February 23, 2024

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Dubai’s Al Ansari Monetary Companies racks up Dh133m in Q1-2023 internet revenue

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Dubai: In its first outcomes after the IPO and DFM itemizing, Al Ansari Monetary Companies checked in a revenue of Dh133 million, larger by 7.2 per cent, with vital positive aspects coming by in remittance volumes. The opposite main contributor was the alternate earnings from its Financial institution Notes and pre-paid card merchandise.

Al Ansari was additionally in a position to sight regular will increase from its digital channels. This marks the group’s fourth consecutive internet revenue improve within the Q1 interval. Al Ansari’s IPO was noteworthy for being one from a household enterprise and as a precursor to extra such listings from such UAE entities.

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