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8/2/24, 1:33 PM Al Ansari Financial Services to Acquire BFC Group for $200 Million
Al Ansari Financial Services to Acquire BFC
Group for $200 Million
AUGUST 1, 2024
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Dubai, UAE – Al Ansari Financial Services (AAFS), a leading financial services provider based in
Dubai, has announced its agreement to acquire Bahrain’s BFC Group Holdings (BFCGH) for $200
million (AED 735 million). This strategic acquisition, set to be completed by the first quarter of
2025 pending regulatory approvals, will significantly expand AAFS’s branch network and market
presence across the GCC and India.
BFC Group Expansion and Growth
The acquisition will increase AAFS’s branch network by 60%, bringing the total number of
branches to over 410 across the UAE, Bahrain, Kuwait, and India. The combined entity will
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