Al Ansari Financial Services has completed its $200 million acquisition of Bahrain-based BFC Group Holdings following regulatory approvals. The deal increases Al Ansari’s customer base by 29% and branch network by 60%, positioning it as the largest non-banking financial institution in the GCC by branch count.
The acquisition extends Al Ansari’s presence into Bahrain, Kuwait, and India, securing top market positions in these regions. The combined entity now operates over 410 branches and employs approximately 6,000 staff.
Financially, the deal is expected to be immediately accretive. Based on 2024 figures, projections indicate a 20% increase in operating income and a 13% rise in both EBITDA and net profit after tax.
Al Ansari plans to integrate its digital platforms and AI-driven services across the expanded network to enhance operational efficiency and customer engagement. The company also intends to leverage economies of scale to improve profitability and drive revenue growth.
