Company approves interim share payout after strong financial performance
Al Ansari Financial Services Announces Interim Dividend of Dh148.5 Million
In a significant move, Al Ansari Financial Services PJSC has announced an interim cash dividend of Dh148.5 million for the first half of 2025. The dividend, which represents 1.98 fils per share, accounts for approximately 70% of the company's net profit after tax.
The announcement, made by the company's Board of Directors, has been welcomed by shareholders seeking stability and growth. Chairman Mohammad A. Al Ansari described the move as a reflection of the company's robust performance and commitment to shareholders.
"We remain committed to delivering sustainable growth, operational excellence, and reinforcing our leadership in the financial services sector," Al Ansari added. The dividend aligns with Al Ansari's approved policy and signals confidence in its financial health and growth trajectory.
The entitlement date for the dividend is Thursday, September 25, and the ex-dividend date is Friday, September 26. The registry closure date is Monday, September 29, and the distribution date for the dividend is Wednesday, October 15.
However, no information was provided about the number of shares that will receive the dividend, or the impact of the dividend on the company's future financial plans or projections. Additionally, the dividend was not specified as a one-time payment or a recurring dividend.
The dividend announcement comes amid a competitive financial landscape. Despite this, the company's strong financial position has enabled it to make this payment. Rashed A. Al Ansari, the Chief Executive Officer of Al Ansari Financial Services Group and Al Ansari Exchange as of 2025, led the committee of the shareholders' assembly in committing to the payment of the interim dividend.
The move is likely to be well-received by shareholders, as it demonstrates the company's commitment to its shareholders and its confidence in its financial health and growth prospects.
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