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7/31/24, 9:48 AM UAE: Al Ansari signs agreement to acquire BFC Group Holdings WLL for USD 200 million

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UAE: Al Ansari signs agreement to acquire BFC Group Holdings WLL

for USD 200 million

ANI | Updated: Jul 30, 2024 22:36 IST

Abu Dhabi [UAE], July 30 (ANI/WAM): Al Ansari Financial Services (AAFS) has signed a Sales

and Purchase Agreement (SPA) to purchase 100 percent of BFC Group Holdings W.L.L.,
(BFCGH), a prominent foreign exchange and remittance group incorporated in Bahrain, for a

total acquisition purchase price of USD 200 million (AED735 million).

AAFS plans to secure financing under customary market terms to finance the acquisition.

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