Dubai – Mubasher: The board members of Al Ansari Financial Services have proposed interim cash dividends valued at AED 300 million for the first half (H1) of 2023, according to a bourse filing.
Subject to the general assembly’s approval and compliance with all necessary regulatory requirements, the UAE group will pay out a dividend of 4 fils per share.
The proposed amount aligns with the company’s previously announced dividend policy of distributing AED 600 million with respect to 2023 earnings.
The first cash dividends will be paid in 2023, while the second amount will be disbursed in 2024.
During the first six months (6M) of 2023, Al Ansari Financial Services registered a 5% year-on-year (YoY) rise in operating income to AED 578.02 million, compared to AED 550.76 million.
Net profit declined by 2.50% to AED 263.29 million in H1-23 from AED 269.96 million in H1-22.
Last June, Al Ansari Exchange, a subsidiary of the DFM-listed group, announced plans to launch 15 new branches across the UAE before the end of 2023.
