Page 37 - AAE PR REPORT - AUGUST 2025

8/15/25, 8:49 AM Al Ansari Reports Record H1 2025 Growth with BFC Boost IHammer Mindset
AI Integration
The Group has begun integrating Artificial Intelligence (AI) into its systems, delivering results that have already exceeded early
expectations. AI applications are enhancing:

Fraud detection.

Transaction processing efficiency.
Personalised customer service.

Strategic Expansion Beyond UAE

BFC Group Acquisition

The acquisition of BFC Group has expanded Al Ansari’s footprint beyond the UAE, adding operations in Bahrain, Kuwait, and India.
This strategic move aligns with the Group’s goal to diversify geographically and serve a broader customer base.

The Kuwait acquisition process is expected to be completed by end-Q3 2025, pending regulatory approvals.

Branch Network

Following the BFC consolidation, Al Ansari now operates 439 physical branches, a significant jump from 259 branches in H1 2024.
This expansion strengthens its physical presence across the GCC and South Asia.

Upcoming Digital Wallet Launch

In a move that could redefine customer engagement, Al Ansari is preparing to launch its digital walletlater in 2025. This product is
expected to:

Allow customers to store, send, and spend money with ease.
Provide enhanced security and transaction transparency.
Integrate with existing Al Ansari services for a unified financial experience.

Leadership Commentary

Rashed A. Al Ansari, Group CEO, expressed confidence in the company’s trajectory:

“We continue our strong momentum, building upon positive first-quarter results and the consolidation of BFC. Despite challenges,
we achieved solid growth across our segments, underscoring the strength of our business model and the trust of our customers.”

He also emphasised the Group’s role in advancing financial inclusion and commitment to supporting both individuals and businesses
in the UAE, GCC, and beyond.

Mohammad Bitar, Deputy Group CEO, highlighted operational execution:

“Our focus on strengthening service delivery and operational efficiency has positioned us for sustained growth. The BFC acquisition
is a milestone, and our upcoming digital wallet will redefine how customers manage their money.”

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