Al Ansari Financial Services Announces AED 600 Million Dividend Distribution

Al Ansari Financial Services PJSC, one of the leading integrated financial services groups in the United Arab Emirates, has announced a cash dividend of AED 300 million for H2 2023. This decision was approved at the company's Annual General Assembly Meeting in Dubai, bringing the total dividend distributions for the fiscal year 2023 to a whopping AED 600 million.

The company's financial statements for the year ended 31 December 2023 were also approved. The assembly discussed and approved 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 company's 3-month yield stands at 0.03%, and its 1-month yield at -0.01%, with a market cap of 8,025,000,000.

Given the company's robust dividend distribution and strong financial performance, investors may consider holding onto their shares in the company. While the 1-month yield shows a slight decrease, the company's strategic initiatives and stakeholder support suggest a stable future.

However, it is essential for potential investors to consider their personal financial goals and risk tolerance before making any investment decisions. As always, it's recommended to conduct a comprehensive research or consult with a financial advisor.