ICM.com Press Releases

ICM Extends the Opportunity of Al Ansari Financial Services IPO to Investors

London, UK - Wednesday, March 15, 2023 - ICM.com, a leading investment service provider, announced today that it will offer its clients exclusive access to the initial public offering (IPO) of Al Ansari Financial Services, one of the largest foreign exchange and remittance companies in the United Arab Emirates. The IPO is set to launch on the Dubai Financial Market, with Al Ansari Financial Services floating 10% stake equivalent to 750 million shares.

Al Ansari Financial Services is a well-established exchange house in the UAE, with over 200 branches across the country and operations in 30+ countries. The company is known for providing reliable foreign exchange and remittance services and has won several awards for its commitment to excellence and innovation. The firm made a net profit of 595 million dirhams ($162.01 million) last year, up from AED491 million in 2021. 

ICM.com offers investors the chance to subscribe easily without the hassle of applying for a NIN number nor to adhere to a minimum subscription requirement. Its ICM Securities platform also gives investors access to invest in a wide variety of asset classes to better diversify their risk exposure. With additional support of market analysis tools, expert insights, and educational tools, investors can feel confident while making informed decisions.

“We are delighted to add the Al Ansari IPO to our platform, offering our global investors the chance to invest in this respected company," said Shoaib Abedi, CEO of ICM.com “As the leading investment service provider, we are committed to providing our clients with the best investment opportunities in the market. The UAE has seen a boom in IPOs since last year, and we’re pleased to be among the very few offering our clients access to these opportunities."