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Ahmed Abdel Aziz named FRA’s deputy chairman

Prime Minister Moustafa Madbouly has issued a decision appointing Ahmed Abdel Aziz as the deputy chairman of the board of the Financial Regulatory Authority (FRA).

Updated 11/17/2025 7:40:00 AM
Azimut Investments gets FRA nod to set up Egypt’s 1st digital REIT platform

The Financial Regulatory Authority (FRA) approved Azimut Investments-Egypt’s request to establish the first digital platform for investing in real estate investment trust (REIT) units, according to a statement.

Updated 11/13/2025 10:59:00 AM
FRA allows insurers to invest in gold for 1st time in Egypt

The Financial Regulatory Authority (FRA), headed by Mohamed Farid, allowed insurance and savings companies to directly invest in precious metals, mainly gold, for the first time in Egypt.

Updated 11/12/2025 3:16:00 AM
Madbouly approves new FRA auditing standards to take effect in 2027

Prime Minister Mostafa Madbouly approved implementing the new Egyptian standards, proposed by the Financial Regulatory Authority (FRA), for auditing and financial review and regulating oversight of non-banking financial markets and instruments.

Updated 11/3/2025 7:30:00 AM
Juhayna unveils strict regulations for board membership

Mohamed Abdel Fattah, legal advisor to Juhayna Food Industries, affirmed that the right to run for a board membership is not absolute in accordance with Law No. 159 of 1981.

Updated 10/30/2025 9:16:00 AM
Rekaz Financial Holding to acquire majority stake of Luxor Securities Brokerage Co

The board of Rekaz Financial Holding approved the acquisition of 95.5% of the shares of Luxor Securities Brokerage Co.

Updated 10/26/2025 12:31:00 PM
FRA extends suspension on new microfinance, consumer finance license requests for 1 year

The Financial Regulatory Authority (FRA) has extended the suspension of incorporation applications and preliminary approvals for companies seeking licenses to operate in microfinance or traditional consumer finance, as per a statement.

Updated 10/22/2025 2:49:00 AM
FRA reports EGP 851.4B in total financing in 8 months

Entities regulated by the Financial Regulatory Authority (FRA) provided a total of EGP 851.4 billion in financing between January and the end of August 2025, according to the authority’s recent report covering capital market and non-banking financial activities.

Updated 10/21/2025 2:42:00 AM
FRA refuses Sagasse Investment’s acquisition offer for Elsewedy Electric

The Financial Regulatory Authority (FRA) has rejected an offer submitted by UAE-based Sagasse Investment to fully acquire Elsewedy Electric Company

Updated 10/20/2025 1:14:00 AM
FRA-supervised financings total EGP 773B by July 2025

The total financing granted by entities subject to the Financial Regulatory Authority's (FRA) oversight, including capital market and non-banking financing activities, hit EGP 773 billion during the period from January to July 2025.

Updated 10/2/2025 11:46:00 AM
Wafa Insurance submits MTO to fully acquire Delta Insurance

Wafa Insurance Company, a 63.39%-owned subsidiary of Egypt Kuwait Holding Company (EKH), submitted a mandatory tender offer (MTO) to fully acquire Delta Insurance Company, with a minimum execution of 51% of the shares.

Updated 9/28/2025 11:13:00 AM
FRA approves Raya Holding’s MTO for majority stake in Raya Customer

The Financial Regulatory Authority (FRA) approved a mandatory tender offer (MTO)issued by Raya Holding for Financial Investments to acquire 90% of Raya Customer Experience’s share capital

Updated 9/28/2025 10:29:00 AM
Credit Agricole Egypt's subsidiary acquires Just Finance

Egyptian Housing Finance Company, a 99.99% owned subsidiary of Credit Agricole Egypt, has acquired 100% of shares in Just Finance S.A.E.

Updated 9/23/2025 9:55:00 AM
Bokra renovates app as 1st Sharia-compliant digital savings platform in MENA

MENA-focused Sharia-compliant digital savings and investment platform Bokra has relaunched its mobile application to introduce a wide range of enhanced features for both individuals and enterprises

Updated 9/7/2025 1:22:00 AM
FRA approves licensing 8 new real estate funds, financing companies

The Financial Regulatory Authority (FRA) granted approvals for eight companies to establish new real estate investment funds and licenses to operate in investment funds and non-banking financial activities.

Updated 9/2/2025 9:39:00 AM
PALM secures FRA license, launches Egypt’s 1st goal-based investment platform

PALM, Egypt’s first incentivized goal-based investment platform, has officially launched following the completion of its pre-seed funding round led by 4DX Ventures, with participation from Plus VC and a group of global angel investors, as per an emailed press release.

Updated 8/27/2025 10:58:00 AM
FRA-supervised financing hit EGP 640.1B by June 2025

The Financial Regulatory Authority (FRA) reported that total financing granted by entities under its supervision reached EGP 640.1 billion at the end of June 2025.

Updated 8/14/2025 9:26:00 AM
FRA issues Basel III-based solvency standards for non-banking finance sector

The Financial Regulatory Authority (FRA) has issued new solvency standards for companies and entities operating in non-banking financing activities, aligning them for the first time with the international Basel III framework, as per a statement.

Updated 8/14/2025 1:01:00 AM
FRA grants new licenses for 6 companies in securities, investment, factoring

The Financial Regulatory Authority (FRA) has issued decisions for six companies, granting new licenses for company establishment, investment fund activities, and the formation of a factoring company.

Updated 8/11/2025 5:43:00 AM
El-Sisi renews Mohamed Farid’s term as FRA chairman for 1 year

Egyptian President Abdel Fattah El-Sisi has issued presidential decree No. 421 of 2025, renewing the appointment of Mohamed Farid Saleh as the acting chairman of the Financial Regulatory Authority (FRA) for one year, effective Thursday, August 7th, 2025, as per a statement.

Updated 8/10/2025 5:59:00 AM