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7/31/24, 9:49 AM World News | UAE: Al Ansari Signs Agreement to Acquire BFC Group Holdings WLL for USD 200 Million | LatestLY
World News | UAE: Al Ansari Signs Agreement to

Acquire BFC Group Holdings WLL for USD 200

Million

Get latest articles and stories on World at LatestLY. 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).

Agency News ANI | Jul 30, 2024 10:50 PM IST A- A+

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
Representative Image
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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