Dubai-based Al Ansari Financial Services has achieved success in the Dubai financial market. This company focuses on money transfers and money exchanges and most recently their shares have risen by over 17%, marking the first IPO in Dubai this year. This family-owned company sold 750 million shares in the offering, representing a 10% stake in the company.*

 The CEO is Rashed Ali Al Ansari, who disclosed that their size led the company to decide to go public. The Dubai-based family-owned company has been in operation for 55 years and attributes its success to transactions on physical exchanges rather than Al Ansari's online application. Al Ansari Financial Services conducts 126,000 transactions a day and has 3 million customers.

The IPO of Al Ansari Financial Services follows two major listings in Abu Dhabi including the Adnoc Gas IPO, which raised $2.5 billion and is billed as the biggest share sale this year.*

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* Past performance is no guarantee of future results.