Press releases, Reports & Disclosures for Al Ansari Financial Services PJSC

The Corporate Social Responsibility Policy of Al Ansari Financial Services PJSC (AAFS) is subject to adoption by shareholders in the General Assembly. The policy defines various terms including the Articles of Association, Board of Directors, Corporate Social Responsibility (CSR) Policy, Committees, Company, Companies Law, Governance Code, General Assembly, Senior Executive Management, Securities and Commodities Authority (SCA), and Special Resolution. The definitions include descriptions of company structure, legal references, and the management hierarchy.

Al Ansari Exchange, the UAE's largest remittance and foreign exchange company, has reported a significant increase in money transfers from the UAE to Egypt following the Central Bank of Egypt's decision to float the Egyptian Pound. The company stated that this decision is beneficial to Egyptians living in the UAE. Ali Al Najjar, Chief Operations Officer at Al Ansari Exchange, said the move has greatly impacted financial transfers from the UAE to Egypt and reaffirmed the company's commitment to continue offering reliable and efficient financial transfer services. Egypt is the fifth most active corridor for financial transfers from the UAE, after India, the Philippines, Pakistan, and Bangladesh.

The Board of Directors of Al Ansari Financial Services has announced its annual general meeting to be held on March 19, 2024, at the Sheraton Mall of the Emirates Hotel in Dubai. The meeting's agenda includes reviewing and approving the Board of Directors' report, the auditor's report, and the company's financial statements for the fiscal year ending December 31, 2023. They will also consider a recommendation to distribute a cash dividend of AED 300,000,000, representing 400% of the company's paid-up share capital. Other items on the agenda include approving the Board of Directors' remuneration and discussing whether to discharge the board members and the company's external auditors, Deloitte & Touche, from any liability for the fiscal year ended December 31, 2023.

The press release announces the financial results for the fourth quarter and full year of 2023, which were released on 14th February 2024.

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.