Investor relations

Building trust and driving value

At AFS we believe in transparency, accountability, and open communications with our shareholders and diverse stakeholders.

Our story

At AFS we empower the region’s business and banking communities, end-users and consumers with customized payments technologies and solutions.

Regulated by the Central Bank of Bahrain and licensed by the Central Bank of Egypt and the Central Bank of UAE, AFS is owned by a total of 36 banks and financial institutions and serves over 60 bank clients in more than 20 countries across the Middle East and Africa region.

The company provides numerous ground-breaking end-to-end digital payment products, services and solutions to banks and businesses. These include card processing services, merchant acquiring, fintech solutions and value-added services.

Our dedication to payments innovation and delivering cutting-edge payments technology has propelled AFS to become a market leader.

We are committed to being the leading enabler for digital transaction transformation and we offer unique, future-driven payments experiences.

We fast-track payments innovation and make superior digital payments experiences a more accessible, secure, convenient, and seamless reality, regionally.

Our board of directors

Guiding our vision and strategy.

Mr. Suresh Padmanabhan

Chairman

Dr. Fakher Buferna

Director

Mr. Musab M. Msallem

Director

Mr. Siegfried Heimgaertner

Director

Dr. Yousif Almas

Director

Resources

Ensuring transparency with unrestricted access to key documents and statements.

Shareholders' rights to participate and vote

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Shareholder list

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AFS Corporate Governance Charter

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Latest news & announcements

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Partnership

May 18, 2026

2 min read

Arab Financial Services (AFS) and Libyan Islamic Bank Partner to Advance Libya’s Digital Payments Infrastructure

Arab Financial Services (AFS), the Middle East and Africa’s leading digital payments and fintech enabler, has announced a strategic partnership with Libyan Islamic Bank (LIB) to accelerate the modernization of Libya’s payment landscape through advanced card issuance, processing, and digital infrastructure solutions.Through this collaboration, Libyan Islamic Bank will leverage AFS’s advanced Visa card issuance and processing capabilities to deliver faster, more seamless onboarding and improved customer experiences. The partnership also incorporates AFS’s enhanced security framework, featuring tokenization and encryption technologies to safeguard transactions and customer data across all digital channels. In addition, AFS will support Libyan Islamic Bank in building a scalable infrastructure designed for agility, innovation, and future growth, paving the way for the rapid introduction of next-generation payment solutions in the Libyan market.“Seeing this strategy move from a blueprint into reality is a proud moment for our partnership. By leveraging AFS’s digital framework, Libyan Islamic Bank is optimizing its operations to deliver the fast, intuitive experiences its customers expect. This is a milestone for the future of Libyan finance, and AFS is honored to support it.” said AFS Group CEO Dr. Samer Soliman.“As Libya advances toward a more connected and cashless economy, our partnership with AFS enables us to deliver secure, efficient, and innovative card services that meet international standards,” said Libyan Islamic Bank General Manager ADEL KSHAD “By modernizing our payment infrastructure and embracing new technologies, we are equipping our customers with faster, safer, and more convenient ways to bank, while supporting the nation’s broader digital transformation and economic development goals.”This partnership builds upon AFS’s expanding presence in North Africa and aligns with the company’s strategic efforts to strengthen regional connectivity, promote innovation, and foster financial inclusion across emerging markets. It also complements AFS’s broader mission to empower institutions with modern payment infrastructure and accelerate the region’s transition toward a cashless, digital economy.

Announcement

Mar 17, 2026

1 min read

Arab Financial Services Appoints Mahmoud Ismail as Managing Director, Egypt and Group Head of Acquiring Products

Arab Financial Services (AFS), the leading digital payments provider and fintech enabler across the MENA region, announced the appointment of Mahmoud Ismail as Managing Director, Egypt and Group Head of Acquiring Products.Mahmoud joins AFS from Adyen, where he led regional growth and planning across MEA. With over 20 years of experience across major global and regional payment organizations, he brings the technical and operational expertise required to scale payment ecosystems in high-velocity markets.He will execute a dual mandate focused on advancing AFS’s position in the Egyptian market while evolving the Group’s regional acquiring strategy to deliver more intuitive, merchant-centric solutions across the MENA region.Samer Soliman, CEO of AFS, commented: “In Egypt, our focus is market dominance. Mahmoud has the operational grit and technical depth required to scale our footprint and evolve our product proposition across the Group.”Mahmoud Ismail added: “AFS has built a formidable reputation and a solid foundation in Egypt. I look forward to working with our 200-strong local team to accelerate our momentum and deliver the seamless, omnichannel payment experiences that the modern market demands.”

Partnership

Jan 15, 2026

2 min read

Comera Pay, the Digital Payments Arm of Comera Financial Holdings, a subsidiary of the Royal Group, Launches Merchant Acquiring Payment Solutions in the UAE with AFS as Processing Partner.

Comera Pay, the digital payments division of Comera Financial Holdings, a subsidiary of Royal Group, has officially launched its payment solution in the UAE, in collaboration with Arab Financial Services (AFS). This collaboration aims to empower businesses across the country with modern, secure, and scalable payment acceptance tools.The newly launched solution is tailored for businesses of all sizes, from small retailers to large enterprises. It supports a wide range of payment methods including chip and PIN, contactless cards, payment gateway service, mobile wallets, and QR payments. The solution also integrates key operational features such as real-time transaction tracking, daily settlement summaries, and seamless reconciliation making it a complete business enablement tool, not just a payment device.This initiative reinforces Comera Pay’s commitment to simplifying finance through technology. Known for its digital wallet, remittance services, and growing suite of financial offerings, Comera Pay is now extending its reach into merchant services enabling business owners to accept payments more efficiently while enhancing customer experience at the point of sale.Akhtar Saeed Hashmi, Managing Director & Group CEO of Comera Financial Holdings, stated: “This launch marks a new chapter in our journey to build a fully connected financial ecosystem. Our payment solution is designed to serve the evolving needs of businesses in today’s digital-first marketplace, with simplicity, speed, and security at its core.”AFS CEO, Samer Soliman, said: “I am excited about this partnership, which is the perfect match of Comera Pay’s fresh thinking and AFS’s established reach. Agility only truly works when you have the scale to back it up., and by bringing our organisations together, we’re giving our clients a real edge with faster, borderless connectivity across the region.”With AFS it ensures enterprise-grade infrastructure and regulatory compliance, backed by decades of experience in merchant acquiring and digital payment innovation across the MENA region. Together, the two companies are setting a new standard for digital payment acceptance in the UAE.This rollout is part of a broader strategic vision to offer integrated financial services that include payments, SME lending, supply chain finance, and value-added merchant solutions. Backed by the strength and trust of Royal Group, Comera Pay is uniquely positioned to scale across the region with both credibility and innovation.The launch of the payment process solution is the first step in a larger roadmap that includes loyalty integrations, merchant credit lines, and full-service business support all within one seamless digital platform.

Announcement

Jan 05, 2025

2 min read

AFS Launches SoftPOS (Tap-to-Phone) Solution Across Egypt Following CBE License

Arab Financial Services (AFS), A premier digital payment and fintech solutions provider in the Middle East and Africa, is pleased to announce that its Egyptian subsidiary has received a SoftPOS license from the Central Bank of Egypt (CBE). This regulatory approval has enabled the company to launch the service nationwide, making AFS Egypt one of the first in the country to bring a fully licensed SoftPOS solution to market.The AFS SoftPOS solution transforms any NFC-enabled smartphone into a secure, fully functional payment terminal, eliminating the need for expensive hardware. It offers businesses a quick, cost-effective, and highly scalable way to accept payments. By supporting all contactless cards, it is the ideal tool to meet the growing demands of Egypt's digital economy.“Going live with SoftPOS in Egypt is a transformative milestone for AFS and the Egyptian market,” said Samer Soliman, CEO of AFS. “This fully licensed solution allows us to instantly turn any NFC-enabled Android smartphone into a secure payment terminal, eliminating hardware costs and making digital acceptance accessible to businesses of all sizes. We view this launch as the foundation, and our immediate plan is to continuously expand its feature set and introduce innovative use cases that will further accelerate financial inclusion and power a digitally empowered economy”.The launch aligns directly with Egypt's remarkable growth in mobile payment adoption. AFS’s solution makes it easier than ever for businesses to accept payments, simplifying digital commerce and building a more accessible and inclusive financial landscape for all.