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Dubai s Al Ansari Financial Services IPO pulls Dh12 7b as subscriptions, dividend yield at 7 8%

Retail investors make up heavy presence as Al Ansari targets 7.8% dividend yield

United arab emiratesMohammad ali al ansariAl ansariRashed ali al ansariNational bondsCredit suisseAl ansari financial servicesDeutsche bankNational bonds corporation sole proprietorshipAl ansari financial serviceImage creditNational bonds corporation sole

UAE Business: Al Ansari completes IPO, oversubscribed 22 times; raises $2 10bn

l Ansari Financial Services, one of the leading integrated financial

United arab emiratesSaudi arabiaAl ansariMohammad ali al ansariRashed ali al ansariNational bonds corporation sole proprietorshipNational bondsAl ansari financial servicesAl ansari holdingGlobal offeringQualified investor offeringNational bonds corporation soleReceiving banksSelling shareholderAli al ansariGroup chief executive officer

Al Ansari completes IPO, oversubscribed 22 times; raises $2 10bn

Al Ansari Financial Services, one of the leading integrated financial services groups in the UAE, has completed the book building and subscription process of its initial public offering (IPO) raising AED7.73 billion ($2.1 billion).

Saudi arabiaUnited arab emiratesMohammad ali al ansariRashed ali al ansariAl ansariAl ansari holdingNational bonds corporation sole proprietorshipAl ansari financial servicesNational bondsAnsari financial servicesGlobal offeringQualified investor offeringNational bonds corporation soleReceiving banksSelling shareholderAli al ansari

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