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4/11/25, 9:45 AM Al Ansari Financial Services Completes Acquisition of BFC Group - UPPERNEWS: UAE news, Dubai news, technology news
AL ANSARI FINANCIAL SERVICES COMPLETES

ACQUISITION OF BFC GROUP

10.04.2025 BY UPPERNEWS TEAM 2 0

Al Ansari Financial Services PJSC (AAFS), an integrated financial services group in the UAE and parent company of Al Ansari Exchange, has successfully
finalized its acquisition of BFC Group Holdings (BFC). This deal, valued at USD 200 million, positions AAFS as the largest non-banking financial institution
(NBFI) in the Gulf Cooperation Council (GCC) region, particularly in terms of branch network.

Credit: ZAWYA

According to Zawya, the integration of BFC significantly enhances AAFS’s operational scale and geographic reach, increasing its customer base by 29% and expanding
its branch network by 60%. This strategic move is expected to create substantial value for shareholders, customers, and employees alike. AAFS has been a leader in
digital innovation within the financial services sector, with its award-winning Al Ansari Exchange app and a comprehensive suite of advanced digital solutions, aiming to
improve efficiency, personalization, and fraud prevention through the integration of artificial intelligence.
Key impacts of the acquisition include AAFS’s reinforced market leadership as the largest NBFI in the GCC, where it secures the #1 position in Bahrain and #3 in
Kuwait. The acquisition also enhances AAFS’s digital capabilities through BFC’s fintech expertise. The integration is anticipated to yield operational synergies,
generating cost efficiencies that improve profitability and drive revenue growth.
Financially, the acquisition is expected to be immediately earnings-accretive, projecting a 20% increase in operating income and a 13% growth in both EBITDA and net
profit after tax. Rashed A. Al Ansari, Group CEO of Al Ansari Financial Services, highlighted that this acquisition marks a pivotal step for the company, emphasizing their
commitment to regional growth and innovation. He expressed confidence that this move would deliver long-term value for shareholders, noting the anticipated increase
in cash flow following integration.

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