Unicorn acquires Bahrain Financing Company

On 29 January 2009, Unicorn, a Bahrain-based investment bank, acquired Bahrain Financing Company (BFC), a leading foreign exchange and remittance house in the Gulf Cooperation Council (GCC). Under the acquisition agreement, Unicorn has acquired Bahrain Exchange Company in Kuwait and EzRemit in the UK.

Managing Director and Chief Executive Officer of Unicorn, Majid Al Sayed Bader Al Refai said “We are very pleased to have concluded our acquisition of BFC and look forward to working with the company's management and our strategic partners to further grow the company and expand its operations. In particular, we will be exploring opportunities for product diversification and charting an aggressive regional and international expansion plan.”

Source: www.gulf-daily-news.com