Arab Financial Services To Raise Us$ 98 Million To Support Growth Strategy
12/09/21, 11:27 AM
Money raised
$98 million
The shareholders of Arab Financial Services Company B.S.C.(c) ("AFS"), a leading digital payment solutions provider and fintech enabler in the Middle East and Africa, decided to increase the company's authorised share capital to US$ 150 million and its issued and paid-up share capital to US$ 98 million. The decision was taken at an extraordinary general meeting of shareholders held on 5 December 2021, subject to Central Bank of Bahrain approval. The capital increase aims to propel AFS's revenue growth and strategic expansion.
Company Info
Additional Info
AFS is the leading provider of electronic payments outsourcing services in the MENA region. Industry leader in Islamic Credit Cards. PCI DSS Certified, Visa and MasterCard Principal Member, ISO 27001 Certified for Information Security, ISO 22301 Certified for Business Continuity.