Al Ansari Financial Services PJSC
Year to date
-0.06 %
3 months
-0.02 %
6 months
-0.05 %
1 year
-0.16 %
3 years
0.00 %
5 years
0.00 %
The Group's global platform provides cross-border payments, foreign exchange solutions, access to the Wage Protection System in the United Arab Emirates and other services such as bill collection and pre-paid cards as well as payment technology solutions to consumers and businesses in the large and growing payments and foreign exchange and remittance market in the United Arab Emirates. The Group delivers its products and services through a comprehensive global network underpinned by its proprietary technology.
Company's Activities are detailed in AOA and Listing Prospectus.
Latest Pressrelease Summaries
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Al Ansari Financial Services has approved a cash dividend of AED 300 million for H2 2023 at its Annual General Assembly Meeting in Dubai. This brings the total dividend distributions for the fiscal year 2023 to AED 600 million. The company's financial statements for the year ended 31 December 2023 were also approved, along with various policies related to the remuneration of the Board of Directors and senior Executive management, the company's Dividends Policy, and the company's corporate social responsibility. The Chairman of Al Ansari Financial Services highlighted the company's strong financial and operational performance in 2023, attributing it to the company's strategic growth initiatives, innovation, and the support of stakeholders.
The Corporate Social Responsibility Policy of Al Ansari Financial Services PJSC (AAFS) is subject to adoption by shareholders in the General Assembly. The policy defines various terms including the Articles of Association, Board of Directors, Corporate Social Responsibility (CSR) Policy, Committees, Company, Companies Law, Governance Code, General Assembly, Senior Executive Management, Securities and Commodities Authority (SCA), and Special Resolution. The definitions include descriptions of company structure, legal references, and the management hierarchy.
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Al Ansari Exchange, the UAE's largest remittance and foreign exchange company, has reported a significant increase in money transfers from the UAE to Egypt following the Central Bank of Egypt's decision to float the Egyptian Pound. The company stated that this decision is beneficial to Egyptians living in the UAE. Ali Al Najjar, Chief Operations Officer at Al Ansari Exchange, said the move has greatly impacted financial transfers from the UAE to Egypt and reaffirmed the company's commitment to continue offering reliable and efficient financial transfer services. Egypt is the fifth most active corridor for financial transfers from the UAE, after India, the Philippines, Pakistan, and Bangladesh.
The Board of Directors of Al Ansari Financial Services has announced its annual general meeting to be held on March 19, 2024, at the Sheraton Mall of the Emirates Hotel in Dubai. The meeting's agenda includes reviewing and approving the Board of Directors' report, the auditor's report, and the company's financial statements for the fiscal year ending December 31, 2023. They will also consider a recommendation to distribute a cash dividend of AED 300,000,000, representing 400% of the company's paid-up share capital. Other items on the agenda include approving the Board of Directors' remuneration and discussing whether to discharge the board members and the company's external auditors, Deloitte & Touche, from any liability for the fiscal year ended December 31, 2023.
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The press release announces the financial results for the fourth quarter and full year of 2023, which were released on 14th February 2024.
The text is about the consolidated financial statements of Al Ansari Financial Services P.J.S.C for the year ending on 31st December 2023.