Al Ansari Reports 29% Profit Decline Amid Tightening Margins

Aug 14, 2026

57 min

Aug 14, 2026 09:30

Al Ansari profit falls 29% to Dh151m as UAE remittance margins tighten

## Profit Decline

Al Ansari Financial Services experienced a significant drop in net profit, falling by nearly 29% to Dh151 million for the first half of the year. This decline is attributed to geopolitical tensions, reduced activity in key remittance corridors, and increased competition.

## Operating Income and EBITDA

Despite the profit drop, the company's operating income remained relatively stable at Dh635 million. However, EBITDA decreased by 15% to Dh242.8 million, with the EBITDA margin shrinking from 45% to 38.2%.

## Challenges and Strategy

The financial services sector is facing challenges due to tighter transaction margins and competition from fintech firms. CEO Rashed A. Al Ansari emphasized the company's resilience and ongoing investments aimed at strengthening their competitive position.

## Revenue and Assets

Net commission income saw a slight decrease, but currency exchange gains provided some offset. The group's total assets grew by 13% to Dh5 billion, reflecting ongoing investments and regional expansion efforts.

## Future Focus

Al Ansari plans to enhance efficiency by optimizing its network and investing in digital channels and emerging technologies. The company aims to improve operational processes and customer experience through advanced technologies and AI.

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