Al Ansari Financial Services Approves AED 315 Million Dividend for 2024
Al Ansari Financial Services PJSC has announced that its shareholders have approved the Board of Directors’ recommendation to distribute a total cash dividend of AED 315 million (4.2 fils per share) for 2024. This payout represents approximately 78% of the company’s net profit after tax for the year.
During the Annual General Assembly, shareholders approved a final dividend payment of AED 157.5 million (2.1 fils per share) for the second half of 2024, following the interim dividend of AED 157.5 million distributed in October 2024. The move reinforces Al Ansari Financial Services’ commitment to delivering strong returns to its shareholders.
Commitment to Shareholder Value
Commenting on the decision, Mohammad A. Al Ansari, Chairman of Al Ansari Financial Services, stated:
“This dividend distribution reflects our commitment to generating sustainable value for our shareholders while maintaining a strong financial position. Despite market challenges, we have delivered solid performance, reinforcing our leadership in the sector. Our ability to return significant value to our shareholders while executing on our strategic growth initiatives underscores the strength of our business model and long-term vision. We remain focused on driving growth, operational efficiency, and long-term shareholder returns.”
Strategic Expansion and Future Growth
Al Ansari Financial Services is also advancing its growth strategy with the upcoming acquisition of BFC Group Holding for AED 735 million. This acquisition is set to expand the company's regional presence, positioning it as the largest exchange company in Bahrain and the third-largest in Kuwait, while also strengthening its footprint in India.
The expansion is expected to enhance Al Ansari Financial Services’ financial performance and further solidify its market leadership. With a disciplined approach to value creation, robust financial fundamentals, and a clear strategic vision, the company remains committed to strengthening its market position and delivering sustainable value to shareholders.
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