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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 - www.lokmattimes.com
UAE: Al Ansari signs agreement to acquire BFC Group Holdings
WLL for USD 200 million
By ANI | Published: July 30, 2024 10:36 PM
Abu Dhabi [UAE], July 30 (ANI/WAM): Al Ansari Financial Services (AAFS) has signed a Sales and
Purchase Agreement (SPA) ...
UAE: Al Ansari signs agreement to acquire BFC Group Holdings WLL for USD 200 million
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.
https://www.lokmattimes.com/international/uae-al-ansari-signs-agreement-to-acquire-bfc-group-holdings-wll-for-usd-200-million/ 1/3
