Al Ansari Financial Services PJSC (“AAFS” or “the Group”), has formally announced its intention to float 10% of its issued share capital on the Dubai Financial Market (“DFM”) through an initial public offering (“IPO” or “the Offer”).
The Audit Committee helps the Board oversee financial reporting, audits, and controls, including reviewing financial statements and external auditor work.
The Board Committee has established two permanent committees – an Audit Committee and a Nomination and Remuneration Committee (each of which will be subject to the composition requirements of the Governance Rules).
Al Ansari Financial Services operates exchange companies in the United Arab Emirates, Kuwait, and globally, including Al Ansari Exchange, CashTrans, Worldwide CashExpress, and Al Ansari Exchange Kuwait.
Al Ansari Financial Services has facilitated secure money transfers, exchanges, and payments for tourists, residents, and businesses for over 50 years.