Al Ansari Financial Services Announces AED 157.5M Interim Dividend

In a significant move reflecting its robust financial health and commitment to its shareholders, Al Ansari Financial Services PJSC has announced an interim cash dividend for the first half of 2024. The Board of Directors has approved a dividend amounting to AED 157,500,000, which translates to 2.10 Fils per share. This announcement was made on September 23, 2024, and the key dates for the dividend are as follows: the last date of entitlement is September 26, the ex-dividend date is September 27, and the registry close date is September 30. The dividend distribution is scheduled for October 16, 2024.

Mohammad Ali Al Ansari, Chairman of Al Ansari Financial Services PJSC, expressed his satisfaction with the dividend declaration, stating, 'We are pleased to announce this interim dividend payment to our shareholders. This dividend reflects our robust financial performance and our commitment to returning value to our shareholders. We are confident in our ability to continue to deliver sustainable growth and profitability.'

The decision to distribute an interim dividend aligns with the company’s dividend policy and the authorization granted by the shareholders during the General Assembly Meeting held on March 19, 2024. It underscores the company's strong financial performance and its dedication to rewarding its shareholders.

Al Ansari Financial Services PJSC has a rich history dating back to its establishment as a family business in 1966. Over the years, it has evolved into one of the leading integrated financial services groups in the United Arab Emirates. The company offers a wide range of services, including cross-border payments, foreign exchange solutions, access to the Wage Protection System, bill collection, pre-paid cards, and payment technology solutions. Its comprehensive global network and proprietary technology underpin its service delivery, making it a key player in the UAE’s large and growing payments and foreign exchange and remittance market.

Given the company's strong financial performance and its commitment to returning value to shareholders, it is advisable for current investors to hold their positions. The interim dividend is a positive indicator of the company’s financial health and its ability to generate sustainable growth and profitability. However, potential investors should consider the broader market conditions and the company's future performance before making any investment decisions.

In conclusion, Al Ansari Financial Services PJSC’s announcement of an interim dividend for the first half of 2024 is a testament to its robust financial health and commitment to shareholder value. The company’s strong performance and strategic initiatives position it well for continued growth and profitability.