Page 83 - AAE PR REPORT - APRIL 2025

4/15/25, 9:31 AM Al Ansari says new buyout will lift revenues by a fifth | AGBI
Al Ansari says new buyout will

lift revenues by a fifth

By Pramod Kumar April 15, 2025, 9:20 AM

Al Ansari
An Al Ansari outlet. The company is exploring more acquisition
opportunities in the GCC

Dubai-listed Al Ansari Financial Services expects a 13
percent rise in profits and a 20 percent increase in
revenues following its acquisition of BFC Group
Holdings, a competing money exchange business, the
company CEO has said.

“After completing the BFC deal, we have become the
largest exchange company in the UAE and Bahrain
and the third largest in Kuwait,” CNBC
Arabia reported, quoting CEO Rashed Al Ansari.

Last week the remittance and foreign exchange
i d BFC f $200 illi di it

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