Al Ansari Financial Services, a leading integrated financial services group in the UAE, has announced the approval of its first proposed interim dividend payment of AED300 million ($82 million) at 4 fils per share. 

 

The announcement took place during Al Ansari Financial Services' first General Assembly Meeting on November 1, 2023, 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 AED300 million is set to be made in April 2024. All matters relating to future dividend distribution will be subject to Board of Director's recommendation and shareholder's approval.

 

Dividend policy

The approved AED300 million cash distribution is in line with the group's previously announced dividend policy.

 

Rashed Ali Al Ansari, Group Chief Executive Officer of Al Ansari Financial Services, commented: “We are pleased to announce the distribution of our first proposed interim dividend payment of AED 300 million, in accordance with the vision of our Board of Directors and the subsequent approval of our shareholders. We believe that this approval reflects our commitment to ensuring consistent returns and long-term value for our shareholders.”--TradeArabia News Service