Page 94 - AAE PR REPORT - APRIL 2025

4/11/25, 9:37 AM Al Ansari completes acquisition of BFC Group with $200 million deal

Al Ansari completes acquisition of BFC Group with $200 million

deal

Al Ansari emerges as GCC’s top non-banking financial institution with BFC acquisition
Published: Thu 10 Apr 2025, 5:20 PM
Issac John
By Issac John
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Al Ansari Financial Services (AAFS), a leading UAE-based financial services
UAE: Bharat Mart to open group and parent company of Al Ansari Exchange, has completed its acquisition
UAE: Bharat Mart to open
doors in 2026, initial phase of BFC Group Holdings (BFC) after securing all regulatory approvals.
doors in 2026, initial phase
to cover 1.3 million sqft
to cover 1.3 million sqft
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.

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make quick gains as gol…
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The acquisition boosts AAFS’s customer base by 29 per cent and increases its
branch network by 60 per cent, enhancing operational scale and geographic
diversification.

Rashed A. Al Ansari, group CEO of Al Ansari Financial Services, called the move
a pivotal step in the company’s growth strategy, emphasising its commitment to
innovation and shareholder value. “We are confident this acquisition will deliver
long-term benefits, supported by stronger cash flows post-integration,” he said.

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