September 23rd, 2021 - 05:52 GMT
The UAE Central Bank has approved in principle for Wizz Financial, the leading fintech launched recently by Prism Group and its partner Royal Strategic Partners (RSP) which specialises in payment solutions, to acquire 100% of UAE Exchange Centre LLC. This in-principle approval for change of control satisfies a main formality required for the completion of the transfer of the business of the Finablr Group pursuant to the sale and purchase agreement entered into by all parties in December 2020. Once finalised, UAE Exchange will launch its branch network in the ...