Al Ansari Financial Services PJSC

Al Ansari Financial Services has approved an interim cash dividend of AED 300 million at its first General Assembly Meeting. This approval follows the company's listing on the Dubai Financial Market (DFM) in April 2023. A second payment of at least AED 300 million is planned for April 2024. Future dividend distribution will be subject to the Board of Directors' recommendations and shareholder approval. The CEO of Al Ansari Financial Services stated that the approved cash distribution demonstrates the company's commitment to providing consistent returns and long-term value for its shareholders. The company plans to distribute cash dividends in November 2023 and April 2024.

Al Ansari Financial Services' subsidiary, CashTrans, has opened a state-of-the-art Cash Management Centre in Dubai. The centre, located in the secure Dubai CommerCity area close to Dubai International Airport, provides a range of cash vault services including the import and export of banknotes internationally, the transfer of money and valuables locally, and cash processing and vaulting services. The centre is fully equipped to securely handle and store cash and valuable items. The move aligns with Al Ansari Financial Services' growth strategy to expand its services and enhance corporate customer satisfaction.

Zain FinTech and Al Ansari Financial Services have entered a Memorandum of Understanding (MoU) to collaborate on enhancing financial services through technology. This partnership aligns with Zain's growth strategy to expand its fintech services and advance the region's digital ecosystem. Both companies aim to redefine the remittance experience and enable secure fund transfers by leveraging fintech and other modern tools. The alliance will allow them to advance financial services and tech solutions in the region, improving customer experiences in the markets they operate. Zain FinTech, a part of Zain Group, offers a variety of innovative products and services related to payments, remittances, credit cards, and micro-finance.

The document is a special proxy given by a shareholder of Al Ansari Financial Services PJSC to a representative. The representative is authorized to vote on the shareholder's behalf at the General Assembly meeting scheduled for Wednesday, 1 November 2023, or any adjourned meeting. The document is dated and signed by the shareholder.

Al Ansari Financial Services has announced that it has employed over 360 UAE nationals in the first nine months of this year, increasing the percentage of Emirati employees in its workforce to 13.3%. This move is in line with the UAE’s 'Projects of the 50' Emiratisation policy and is aimed at enhancing diversity and skill levels within the company. The new hires, who hold various roles across the group, have access to learning and development programmes and resources from the Group’s Learning Academy. The company has been actively participating in hiring and networking events for local talent.

Al Ansari Financial Services' Board of Directors has recommended an interim dividend payment of AED 300 million (4.0 fils per share), pending approval from shareholders at the upcoming General Assembly and adherence to regulatory requirements. 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.