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 (AAFS) has completed its acquisition of BFC Group Holdings, becoming the largest non-banking financial services provider in the Gulf Cooperation Council (GCC) region by branch network. This $200 million transaction expands AAFS's presence in Bahrain, Kuwait, and India, increasing its customer base by 29% and branch network by 60%. The acquisition enhances AAFS's operational scale and geographic diversification, benefiting shareholders, customers, and employees. AAFS, known for its digital innovation, plans to extend its digital model to BFC Group entities, reinforcing its position as a digital-first player. The acquisition secures AAFS's market leadership in remittances and foreign exchange, strengthens its regional footprint, and complements its growth strategy with BFC's fintech expertise. The integration is expected to generate cost efficiencies and drive revenue growth.

Disclosure: Press release

a month ago

Al Ansari Digital Pay, the fintech division of Al Ansari Financial Services, has received final approvals from the Central Bank of the UAE for licenses necessary to launch its digital wallet. This development supports financial inclusion and the UAE's move towards a cashless society. The approvals include the Stored Value Facility (SVF) and Retail Payment Services and Card Schemes (RPSCS) licenses, allowing the company to offer digital accounts, prepaid cards, and payment services for businesses. The Al Ansari Wallet, a comprehensive mobile application, is set to launch in Q2 2025, providing financial services to both individuals and businesses, including those without traditional banking access. The initiative aims to enhance digital payment solutions in the UAE.

Disclosure: Press release

2 months ago

Al Ansari Financial Services PJSC announced that its shareholders have approved a total cash dividend of AED 315 million for 2024, which is 78% of the company's net profit after tax. This includes a final dividend payment of AED 157.5 million for the second half of 2024, following an interim dividend of the same amount distributed in October 2024. Chairman Mohammad A. Al Ansari emphasized the company's commitment to shareholder value and strategic growth, despite market challenges. As part of its growth strategy, Al Ansari Financial Services is set to acquire BFC Group Holding for AED 735 million, which will expand its regional presence and strengthen its market position. The acquisition will make it the largest exchange company in Bahrain and the third largest in Kuwait, while also enhancing its presence in India. The company aims to maintain strong financial fundamentals and deliver sustainable shareholder value.

Disclosure: Press release

2 months ago

The text is a proxy form for shareholders of Al Ansari Financial Services PJSC. It allows a shareholder to appoint a proxy to attend and vote on their behalf at the company's General Assembly Meeting scheduled for March 20, 2025, or any adjourned meeting. The form requires details such as the shareholder's name, number of shares held, the name and contact information of the appointed proxy, and the shareholder's signature. The proxy form must be approved or attested by a relevant authority, including their contact details.

Disclosure: Invitation of General Assembly

2 months ago

Al Ansari Exchange, a leading remittance and foreign exchange company in the UAE, has announced a year-long partnership with Jetour UAE and Elite Group Holding for 2025. Jetour UAE will be the exclusive automotive partner for Al Ansari Exchange throughout the year. This partnership builds on a successful collaboration during Al Ansari Exchange’s Winter Promotion in 2024, where Jetour played a significant role in customer engagement. The partnership will integrate Jetour vehicles into promotional activities, offering customers chances to win premium cars and enhancing their experience. Ali Al Najjar, COO of Al Ansari Exchange, expressed delight in extending the collaboration, emphasizing the shared commitment to excellence and innovation. Jesico Gonsalves, General Manager of Jetour UAE, highlighted the partnership's role in supporting community-driven initiatives and delivering exceptional automotive experiences. More details on upcoming promotions featuring Jetour vehicles will be announced later.

Disclosure: Press release

3 months ago

Al Ansari Exchange, the Ras Al Khaimah Government, and the Emirates Foundation have formed a strategic alliance to launch a business development center in Ras Al Khaimah, UAE. This initiative is part of the Emirates Foundation's 'Dawamee' program and aims to empower local talent, expand career opportunities, and promote economic and social development. The project aligns with the directives of Sheikh Mohamed bin Zayed Al Nahyan, designating 2025 as the 'Year of the Community.' The initiative includes educational workshops, job creation, and training programs, particularly targeting housewives, people of determination, and residents in remote areas. The collaboration seeks to create 250 jobs at Al Ansari Exchange over three years and aims to strengthen Emiratization efforts through public-private sector cooperation, promoting social responsibility and comprehensive national development.

Disclosure: Press release

3 months ago

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.

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

3 months ago

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

Disclosure: Financial statements for the year of 2024

3 months ago

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DFM News

News Update From Al Ansari Financial Services PJSC a year ago

Disclosure: Financial statements for the year of 2023

The text is about the consolidated financial statements of Al Ansari Financial Services P.J.S.C for the year ending on 31st December 2023.

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DFM News

News Update From Al Ansari Financial Services PJSC a year ago

Disclosure: Results of BOD meeting

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DFM News

News Update From Al Ansari Financial Services PJSC a year ago

Disclosure: Earnings Call

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DFM News

News Update From Al Ansari Financial Services PJSC a year ago

Disclosure: BOD Meeting

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DFM News

News Update From Al Ansari Financial Services PJSC a year ago

Disclosure: Results of BOD meeting

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DFM News

News Update From Al Ansari Financial Services PJSC a year ago

Disclosure: Postponing BOD meeting date

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DFM News

News Update From Al Ansari Financial Services PJSC a year ago

Disclosure: BOD meeting

1. Attached Document

DFM News

News Update From Al Ansari Financial Services PJSC a year ago

Disclosure: Press Release

Al Ansari Digital Pay, a subsidiary of Al Ansari Financial Services, has gained initial approval from the Central Bank of the UAE to launch a digital wallet. The wallet, which is part of the government's 'cashless society' initiative, is set to be introduced in Q2 2024. It aims to provide a secure and user-friendly platform for digital transactions. The wallet will allow peer-to-peer transfers, salary reception, domestic and international money remittance, bill settlement, and access to other digital services. The Group CEO of Al Ansari Financial Services, Rashed A. Al Ansari, stated that the digital wallet will greatly benefit their consumer base of over 4 million customers.

1. Attached Document

DFM News

News Update From Al Ansari Financial Services PJSC 2 years ago

Disclosure: Press release regarding financial results for the 3rd QTR of 2023

The press release announces the financial results for Q3 2023, which covers the period of nine months ending in November 2023.

1. Attached Document

DFM News

News Update From Al Ansari Financial Services PJSC 2 years ago

Disclosure: Financial statements for the 3rd QTR of 2023

The document provided is a third quarter review report and condensed interim consolidated financial statements for Al Ansari Financial Services PJSC and its subsidiaries. The report covers the nine-month period ending on 30th September 2023.

1. Attached Document

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