Al Ansari Financial Services PJSC

Ticker/ISIN

ALANSARI

AEE01198A238

Market/Country

Dubai Financial Market

United Arab Emirates

About Al Ansari Financial Services PJSC

Al Ansari Financial Services PJSC (the “Group”) is one of the leading integrated financial services groups in the United Arab Emirates with a history dating back to its establishment as a family business in 1966. On 31 March 2023, the Company was established in its current form, as a public joint stock company.

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 from Al Ansari Financial Services PJSC

Al Ansari Financial Services has announced its financial results for the full year 2023, as well as its earnings for the nine months and third quarter of 2024.

Disclosure: Press release regarding financial results for the third QTR of 2024

a month ago

Al Ansari Financial Services PJSC and its subsidiaries have released a review report and condensed interim consolidated financial statements for the nine-month period ending on September 30, 2024. This report covers the financial performance and activities of the company during the third quarter of 2024.

Disclosure: Financial statements for the 3rd QTR of 2024

a month ago

Al Ansari Exchange, the largest remittance and foreign exchange company in the UAE, has partnered with MEX Global Financial Services LLC, part of the MultiBank Group, to streamline customer payments. This partnership allows customers to make deposits and withdrawals from their trading accounts at any Al Ansari Exchange branch in the UAE. The collaboration aims to enhance customer experience by providing a convenient and efficient way to manage financial transactions, complying with local regulations. With over 260 branches, Al Ansari Exchange offers MultiBank Group clients near-instant deposit and withdrawal services. The partnership emphasizes both companies' commitment to customer-centric innovation and secure financial solutions. MultiBank Group, established in 2005 and serving over 1 million clients globally, is known for its advanced trading solutions and strong regulatory compliance. For more information, visit Al Ansari Exchange's website.

Disclosure: Press release

2 months ago

Al Ansari Exchange, a leading remittance and foreign exchange company in the UAE, has partnered with the Embassy of the Islamic Republic of Pakistan in Abu Dhabi to open a new Consular Hall. This facility features a modern queue management system and aims to improve the visitor experience. The collaboration highlights Al Ansari Exchange's commitment to supporting the Pakistani community in the UAE and fostering strong ties between the UAE and Pakistan. The initiative is part of the company's corporate social responsibility efforts to promote safe remittance practices. CEO Rashed A. Al Ansari expressed gratitude for the collaboration and emphasized the company's dedication to contributing positively to the communities it serves.

Disclosure: Press release

2 months ago

Al Ansari Financial Services PJSC has announced an interim cash dividend for the first half of 2024, amounting to AED 157,500,000 or 2.10 Fils per share. The important dates for this dividend are as follows: the last date of entitlement is September 26, 2024, the ex-dividend date is September 27, 2024, the registry close date is September 30, 2024, and the dividend distribution date is October 16, 2024. This decision aligns with the company's dividend policy and was authorized by shareholders at the General Assembly Meeting on March 19, 2024. Chairman Mohammad Ali Al Ansari stated that the dividend reflects the company's strong financial performance and commitment to shareholder value.

Disclosure: Press release

3 months ago

Al Ansari Financial Services has announced its financial results for the full year 2023 and released its earnings for the first half of 2024.

Disclosure: Press release

4 months ago

Al Ansari Financial Services PJSC and its subsidiaries have released their review report and condensed interim consolidated financial statements for the six-month period ending on June 30, 2024, covering the second quarter of 2024.

Disclosure: Financial statements for the 2n QTR of 2024

4 months ago

Al Ansari Financial Services PJSC (AAFS) has signed an agreement to acquire BFC Group Holdings W.L.L. (BFCGH) for USD 200 million. This acquisition aims to expand AAFS's geographic presence and service portfolio, making it the leading provider of foreign exchange and remittance services in the Gulf Region. The combined entity will have over 410 branches across the UAE, Bahrain, Kuwait, and India, with a workforce of approximately 6,000 employees. The consolidated revenues for FY23 are projected to be around USD 385 million, a 22% increase from AAFS's reported revenue. The transaction is expected to close by Q1 2025, pending regulatory approvals and other conditions.

Disclosure: Press release

5 months ago