Al Ansari Financial Services Announces Interim Dividend Payment

Al Ansari Financial Services, one of the leading integrated financial services groups in the United Arab Emirates, has announced an interim dividend payment of AED 300 million. This proposed payout aligns with the company's previously announced dividend policy of distributing AED 600 million for the 2023 earnings, with half to be paid in 2023 and the remaining in 2024. This move suggests that the company is confident in its financial health and future prospects. Despite a slight decline in yields over the past month, the company's market cap stands strong at 8,550,000,000. The Group's activities, as detailed in AOA and Listing Prospectus, include cross-border payments, foreign exchange solutions, access to the Wage Protection System in the UAE, and other services such as bill collection and pre-paid cards. Their services are delivered through a comprehensive global network underpinned by proprietary technology. This broad range of services, combined with a robust global platform, positions Al Ansari Financial Services well for future growth. The company's commitment to dividend payouts also indicates a strong focus on shareholder returns, making it an attractive option for investors seeking consistent income. Given these factors, the future of Al Ansari Financial Services looks optimistic.