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 […]
News
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 […]
16 Mar 2023
Al Ansari Financial Services announces offer price range and start of subscription period for Initial Public Offering
Price range has been set at between AED 1.00 and AED 1.03 per share, implying a market capitalisation of between AED 7.50 billion (US$ 2.04 billion) and AED 7.73 billion (US$ 2.10 billion[1]) upon listing A total of 750 million (750,000,000) ordinary shares (the “Shares”), equivalent to 10% of Al Ansari Financial Services’ (the “Group”) […]
09 Mar 2023
Al Ansari Financial Services Announces it’s intention to float on the Dubai financial market
750 million (seven hundred and fifty million) ordinary shares (the “Shares”) will be made available in the Global Offering, representing [10] % of Al Ansari Financial Services’ issued share capital. The Global Offering comprises the Qualified Investor Offer and the UAE Retail Offer The Qualified Investor Offer subscription period is expected to run from […]