Al Ansari Financial Services PJSC

Ticker/ISIN

ALANSARI

AEE01198A238

Market/Country

Dubai Financial Market

United Arab Emirates

About Al Ansari Financial Services PJSC

Al Ansari Financial Services PJSC (the “Group”) is one of the leading integrated financial services groups in the United Arab Emirates with a history dating back to its establishment as a family business in 1966. On 31 March 2023, the Company was established in its current form, as a public joint stock company.

The Group's global platform provides cross-border payments, foreign exchange solutions, access to the Wage Protection System in the United Arab Emirates and other services such as bill collection and pre-paid cards as well as payment technology solutions to consumers and businesses in the large and growing payments and foreign exchange and remittance market in the United Arab Emirates. The Group delivers its products and services through a comprehensive global network underpinned by its proprietary technology.

Company's Activities are detailed in AOA and Listing Prospectus.

Latest Pressrelease Summaries from Al Ansari Financial Services PJSC

Al Ansari Financial Services PJSC has approved an interim cash dividend of AED 148.5 million for the first half of 2025, equivalent to 1.98 Fils per share and about 70% of the company's net profit after tax. The dividend entitlement date is September 25, 2025, with the ex-dividend date on September 26, 2025. The shareholder registry will close on September 29, 2025, and the dividend will be distributed on October 15, 2025. This decision aligns with the company's dividend policy and aims to return value to shareholders while maintaining a strong financial position and pursuing growth strategies. The company's chairman, Mohammad A. Al Ansari, stated that the dividend approval reflects the company's business strength and commitment to sustainable growth and operational excellence.

Disclosure: Press release

a month ago

Al Ansari Financial Services reported a 13% year-on-year increase in operating income, reaching AED 638 million for the first half of 2025. This growth is attributed to the consolidation of BFC Group's results from the second quarter and strong performance across most business lines. EBITDA rose by 11% to AED 287 million, with a margin of 45%, due to higher operating income. Net profit after tax increased by 3% to AED 212 million, despite higher finance costs from a shareholder loan for the BFC acquisition. Total transactions grew by 10% to 28 million, with outward remittances and bank notes transactions increasing by 12% and 105% respectively. The Wage Protection System saw a 25% rise in salary disbursals, while digital channels experienced a 30% increase in transactions, making up 23% of outward remittances. The company expanded its physical presence to 439 branches, including 274 in the UAE, and plans to complete the acquisition of Al Ansari Exchange in Kuwait by the end of Q3 2025. Additionally, Al Ansari plans to launch a digital wallet in Q3 2025.

Disclosure: Press release regarding financial results for the 2nd QTR of 2025

2 months ago

Al Ansari Financial Services PJSC and its subsidiaries have released a review report and condensed interim consolidated financial statements for the six-month period ending on June 30, 2025. This report covers the financial performance and activities of the company during the second quarter of 2025.

Disclosure: Financial statements for the 2nd QTR of 2025

2 months ago

Al Ansari Exchange, a leading remittance and foreign exchange company in the UAE, announced the winner of its 2025 Al Ansari Millionaire Promotion. Albert Rioflorido, a Filipino resident in the UAE for 12 years, won the AED 1 million grand prize during a draw at the Metropolitan Hotel in Dubai. The promotion ran from March 1 to May 29, 2025, with millions participating through transactions at Al Ansari Exchange branches and digital platforms. Two additional winners, Muhammad Rizwan Malik and Mohamad Khalil Haitham, each won a Jetour Dashing SUV, and weekly draws awarded 12 customers holiday packages worth AED 5,000 each. The campaign saw increased engagement via the Al Ansari Exchange app, offering triple entries per transaction and exclusive deals. Chief Operating Officer Ali Al Najjar highlighted the campaign's role in celebrating customer trust and rewarding loyalty, with partnerships from JS Bank, Jetour, and Travelwings. Now in its 12th year, the Al Ansari Millionaire Promotion is a key annual event for the company.

Disclosure: Press release

4 months ago

Al Ansari Financial Services PJSC, the largest non-banking financial services provider in the GCC, has opened a new business solutions center in Hyderabad, India. This center, named Al Ansari Financial Services Solutions Private Limited, is intended to enhance efficiency, productivity, and cost-effectiveness for the Group. By capitalizing on India's talent and technological expertise, the center will support the Group's digital transformation efforts. Deputy Group CEO Mohammad Bitar highlighted the Group's commitment to innovation and operational excellence, emphasizing the new office's role in streamlining operations and creating career opportunities. The India office will focus on optimizing processes and developing solutions for the financial industry, aiming to foster collaboration and innovation. Initially, an IT Excellence Centre has been set up, with plans to expand into business process outsourcing services to further optimize operations and support strategic growth.

Disclosure: Press release

5 months ago

The text references a date, May 15, 2025, and mentions H.E. Waleed Saeed Al Awadi.

Disclosure: Result of Earnings Call

5 months ago

Al Ansari Financial Services reported a 10% increase in net profit after tax, reaching AED 109 million, driven by strong operating income and robust performance across all business lines. Operating income rose by 7% year-over-year (YoY) to AED 294 million, contributing to a 13% YoY increase in EBITDA, which amounted to AED 138 million with a margin of 46.8%. Total transactions grew by 1% YoY to 12.5 million, while the value of bank notes transactions increased by 6% YoY to AED 22 billion. The Wage Protection System saw a 27% YoY increase in salary disbursals, reaching 2.5 million. Digital channels experienced a 16% YoY rise in transactions, making up 24% of overall outward remittances. The company is expanding in line with its strategy, with Al Ansari Exchange's physical branches reaching 270 by Q1 2025. Al Ansari Financial Services completed the acquisition of BFC Group Holdings, with figures to be consolidated in Q2 2025, and plans to acquire Al Ansari Exchange in Kuwait by Q2 2025. Additionally, the Al Ansari Digital Wallet is set to launch in Q2 2025.

Disclosure: Press release regarding financial results for the first QTR of 2025

5 months ago

Al Ansari Financial Services PJSC and its subsidiaries have released a review report and condensed interim consolidated financial statements for the first quarter, covering the three-month period ending on March 31, 2025.

Disclosure: Financial statements for the 1st QTR of 2025

5 months ago

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Dubai Financial Market News

News Update From Al Ansari Financial Services PJSC 8 months ago

Disclosure: Result of Earnings Call

1. Attached Document

Dubai Financial Market News

News Update From Al Ansari Financial Services PJSC 8 months ago

Disclosure: Press release regarding financial results for the 4th QTR of 2024 and Full Year 2024

Al Ansari Financial Services has announced its financial results for the full year 2023, as well as its earnings release for the fourth quarter of the fiscal year 2024.

1. Attached Document

Dubai Financial Market News

News Update From Al Ansari Financial Services PJSC 8 months ago

Disclosure: Financial statements for the year of 2024

Al Ansari Financial Services P.J.S.C. has released its consolidated financial statements for the fiscal year ending on December 31, 2024.

1. Attached Document

Dubai Financial Market News

News Update From Al Ansari Financial Services PJSC 8 months ago

Disclosure: Results of BOD Meeting

1. Attached Document

Dubai Financial Market News

News Update From Al Ansari Financial Services PJSC 9 months ago

Disclosure: Earnings Call

1. Attached Document

Dubai Financial Market News

News Update From Al Ansari Financial Services PJSC 9 months ago

Disclosure: Earnings Call

1. Attached Document

Dubai Financial Market News

News Update From Al Ansari Financial Services PJSC 9 months ago

Disclosure: BOD meeting

1. Attached Document

Dubai Financial Market News

News Update From Al Ansari Financial Services PJSC 9 months ago

Disclosure: BOD meeting

1. Attached Document

Dubai Financial Market News

News Update From Al Ansari Financial Services PJSC 9 months ago

Disclosure: Press release

Al Ansari Financial Services PJSC has announced a strategic partnership with Abhi Middle East Limited to expand financial service options for consumers in the UAE. This collaboration aims to introduce Earned Wage Access (EWA) and Send Now, Pay Later (SNPL) services by the second quarter of 2025, pending regulatory approvals. These services are designed to support unbanked and underbanked communities by providing early access to earned wages and enabling immediate international remittances with deferred payment. The partnership builds on Al Ansari's previous collaborations with fintech platforms to enhance service efficiency and scalability. Both companies emphasize their commitment to improving financial accessibility and offering flexible solutions to meet diverse customer needs.

1. Attached Document

Dubai Financial Market News

News Update From Al Ansari Financial Services PJSC 10 months ago

Disclosure: Press release

Al Ansari Financial Services and Halan have formed a strategic partnership to offer innovative financial services in the UAE, targeting underbanked and unbanked populations. The collaboration introduces Salary Advance and Send Now, Pay Later (SNPL) services, aimed at providing Al Ansari's customers with enhanced financial flexibility and convenience. Salary Advance allows individuals to access a portion of their wages before payday, reducing reliance on high-interest credit. The partnership leverages Al Ansari's financial expertise and Halan's fintech platform to deliver secure and accessible solutions tailored to the needs of the UAE workforce. The SNPL service enables customers to send money instantly and repay in installments, further supporting financial inclusion and empowerment.

1. Attached Document

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