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Al Ansari Financial Services
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Al Ansari Financial Services experiences a first-day surge on DFM, with its stock rising by 17.5% from Dh1.03.
The successful IPO of Al Ansari Financial Services reflects the confidence of investors in the company's growth prospects, as well as the broader outlook for the UAE's financial services sector.
Al Ansari Financial Services has experienced an increase in transaction volumes of over 30%.
Al Ansari Financial Services has been experiencing strong growth in transaction volumes, attributed to the UAE's robust economy and increasing popularity of digital financial services. The company has been investing heavily in digital technologies and offering innovative solutions that cater to modern consumer needs.
Dubai’s Al Ansari Exchange has completed its first public offering (IPO), generating Dh773 million.
The UAE money and exchange company Al Ansari Financial Services may raise up to Dh773 million ($210 million) via the sale of a 10% interest in an initial public offering. According to the firm, it is selling 750 million shares and has set the offer share price range at between Dh1 and Dh1.03 per share, implying a market capitalisation of between Dh7.5 billion ($2.04 billion) and Dh7.73 billion ($2.10 billion) at listing.