Banking & Finance UAE’s Al Ansari Exchange mulls IPO early next year By Pramod Kumar August 4, 2022 Creative Commons Al Ansari Exchange has held initial talks with potential advisers about the Dubai listing that may happen in the first quarter of 2023 UAE-based foreign exchange and remittance firm Al Ansari Exchange plans to launch an initial public offering (IPO) early next year, Bloomberg reported, citing people familiar with the matter. The company has held initial talks with potential advisers about the Dubai listing, which may happen in the first quarter of 2023, the sources said. Nevertheless, details are preliminary and may change. “Al Ansari Exchange has been evaluating the idea of going public for some time, however, no final decision has been made yet,” chief executive officer Rashed Al Ansari told the news agency. The company will monitor the market and “make an announcement accordingly,” he added. Al Ansari Exchange, which was set up almost six decades ago, currently has over 200 branches in the UAE.