Al Ansari Financial Services PJSC: A Robust Dividend Payout on the Horizon
Dubai Financial Market's Al Ansari Financial Services PJSC has recently announced a hefty cash dividend payout, sparking interest among investors.
Summary
Al Ansari Financial Services PJSC, a listed company in Dubai Financial Market, has scheduled its annual general meeting on March 19, 2024. The meeting's agenda includes the approval of a substantial cash dividend payout.
Al Ansari Financial Services PJSC, a prominent entity in the Dubai Financial Market (DFM), has recently made a noteworthy announcement. The Board of Directors has invited its shareholders to the annual general meeting scheduled for March 19, 2024, to be held both physically and electronically. The meeting's agenda is laden with significant points of discussion, including the approval of the Board's report, the auditor's report, and the financial statements for the fiscal year ending December 31, 2023.
What has captured investors' attention, however, is the proposed cash dividend amounting to AED 300,000,000. This represents a staggering 400% of the company's paid-up share capital. Including the interim dividend paid in November 2023, the total cash dividend for 2023 will be AED 600,000,000. Such a robust dividend payout is a clear indication of the company's financial health and its commitment to reward its shareholders.
Moreover, the board's remuneration for the period from April 6, 2023, to December 31, 2023, totaling AED 622,500, will also be considered. The meeting will also discuss the discharge of the board members and the external auditors, Deloitte & Touche (M.E), from any liability for the fiscal year 2023.
Considering the company's strong financial position, the significant dividend payout, and the backing of the Government of Dubai, the outlook for Al Ansari Financial Services PJSC appears bright. For investors, this could be a golden opportunity to invest in a company that not only has a strong foothold in the financial market but is also committed to sharing its success with its shareholders.
Source
Summary
The Board of Directors of Al Ansari Financial Services PJSC has invited its shareholders to its annual general meeting on March 19, 2024. The meeting will be held both physically at the Sheraton Mall of the Emirates Hotel in Dubai and electronically. The agenda includes the approval of the Board of Directors' report, the auditor's report, and the financial statements for the fiscal year ending December 31, 2023. The board also recommends the distribution of a cash dividend amounting to AED 300,000,000, representing 400% of the company's paid-up share capital. The total cash dividend for 2023, including the interim dividend paid in November 2023, will be AED 600,000,000. The board's remuneration for the period from April 6, 2023, to December 31, 2023, totaling AED 622,500, will also be considered. The discharge of the board members and the external auditors, Deloitte & Touche (M.E), from any liability for the fiscal year 2023 will also be discussed.
