It attributed the drop in net profit to predominantly lowered remittance margins, higher costs as well as an increase in financing costs
The DFM General Index posted impressive growth of 14 per cent, closing at 3,972 points while market capitalisation soared to Dhs652bn
The company sold 750 million shares and set the final share price at Dhs1.03, implying a market capitalisation of Dhs7.73bn at listing
The IPO is the largest ever in Abu Dhabi and the largest globally, year to date, as the emirate is expecting eight more listings
The UAE-based money-exchange firm held initial talks with potential advisers about the Dubai listing that may happen in the first quarter of 2023
Al Ansari Exchange’s customers can now easily use DubaiPay as an alternative payment option available on their mobile app