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4/11/25, 9:38 AM Dubai's Al Ansari Financial Services completes $200m BFC deal in Bahrain
Dubai's Al Ansari Financial Services completes $200m BFC deal in Bahrain

DFM-listed Al Ansari makes further headway in expanding outside of UAE
Last updated: April 10, 2025 | 09:17
Manoj Nair, Business Editor

2 MIN READ

The Bahrain BFC Group deal expands Al Ansari's customer base by a near 30%, plus adding to the branch network too.
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Dubai: The Dubai-based Al Ansari Financial Services is now the GCC's biggest non-banking financial services company.
The DFM-listed Al Ansari - which also operates the UAE's biggest remittance firm - laid claim to the title after completing the acquisition of Bahrain's BFC Group Holdings.
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All the regulatory approvals have been received, which makes it the largest non-banking financial institution in the Gulf in terms of branch network. The buy of BFC Group was made for $200 million, and expands Al
Ansari's presence across Bahrain, Kuwait and India. (There is also a takeover process going on in Kuwait.)
In material terms, the BFC deal would raise the Group’s customer base by 29% and branch network by 60%.
The Al Ansari stock is trading at Dh0.96 on DFM, with Dh1.06 being the 52-week high.

Al Ansari financials
Al Ansari is projecting immediate gains on its numbers, including a double-digit EBITDA growth.
The consolidated financial impact based on 2024 data include
* An estimated 20% increase in operating income.

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