Finablr re-branded WizzFinancial agrees deal to acquire Bahrain Financing Company
- Date: 03-Aug-2021
- Source: Arabian Business
- Sector:Financial Services
- Country:Bahrain
Finablr re-branded WizzFinancial agrees deal to acquire Bahrain Financing Company
The UAE-Israeli consortium of Prism Group AG & Royal Strategic Partners, who agreed in December of last year to buy the troubled UAE foreign exchange and digital payments company Finablr, have signed a sales and purchase deal to acquire BFC Group Holdings and its subsidiaries via their newly created WizzFinancial platform.
The deal entails combining Finablr and BFC Group under the WizzFinancial domain to create the largest regional remittance services and currency exchange group with direct presence in all six GCC countries and licenses to operate in over 30 countries.
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