DUBAI, UAE – Al Ansari Financial Services announced the approval of its first proposed interim dividend payment of US$81 million (AED 300 million).
The announcement took place during the company’s first General Assembly Meeting on Wednesday, marking a significant event following the company’s listing on the Dubai Financial Market (DFM) in April 2023.
On the other hand, a second payment of a minimum of US$81 million is set to be made in April 2024.
All matters relating to future dividend distribution will be subject to the Board of Director’s recommendation and shareholder’s approval.
The approved US$81 million cash distribution aligns with the group’s previously announced dividend policy.
Group Chief Executive Officer of Al Ansari Financial Services, Rashed Ali Al Ansari said, “We are pleased to announce the distribution of our first proposed interim dividend payment of US$81 million, per the vision of our Board of Directors and the subsequent approval of our shareholders.”
He said, “This approval reflects our commitment to ensuring consistent returns and long-term value for our shareholders.”
With the latest announcement, Al Ansari Financial Services exemplifies its commitment to delivering maximum value for its customers and shareholders.
As a result of its streamlined financial services, the company is well-positioned to continue its upward trajectory and contribute to the overall development of the UAE’s remittance sector.
