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Al Ansari H1 net profit falls 2 5pc to $71 6m; Op income up 5pc

Al Ansari Financial Services has seen its first-half (H1) 2023 net profit fall 2.5% to AED263 million ($71.6 million) compared to H1 2022, largely driven by lower remittance margins, higher costs as well as an increase in financing costs.

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Al Ansari Financial Services secures approval to acquire controlling stake in leading exchange company in Oman

Al Ansari Financial Services secures approval to acquire controlling stake in leading exchange company in Oman
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Al Ansari Financial Services secures approval to acquire controlling stake in leading exchange company in Oman

Al Ansari Financial Services secures approval to acquire controlling stake in leading exchange company in Oman
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World News | Al Ansari Financial Services Secures Approval to Acquire Controlling Stake in Leading Exchange Company in Oman

Get latest articles and stories on World at LatestLY. Al Ansari Financial Services’ PJSC [DFM: ALANSARI], announced today that it has presented a formal proposal to acquire a majority stake in one of the Sultanate of Oman’s prominent exchange companies. World News | Al Ansari Financial Services Secures Approval to Acquire Controlling Stake in Leading Exchange Company in Oman.

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GCC stock markets are hitting record highs Here s why

After a strong performance last year, the GCC region is set to see more activity in its capital markets in the medium term .

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