Arab Financial Services Corporation to raise US$98 million to support growth strategy – QNT Press Release

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Manama, Bahrain, December 9, 2021 /PRNewswire/ – shareholders of Arab financial services company BSC(c) (“vending machine“), the leading digital payment solution provider and financial technology promoter in the Middle East and Africa, decided to increase the company’s authorized share capital to 150 million U.S. dollars and increase its issued and paid-up share capital to 98 million U.S. dollars. The decision It was approved by the Central Bank of Bahrain at the special general meeting of shareholders held on December 5, 2021. The capital increase aims to promote AFS’s revenue growth and strategic expansion.

The AFS Board of Directors welcomed the shareholders’ firm commitment to supporting the company’s strategy. With a clear plan and agile methodology, AFS aims to…

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