Page 120 - AAE PR REPORT - APRIL 2025

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

Looking ahead, AAFS aims to leverage its strengthened market position and expanded footprint to drive sustainable growth in key markets. The Group will continue to
focus on unlocking new revenue streams and optimizing operational efficiencies while further accelerating its digital transformation strategy. The acquisition of BFC is
set to open additional opportunities for strategic partnerships and product innovation across important remittance corridors.
BFC Group Holdings operates various financial services, including Bahrain Financing Company and Bahrain Exchange Company, and has been a trusted provider of
money transfer and currency exchange solutions since 1917. The Group boasts over 160 branches worldwide and a global reach through partnerships with companies
like MoneyGram and Transfast.

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