Arab Financial Services Secures $50 Million Investment to Accelerate Growth Across the MEA Region

Bahrain’s Arab Financial Services (AFS) has secured $50 million in fresh capital aimed at boosting its operations and expanding into new markets. This investment, approved by shareholders during an Extraordinary General Meeting, will fuel the company's growth across the Middle East and Africa (MEA) region.

 

AFS, a leading provider of digital payment solutions, plans to use the capital to enhance its existing services and enter new markets. Key initiatives include launching merchant acquiring services in the UAE and expanding its payment processing business into African countries. Additionally, the company intends to leverage its payment services provider license in Egypt to broaden its acquiring market activities.

 

Owned by 37 banks and financial institutions, AFS operates across more than 20 countries in the MEA region. Its services include debit, credit, and Islamic card processing, merchant acquiring, fintech solutions, and various value-added services.

 

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