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Al Ansari Financial Services debuts listing and trading of its shares on the Dubai Financial Market

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 ....

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Al Ansari Financial Services Debuts Listing And Trading Of Its Shares On The Dubai Financial Market

<p><i>IPO Saw Strong Investor Demand With The Offering 22 Times Oversubscribed<sup>1</sup>, Demonstrating The Attractiveness Of The Group&rsquo;s Offering.</i></p> <p>&nbsp;</p> <ul> <li><i>The listing marks DFM&rsquo;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 &nbsp;AED 12.7 billion.</i></li> <li><i>750 million shares were sold &nbsp;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 ....

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