Al Ansari Exchange marked the completion of its 8th iftar meal distribution programme across 13 locations in various Emirates of the UAE. The initiative involved the distribution of 10,000 iftar meals during the Holy Month of Ramadan and was held in partnership with 8 government entities. Speaking about the initiative, Ali Al Najjar, Chief Operating […]
News
06 Apr 2023
Al Ansari Financial Services debuts listing and trading of its shares on the Dubai Financial Market
IPO saw strong investor demand with the offering 22 times oversubscribed[1], demonstrating the attractiveness of the Group’s offering. The listing marks DFM’s first public offering of 2023, following five IPOs from leading government-related and private companies in 2022. This IPO attracted a high demand from both qualified institutional investors and UAE retail investors with total […]
04 Apr 2023
Al Ansari Financial Services records more than 30% growth in transaction volumes through its digital channels during Q1 2023
Al Ansari Financial Services, one of the leading integrated financial services groups in the UAE, is pleased to announce that during the first quarter of 2023, Al Ansari Exchange’s digital channels recorded more than 30% growth in digital remittance transactions compared to the same period last year. In March 2023, the company’s digital channels broke […]
27 Mar 2023
Al Ansari Financial Services successfully completes IPO, raising AED 773 Million, with total demand for the shares on offer surpassing AED 12.7 billion
The final offer price for the Global Offering has been set at AED 1.03 per share, which is the top of the previously announced price range Implied market capitalisation upon listing on the Dubai Financial Market (“DFM”) on April 6, 2023, is AED 7.73 billion (US$ 2.10 billion[1]) The Global Offering attracted tremendous interest […]
24 Mar 2023
Al Ansari Financial Services increases the number of shares allocated to Retail Investors in Its Initial Public Offering
The UAE Retail Offer increased to 56,250,000 ordinary shares from 37,500,000 ordinary shares as a result of very strong demand from retail investors, equivalent to 7.5% of the 750,000,000 ordinary shares on offer up from the previously announced 5.0% The Global Offering size remains unchanged at 750,000,000 ordinary shares, which is 10% of Al Ansari […]
21 Mar 2023
Al Ansari Exchange Dedicates AED 50 Million to Support Ramadan Campaign launched by HH Sheikh Mohammed bin Rashid and Mohammed bin Rashid Al Maktoum Global Initiatives
Al Ansari Exchange announced its contribution of AED 50 Million to support projects launched by Mohammed bin Rashid Al Maktoum Global Initiatives, including the 2023 Ramadan campaign launched by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, with the aim of establishing the largest […]