Page 87 - AAE PR REPORT - APRIL 2025

4/14/25, 9:12 AM Al Ansari Financial Services Acquires BFC Group Holdings, Strengthening Its Regional Leadership in Financial Services -

FINTECH

Al Ansari Financial Services Acquires BFC Group

Holdings, Strengthening Its Regional Leadership in

Financial Services

Shahzaib 3 Days Ago 03 Mins

Al Ansari Financial Services (AAFS), a leading integrated financial services provider in the UAE and the parent company
of Al Ansari Exchange, announced the successful completion of its acquisition of BFC Group Holdings on April 10. The

transaction, valued at $200 million, has received all necessary regulatory approvals.

This acquisition solidifies AAFS’s position as the largest non-banking financial institution (NBFI) in the Gulf region, based
on its expansive branch network. The acquisition extends AAFS’s reach across Bahrain, Kuwait, and India, boosting the
group’s customer base by 29% and expanding its branch network by 60%.

As a pioneer in digital innovation in the financial services sector, AAFS continues to lead with its award-winning Al Ansari
Exchange app and a comprehensive suite of digital solutions, delivering seamless, secure, and customer-focused
experiences. The company is actively integrating artificial intelligence across its operations to enhance efficiency,
personalization, and fraud prevention.

AAFS now plans to replicate its digital-first model across BFC Group entities, further strengthening its position as a
dominant digital leader in the NBFI space.

Strategic Impact and Value Creation

Market Leadership: AAFS solidifies its dominance as the largest non-banking financial services provider in the
GCC, with a leading position in remittances and foreign exchange.
Geographic Expansion: The acquisition strengthens AAFS’s regional presence, securing the #1 position in Bahrain,
#3 in Kuwait, and expanding its customer base in India, complementing its leading position in the UAE market.

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