Dubai Financial Market (DFM) today welcomed the listing of shares of one of UAE’s prominent family-owned businesses and the parent Group of the UAE’s largest remittance and foreign currency exchange companies, Al Ansari Financial Services (the “Group”). T
Al Ansari Financial Services debuts listing and trading of its shares on the Dubai Financial Market IPO saw strong investor demand with the. | April 6, 2023
<p><i>IPO Saw Strong Investor Demand With The Offering 22 Times Oversubscribed<sup>1</sup>, Demonstrating The Attractiveness Of The Group’s Offering.</i></p>
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<li><i>The listing marks DFM’s first public offering of 2023, following five IPOs from leading government-related and private companies in 2022.</i></li>
<li><i>This IPO attracted a high demand from both qualified institutional investors and UAE retail investors with total gross demand surpassing AED 12.7 billion.</i></li>
<li><i>750 million shares were sold and final share price is set at AED1.03, implying market capitalization of AED7.7 billion at listing.</i></li>
<li><i>The UAE Retail Offer was 44 times oversubscribed even after increasing the number of shares on offer in this