Page 39 - AAE PR REPORT - July 2024

The acquisition is subject to necessary regulatory approvals and compliance requirements. Al Ansari
Financial Services is committed to adhering to all regulations and expects to complete the acquisition
within the stipulated timeline, ensuring a smooth and compliant transition.

Future Prospects
Post-acquisition, Al Ansari Financial Services has ambitious growth plans. The company aims to explore
further expansion opportunities in other regions, leveraging the combined strengths of Al Ansari and BFC
Group Holdings to drive future growth
Al Ansari Financial Services‘ acquisition of BFC Group Holdings is a strategic move that significantly
enhances its market position, branch network, and workforce. The financial benefits, improved customer
service, and long-term value for shareholders make this acquisition a pivotal moment in Al Ansari’s
growth journey.

https://thegulfentrepreneur.com/aafs-acquire-bfc-group-holdings/