Subsidiaries

Connecting millions of people to our wide range of financial services globally

Al Ansari Exchange – established in 1966 and licensed by the Central Bank of the UAE, is the UAE’s first exchange company and has grown to be the largest outward personal remittance and foreign exchange company in the UAE with over 280 branches across the Emirates (as of October 2025). The Company has conducted 134 thousand transactions per day (as of December 2023) and in 2021 has captured almost one-quarter of the outward personal remittance market share in the UAE, including other exchange houses and banks. Al Ansari Exchange has also captured 35% market share of the retail foreign exchange market in 2021 . Since its founding, the Company has significantly scaled its digital presence through its award-winning app, website and in-branch smart counters, enabling it to capture a 41% share of the digital outward personal remittances market among exchange houses in 2021.

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CashTrans – is an integrated cash management solution company formed in 2011 providing cash transportation, processing, and security services to leading financial institutions, private enterprises and major corporations in the UAE.

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Blue Remit (previously known as Worldwide Cash Express), brings over 50 years of trusted expertise in financial services to the global remittance industry. As a B2B-focused Money Transfer Operator (MTO), Blue Remit partners with businesses to provide secure, swift, and reliable cross-border payment solutions.

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Al Ansari Exchange in Kuwait, which was established in 2002, is a prominent foreign exchange and money transfer company in Kuwait, and the Al Ansari family’s first foray outside of the UAE. The acquisition of Al Ansari Exchange in Kuwait by the Group is currently ongoing.

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Al Ansari Digital Pay offers a revolutionary digital wallet empowering individuals and businesses to conduct transactions with ease and confidence. Through its user-friendly platform, customers can conveniently receive salaries, remit money domestically and abroad, settle bills and access various digitally enabled services.

BFC Group Holdings (BFC Group / The Group) is the holding company for Bahrain Financing Company (BFC), Bahrain, Bahrain Exchange Company (BEC), Kuwait, BFC Forex & Financial Services PVT Ltd (BFC Forex), India and BFC Payments, Bahrain. With roots dating back to 1917, the Group specialises in sending and receiving money securely and efficiently across the globe and offers foreign currency exchange solutions at the best available rates. BFC Group, continues to grow its retail network and currently has over 160 branches located across the world. In addition, BFC Group also has an extensive global reach of over 200 countries and territories through its partnership with MoneyGram, Transfast and EzRemit.

Al Ansari Financial Services Solutions Pvt Ltd (AAFS Solutions) is the Global Capability Center of Al Ansari Financial Services PJSC, a Dubai Financial Market-listed company and the leading integrated ﬁnancial services group in the GCC. Established in 2024 in Hyderabad, India, our center plays a pivotal role in accelerating the Group’s global strategy, leveraging a rich talent pool and technological expertise to deliver scalable and future-ready solutions.

As a Global Capability Center, we act as a strategic extension of the headquarters in the UAE, enabling the Group to streamline operations, enhance efﬁciency, and deliver transformative digital and business solutions.