A New Chapter : Al Ansari Financial Services to Acquire BFC Group Holdings for $200 Million

UAE’s Al Ansari Financial Services Acquire BFC Group Holdings In a significant move poised to reshape the financial services landscape in the GCC region, Al Ansari Financial Services has signed a sales and purchase agreement to acquire a 100% stake in Bahrain’s BFC Group Holdings WLL for $200 million. This strategic acquisition aims to bolster Al Ansari’s presence, making it the largest remittance and exchange provider in the GCC by branch network. Details of the Acquisition Al Ansari Financial Services has agreed to purchase the entirety of BFC Group Holdings WLL, a Bahraini remittance firm, for a substantial sum of $200 million. This acquisition signifies Al Ansari’s ambitious growth plans and commitment to expanding its market footprint. Strategic Significance This acquisition is a strategic move for Al Ansari Financial Services, significantly increasing its presence across the GCC region. By acquiring BFC Group Holdings, Al Ansari is set to enhance its competitive edge