Al Ansari Financial Services PJSC signed an agreement to acquire a stake in Mustafa Sultan Exchange Co. L.L.C. in Oman for a company value of AED 23 million.
The transaction marks the Group's entry into the Omani market, adding a network of 21 branches to its regional footprint.
The acquisition aims to leverage Al Ansari’s technology and digital payment capabilities to enhance service offerings and operational efficiency in Oman.
Final completion of the deal remains subject to regulatory approvals from the Central Bank of Oman and other relevant authorities.