Al Ansari Financial Exchange, a company based in the UAE, has announced plans to sell 750 million shares, which represent a 10% stake, in an initial public offering (IPO) and list on the Dubai Financial Market.
The company has set the qualified investor subscription period from March 16 to March 24, while the UAE retail subscription period is scheduled from March 16 to March 23.
The company expects to commence trading on the DFM on April 6. Al Ansari Exchange has been operating for nearly six decades and has 200 branches spread across the UAE, providing exchange services, remittances and payroll solutions.
