Al Ansari Exchange is said to be considering an initial public offering (IPO) next year, amid a spate of listings on UAE bourses.
The money exchange company held initial talks with potential advisers about the listing on the Dubai Financial Market, unnamed sources told Bloomberg, with plans to proceed in the first quarter of 2023.
“Al Ansari Exchange has been evaluating the idea of going public for some time, however no final decision has been made yet,” its chief executive officer Rashed Al Ansari said.
The news come as the Dubai bourse recently saw listings of major local companies including TECOM Group and Union Coop. In Abu Dhabi, Borouge recently staged the biggest IPO on the Abu Dhabi Securities Exchange.
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