168 - AAE PR REPORT - June 2024

5/13/24, 10:30 AM Dailyhunt
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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