Al Ansari Financial Services, a prominent integrated financial services group in the UAE, was honored with the 'Best Financial Institution IPO' award for the EMEA region in 2023 by EMEA Finance. This accolade highlights the outstanding execution and robust investor interest in the group's significant initial public offering (IPO) in 2023. The ceremony, organized by EMEA Magazine in London, UK, gathered representatives from top companies and financial entities across the UAE, Middle East, Europe, and Africa, celebrating the most remarkable transactions and dealmakers in the EMEA region. The group's IPO, which successfully raised Dh773 million, was a major achievement. The offering attracted immense interest, with total demand reaching over Dh12.7 billion, far exceeding the initial offering. This award underscores the careful planning, innovative strategies, and effective execution of the Group’s IPO. Rashed A. Al Ansari, Group CEO of Al Ansari Financial Services, expressed deep satisfaction in receiving this esteemed international award, stating: "This recognition from EMEA Finance is a reflection of the hard work and commitment of our team, along with the trust investors have in our company. The success of our IPO across Europe, the Middle East, and Africa is a pivotal point in our journey. We thank Emirates NBD for their crucial support and expertise during our IPO process. We are dedicated to providing value to our shareholders and stakeholders as we progress and expand as a leading financial services provider in the region." Through its wholly-owned subsidiaries, including Al Ansari Exchange – the UAE's largest provider of personal remittances and foreign exchange, WorldWide Cash Express, CashTrans, Al Ansari Exchange in Kuwait (acquisition in progress), and Al Ansari Digital Pay, the group has established a specialized ecosystem facilitating swift, seamless, and secure money movement locally and globally. The recognition from EMEA Finance strengthens the group's strategic direction and its commitment to delivering value. With a robust financial base and a clear vision for the future, Al Ansari Financial Services is poised to leverage emerging opportunities and maintain its leadership in the region's vibrant financial services sector.
Text: Lara Palmer
11.06.2024
Recognized for Exceptional IPO Execution and Investor Demand in 2023 by EMEA Finance