Company Insights Al Ansari Financial Services ALANSARI Banking and Finance Al Ansari Financial Services Overview Al Ansari Financial Services is a financial services group in the UAE, with headquarters in Dubai. The group’s global platform provides cross-border payments, foreign currency exchange solutions and access to the Wage Protection System in the UAE. Other services include bill collection and pre-paid cards, as well as payment technology. Its operating subsidiaries include Al Ansari Exchange, Al Ansari Exchange in Kuwait (full acquisition by the group is expected to be completed soon), Worldwide Cash Express, CashTrans and Al Ansari Digital Pay. Founded as Al Ansari Exchange in 1966 by the late Ali Abualhassan Al Ansari, the company had 259 physical branches as at 31 March 2024. Through its subsidiaries, Al Ansari Financial Services provides its products and services to both retail and corporate customers. The company listed on the Dubai Financial Market in April 2023 and the offering was 22 times oversubscribed. Al Ansari Financial Services News Banking and Finance Al Ansari says BFC buyout will lift revenues by a fifth Dubai-listed Al Ansari Financial Services expects a 13 percent rise in profits and a 20 percent increase in revenues following its acquisition of BFC Group Holdings, a competing money exchange business, the company CEO has said. “After completing the BFC deal, we have become the largest exchange company in the UAE and Bahrain and the […] April 15, 2025 Analysis Markets State-backed UAE companies lead the pack for share price gains The stock market performance of UAE companies that have gone public in the past few years varies greatly – but government-backed businesses have delivered the biggest gains. There have been 21 notable initial public offerings of UAE companies since the start of 2021 – 13 on the Abu Dhabi Securities Exchange and eight on the […] November 19, 2024 Markets Fees and procedures make UAE IPOs more complex UAE companies seeking to go public must undertake complex and often costly procedures to complete an initial public offering, although fees remain reasonable by international standards because of competition among advisers, according to experts. This decade, Abu Dhabi and Dubai have part-privatised many government-owned companies, sparking an IPO flurry that runs counter to slowdowns in […] June 26, 2024 Analysis Markets Hope for more private UAE listings follows Spinneys IPO The record-breaking interest in supermarket giant Spinneys’ upcoming listing on the Dubai Financial Market could start a rush of private listings in the UAE, industry experts have predicted. The country’s privatisation strategy has led to a raft of government-owned entities being listed on the Dubai and Abu Dhabi stock exchanges. Last year there were 48 […] May 2, 2024 Finance Al Ansari profit falls 16% as remittance takes a hit UAE remittance and foreign exchange house Al Ansari Financial Services reported a 16 percent year on year decline in profit due to a drop in the remittance segment and increased expenses. The company reported a net profit of AED495 million for 2023, hoping the newly announced remittance fee hike will help offset costs and strengthen […] February 14, 2024 Markets Dubai bourse operator’s 2023 profit up 124% to $90m Dubai Financial Market Company, the operator of the Dubai bourse, said net profit jumped 124 percent to AED329.4 million ($89.68 million) last year. The earnings surge was driven by a substantial increase in trading activities, capital inflow and an influx of new investors. Total revenue reached AED541.6 million in 2023, an increase of 54 percent […] January 31, 2024 Finance Family companies don’t like to be questioned, says Mishal Kanoo Most family-run companies in the UAE shy away from becoming listed because they are not accustomed to the level of scrutiny and transparency that an IPO entails, according to leading Gulf businessman Mishal Kanoo. Kanoo, chairman of The Kanoo Group, one of the largest independent groups of companies in the Gulf region – and the […] December 14, 2023 Sustainability DFM to launch pilot for trading carbon credits Dubai Financial Market (DFM), the operator of the Dubai stock exchange, will launch a pilot programme for trading carbon credits during Cop28. The pilot programme for institutional investors starts from December 4 to 8, 2023, with the offsetting period ending on January 10, 2024, the UAE state-run Wam news agency reported. The inaugural pilot will see […] November 24, 2023 Markets Saudi leads ‘very healthy’ GCC IPO pipeline The GCC remains an attractive region for IPO listings with Saudi Arabia leading a healthy pipeline of planned deals for the rest of the year and beyond, say experts. The Middle East and North Africa (Mena) region recorded a 44 percent jump in listings during the second quarter. By contrast, wider Europe, Middle East, India, […] August 9, 2023 Finance UAE’s Al Ansari set to buy majority stake in Omani firm UAE remittance and foreign exchange house Al Ansari Financial Services has proposed to acquire a majority stake in an exchange company in Oman as part of its regional expansion plan. The acquisition is subject to the necessary regulatory approvals and due diligence, the company said in a statement on Monday. It is expected to be […] August 7, 2023 Posts navigation 1 2 Next
Banking and Finance Al Ansari says BFC buyout will lift revenues by a fifth Dubai-listed Al Ansari Financial Services expects a 13 percent rise in profits and a 20 percent increase in revenues following its acquisition of BFC Group Holdings, a competing money exchange business, the company CEO has said. “After completing the BFC deal, we have become the largest exchange company in the UAE and Bahrain and the […] April 15, 2025
Analysis Markets State-backed UAE companies lead the pack for share price gains The stock market performance of UAE companies that have gone public in the past few years varies greatly – but government-backed businesses have delivered the biggest gains. There have been 21 notable initial public offerings of UAE companies since the start of 2021 – 13 on the Abu Dhabi Securities Exchange and eight on the […] November 19, 2024
Markets Fees and procedures make UAE IPOs more complex UAE companies seeking to go public must undertake complex and often costly procedures to complete an initial public offering, although fees remain reasonable by international standards because of competition among advisers, according to experts. This decade, Abu Dhabi and Dubai have part-privatised many government-owned companies, sparking an IPO flurry that runs counter to slowdowns in […] June 26, 2024
Analysis Markets Hope for more private UAE listings follows Spinneys IPO The record-breaking interest in supermarket giant Spinneys’ upcoming listing on the Dubai Financial Market could start a rush of private listings in the UAE, industry experts have predicted. The country’s privatisation strategy has led to a raft of government-owned entities being listed on the Dubai and Abu Dhabi stock exchanges. Last year there were 48 […] May 2, 2024
Finance Al Ansari profit falls 16% as remittance takes a hit UAE remittance and foreign exchange house Al Ansari Financial Services reported a 16 percent year on year decline in profit due to a drop in the remittance segment and increased expenses. The company reported a net profit of AED495 million for 2023, hoping the newly announced remittance fee hike will help offset costs and strengthen […] February 14, 2024
Markets Dubai bourse operator’s 2023 profit up 124% to $90m Dubai Financial Market Company, the operator of the Dubai bourse, said net profit jumped 124 percent to AED329.4 million ($89.68 million) last year. The earnings surge was driven by a substantial increase in trading activities, capital inflow and an influx of new investors. Total revenue reached AED541.6 million in 2023, an increase of 54 percent […] January 31, 2024
Finance Family companies don’t like to be questioned, says Mishal Kanoo Most family-run companies in the UAE shy away from becoming listed because they are not accustomed to the level of scrutiny and transparency that an IPO entails, according to leading Gulf businessman Mishal Kanoo. Kanoo, chairman of The Kanoo Group, one of the largest independent groups of companies in the Gulf region – and the […] December 14, 2023
Sustainability DFM to launch pilot for trading carbon credits Dubai Financial Market (DFM), the operator of the Dubai stock exchange, will launch a pilot programme for trading carbon credits during Cop28. The pilot programme for institutional investors starts from December 4 to 8, 2023, with the offsetting period ending on January 10, 2024, the UAE state-run Wam news agency reported. The inaugural pilot will see […] November 24, 2023
Markets Saudi leads ‘very healthy’ GCC IPO pipeline The GCC remains an attractive region for IPO listings with Saudi Arabia leading a healthy pipeline of planned deals for the rest of the year and beyond, say experts. The Middle East and North Africa (Mena) region recorded a 44 percent jump in listings during the second quarter. By contrast, wider Europe, Middle East, India, […] August 9, 2023
Finance UAE’s Al Ansari set to buy majority stake in Omani firm UAE remittance and foreign exchange house Al Ansari Financial Services has proposed to acquire a majority stake in an exchange company in Oman as part of its regional expansion plan. The acquisition is subject to the necessary regulatory approvals and due diligence, the company said in a statement on Monday. It is expected to be […] August 7, 2023
