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Al Ansari Exchange shares opened sharply higher on the first trading day on Thursday, jumping more than 19 per cent in the first three minutes of trading...
Al Ansari, an integrated financial services group in UAE, has announced that the price range of its initial public offering has been set at between AED1 to AED1.03 (28 cents) per share. It plans to raise as much as AED773 million ($210 million) in IPO.
A total of 750 million (750,000,000) shares, equivalent to 10% of the Group’s issued share capital, will be offered, resulting in a total Offering size of between Dhs750 million ($204 million) and Dhs773 million ($210 million).
The IPO subscription period for Al Ansari Financial Services will run until March 23 for the UAE retail offering
Al Ansari Financial Services today announced the offer price range per share and the start of the subscription period for its Initial Public Offering (IPO) on the Dubai Financial Market (DFM).The price range for the Global Offering has been set at between AED1.00 and AED1.03 per share, implying a ma ..