UAE24x7
  • UAE
  • News
  • Entertainment
  • Sports
  • Business
  • Lifestyle
  • Food & Drink
  • Expo 2021
No Result
View All Result
  • UAE
  • News
  • Entertainment
  • Sports
  • Business
  • Lifestyle
  • Food & Drink
  • Expo 2021
No Result
View All Result
UAE24x7
No Result
View All Result
Home Business

Dubai IPO: UAE Exchange Firm Al Ansari Picks Banks for Dubai Listing

Thamilvanan by Thamilvanan
August 22, 2022
in Business
0
Dubai IPO: UAE Exchange Firm Al Ansari Picks Banks for Dubai Listing
Share on FacebookShare on Twitter

Al Ansari Exchange has picked EFG-Hermes and Emirates NBD Bank PJSC to lead its planned Dubai initial public offering(IPO), according to experts on the matter.

The United Arab Emirates-based money-exchange firm could list in the first quarter of 2023, the people said, asking not to be identified as the information isn’t public. Preparations for the IPO are ongoing and details such as timing could still change, they said.

Representatives for Al Ansari, Emirates NBD and EFG-Hermes declined to comment. 

The Gulf region remains a bright spot for IPOs with a growing pipeline of potential listings despite a handful of lackluster trading debuts in recent months. 

After being among the world’s best performers at the start of the year, the region’s main equity indexes have since given up many of their gains. The last two listings in Dubai — supermarket operator Union Coop and property firm Tecom Group — tumbled on their first trading days.

Al Ansari Exchange was started almost 60 years ago and currently has over 200 branches in the UAE, making it one of the largest exchange companies in the country. In addition to exchange services, it offers remittances, services for paying domestic workers and savings plans, according to its official website.

Tags: Al Ansari ExchangeIPO
  • Trending
  • Comments
  • Latest
How to check UAE visa status & validity using only passport

How to check UAE visa status & validity using only passport

September 10, 2021
The most important advice that every tourist should take into account when visiting Dubai

The most important advice that every tourist should take into account when visiting Dubai

July 25, 2020
Procedures for Renewing the Driving License in Abu Dhabi [3 Simple Steps]

Procedures for Renewing the Driving License in Abu Dhabi [3 Simple Steps]

September 21, 2021
The Top & Most Popular Seafood Bucket Restaurants in Dubai for you [Never Miss]

The Top & Most Popular Seafood Bucket Restaurants in Dubai for you [Never Miss]

September 23, 2021
Is classroom education a distant dream now?

Is classroom education a distant dream now?

0
Is classroom education a distant dream now?

Asia’s Biggest Book Market Damaged Beyond Belief!

0

Is earth’s magnetic field weakening creating another nightmare on planet earth?

0

UK’s new twin Nuclear Power Plant is catastrophic: Environmentalists

0
5 Best UAE day trips to escape the city

5 Best UAE day trips to escape the city

September 28, 2022
UAE travellers alert: Passengers must declare cash and items worth more than Dh58,000 when visiting Saudi Arabia

UAE travellers alert: Passengers must declare cash and items worth more than Dh58,000 when visiting Saudi Arabia

September 27, 2022
Saudi Arabia plans to send a female astronaut to space in 2023

Saudi Arabia plans to send a female astronaut to space in 2023

September 23, 2022
Get your medical fitness results for visas in under 30 minutes

Get your medical fitness results for visas in under 30 minutes

September 23, 2022
UAE24x7

Menus

  • UAE
  • News
  • Entertainment
  • Sports
  • Business
  • Lifestyle
  • Food & Drink
  • Expo 2021

Recent News

5 Best UAE day trips to escape the city

5 Best UAE day trips to escape the city

September 28, 2022
UAE travellers alert: Passengers must declare cash and items worth more than Dh58,000 when visiting Saudi Arabia

UAE travellers alert: Passengers must declare cash and items worth more than Dh58,000 when visiting Saudi Arabia

September 27, 2022
No Result
View All Result
  • UAE
  • News
  • Entertainment
  • Sports
  • Business
  • Lifestyle
  • Food & Drink
  • Expo 2021

© 2021 UAE24X7