Shares of UAE's Al Ansari Financial Services up 16.5% on market debut

Kitco Media
By Reuters
Published:
Updated:
Reuters
DUBAI, April 6 (Reuters) - Shares in UAE-based currency exchange company Al Ansari Financial Services climbed 16.5% above its listing price on its market debut after raising $210.5 million in an initial public offering (IPO) for 10% of the business. The shares traded at 1.2 dirhams as the Dubai market opened on Thursday, against an IPO price near the top of the indicative range at 1.03 a share.



(Reporting by Hadeel Al Sayegh Editing by David Goodman)

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