BLS International FZE, a wholly-owned subsidiary of BLS International Services Ltd., has acquired a 95% stake in MVA International W.L.L., a company incorporated under the laws of Bahrain. Following the acquisition, MVA International will become a Step Down Subsidiary (SDS) of BLS International. MVA International specializes in visa and passport processing and had a turnover of 288,294 BHD in 2024.
Strategic Acquisition
BLS International has announced the acquisition of a 95% share capital in MVA International W.L.L. by its subsidiary, BLS International FZE. The acquisition marks a strategic move to expand BLS International’s global footprint. MVA International, based in Bahrain, now becomes a part of BLS International’s network as a Step Down Subsidiary (SDS).
Target Company Details
MVA International W.L.L. has a paid-up share capital of 20,000 BHD. The company’s core business is visa and passport processing, aligning with BLS International’s existing service portfolio. For the year 2024, MVA International reported a turnover of 288,294 BHD.
Acquisition Details
The acquisition was completed with a cash consideration. BLS International FZE acquired 95% of the shares of MVA International W.L.L. The cost of acquisition for 1000 BHD of share capital.
About MVA International W.L.L.
MVA International W.L.L. was incorporated on November 12, 2012. Its principal activities include visa and passport processing. The company’s turnover for the last three years has been: 288294 BHD in 2024, 257207 BHD in 2023, and 135242 BHD in 2022. The company is based in Bahrain.
Source: BSE
