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
DUBAI, 27th March, 2023 (WAM) Al Ansari Financial Services today announced it has set the final offer price for its IPO at AED1.03 per share, at the top of the previously announced price range.
The announcement follows the completion of the book building and subscription process for its Initial Public Offering (IPO) on 24th March 2023. Al Ansari raised, through the initial public offering, AED773 million.
The Global Offering attracted considerable demand from both the Qualified Investor Offering and the UAE Retail Offer with.