Al Ansari Financial Services Prepares for Key General Assembly
Al Ansari Financial Services PJSC announces a pivotal General Assembly Meeting, inviting shareholders to participate via proxy.
Summary
Al Ansari Financial Services PJSC is set to hold a General Assembly Meeting on March 20, 2025, allowing shareholders to appoint proxies to vote on crucial company decisions.
Al Ansari Financial Services PJSC, a prominent name in the UAE's financial landscape, has announced an upcoming General Assembly Meeting scheduled for March 20, 2025. This meeting represents a significant event for shareholders, offering them the opportunity to influence key decisions impacting the company's future. The announcement includes a proxy form, enabling shareholders to appoint representatives to attend and vote on their behalf.
Established in 1966, Al Ansari has grown from a family business into a leading public joint stock company, offering a wide range of financial services, including cross-border payments, foreign exchange solutions, and access to the UAE's Wage Protection System. The company's extensive network and proprietary technology underpin its service delivery, making it a formidable player in the region's financial services market.
The General Assembly Meeting is a pivotal moment for the company, as it provides a platform for shareholders to engage with the company's leadership and participate in decision-making processes. The use of proxies is particularly significant, as it allows for broader participation, ensuring that even those unable to attend in person can have their voices heard.
For investors, this meeting is an opportunity to assess the company's strategic direction and governance. The decisions made could have lasting impacts on the company's operations and financial health. Given the neutral outlook on the company's future, investors might consider holding their positions until after the meeting, when more clarity on the company's strategic initiatives and potential market impacts will be available.
In conclusion, while Al Ansari Financial Services PJSC stands as a robust entity in the UAE's financial services sector, the upcoming General Assembly Meeting is a crucial event that could shape its trajectory. Investors are advised to stay informed and consider holding their investments as the company navigates this important phase.
Source
Summary
The text is a proxy form for shareholders of Al Ansari Financial Services PJSC. It allows a shareholder to appoint a proxy to attend and vote on their behalf at the company's General Assembly Meeting scheduled for March 20, 2025, or any adjourned meeting. The form requires details such as the shareholder's name, number of shares held, the name and contact information of the appointed proxy, and the shareholder's signature. The proxy form must be approved or attested by a relevant authority, including their contact details.
Summary
The Board of Directors of Al Ansari Financial Services PJSC invites shareholders to the company's Annual General Meeting on March 20, 2025, at 2 PM, which will be held both physically at the company's premises in Dubai and online. The agenda includes the following ordinary resolutions: reviewing and approving the Board of Directors' report on the company's activities and financial position for the fiscal year ending December 31, 2024; approving the auditor's report and the financial statements for the same period; approving a cash dividend distribution of AED 315,000,000, which includes an interim dividend already paid in October 2024 and a final dividend pending shareholder approval; approving the Board of Directors' remuneration totaling AED 1,980,000; and deciding whether to discharge the Board of Directors and the external auditors, Deloitte & Touche (M.E), from any liability for the fiscal year ended December 31, 2024.
Summary
The disclosure clarifies the appointment of proxies for attending the general assembly meeting of Al Ansari Financial Services PJSC, in accordance with Article 40 of the SCA Corporate Governance Guide. Shareholders eligible to attend the meeting can delegate a representative, who is not a board member or company employee, to attend and vote on their behalf. This proxy must explicitly state the representative's rights and cannot represent more than 5% of the company's issued capital. Individuals without legal capacity must be represented by their legal representatives. The shareholder's signature on the proxy must be verified by specific entities such as a notary public, a chamber of economic department in the UAE, a licensed bank or company where the principal has an account, a licensed financial market in the UAE, or any other licensed attestation entity. The proxy form provided is a guideline, allowing the principal to issue the proxy with appropriate limits and powers, ensuring the signature is verified by one of the mentioned authorities.
