Page 121 - AAE PR REPORT - APRIL 2025
P. 121
Al Ansari completes acquisition of BFC Group with
$200 million deal
16h •
2 min read
Al Ansari completes acquisition of BFC Group with $200 million deal
Al Ansari Financial Services (AAFS), a leading UAE-based financial services group and parent
company of Al Ansari Exchange, has completed its acquisition of BFC Group Holdings (BFC) after
securing all regulatory approvals.
The $200 million deal reinforces AAFS’s position as the largest non-banking financial institution
(NBFI) in the GCC by branch network, significantly expanding its presence in Bahrain, Kuwait, and
India.
Financially, the deal is immediately earnings-accretive, with projections indicating a 20 per cent
rise in operating income, a 13 per cent increase in Ebitda and a similar growth in net profit after tax.
The strengthened cash flow is also expected to enhance dividend potential for investors.
Strategically, the acquisition bolsters AAFS’s market leadership in remittances and foreign
exchange, securing the top position in Bahrain, the third spot in Kuwait, and a broader foothold in
https://www.msn.com/en-ae/money/news/al-ansari-completes-acquisition-of-bfc-group-with-
200-million-deal/ar-AA1CFV72?ocid=BingNewsSerp
