Dubai, UAE – 30 May 2024: Al Ansari Financial Services PJSC (DFM: ALANSARI) has issued a critical warning to the public regarding a surge in impersonation scams involving unlicensed firms. These fraudulent entities are misusing the Group's name and logo to lure unsuspecting investors into high-return investment schemes, often promoted through social media channels.

Al Ansari Financial Services has made it clear that its shares are traded exclusively on the Dubai Financial Market (DFM) through licensed brokers. The Group does not solicit investments via social media or any unauthorized channels, a fact that investors should keep in mind to avoid falling prey to these scams.

To safeguard the public, Al Ansari Financial Services has outlined several protective measures:

• Invest with licensed firms: Always verify licenses with the Securities and Commodities Authority (SCA) or DFM.
• Beware of high-return promises: Investment schemes that promise high returns with no risk are typically scams.
• Conduct independent research: Thoroughly investigate firms before making any investment decisions.
• Verify identity: If there is any uncertainty about a firm's legitimacy, contact Al Ansari Financial Services directly.
• Report suspicious activity: Notify relevant authorities of any suspected impersonation.

Al Ansari Financial Services is committed to promoting financial literacy and educating the public about the dangers of investment scams. The Group encourages everyone to visit their website or contact them directly for more information and guidance.

Given the current situation, investors should exercise caution. While Al Ansari Financial Services remains a reputable entity in the UAE's financial landscape, the rise in impersonation scams necessitates a vigilant approach to any investment opportunities associated with the Group. For now, maintaining a neutral stance and holding the instrument could be the most prudent course of action until further clarity and security measures are established.