- Number of companies rises to 12 in the registry of non-banking financing entities' dues collection activity
The Financial Regulatory Authority, headed by Dr. Islam Azzam, has decided to grant 7 companies and entities its approval for establishment, registration, and licensing to engage in various activities in the capital market and non-banking finance, within the framework of the Authority's mandate to regulate and supervise non-banking financial markets to ensure their expansion and deepening.
The decisions included approving the establishment of "Chesirea for Promotion and Underwriting of Securities" company in accordance with the provisions of Law No. (95) of 1992 and its executive regulations, to operate in the activity of promoting and underwriting securities.
Regarding licenses to engage in activities in the capital market, the Authority approved granting "e-Finance Holding for Financial Services" the license to engage in the activity of participating in the establishment of companies that issue securities or in increasing their capital, and also approved granting "Golden Way for Securities and Bonds Brokerage" the license to engage in the activity of dealing, mediation, and brokerage in bonds, added to the company's purpose.
The decisions also included granting "Olive Egypt Holding" the license to engage in the activity of participating in the establishment of companies that issue securities or in increasing their capital, alongside granting "Business Community for Financial Investments" the license to engage in the activities of portfolio management and investment fund management, added to the company's purpose.
In the field of non-banking finance, the Authority granted preliminary approval to "Fawry Consumer Finance" to add the factoring activity to its purpose, pending the completion of the necessary procedures at the General Authority for Investment to amend Articles (2) and (3) of the company's articles of association, and submitting the required documents to the Financial Regulatory Authority to obtain the license to engage in the activity, while amending the company's name to be consistent with the activity added to its purpose, in accordance with the provisions of Law No. (159) of 1981 and its executive regulations.
The Authority also approved the registration of "Simple for Financial Solutions and Technology" in the registry of financial dues collection companies for companies and entities operating in the field of non-banking financial activities, raising the number of companies registered in the dues collection activity registry to 12 companies since the issuance of the Authority's Board of Directors Resolution No. (278) of 2025.
The Authority grants these approvals within the framework of its constitutional and legal mandate to monitor and supervise non-banking financial markets and instruments, including capital markets, futures exchanges, insurance activities, real estate finance, leasing, factoring, securitization, and consumer finance, as well as approving the establishment and licensing of companies operating in these markets.
The Authority issues decisions on establishment, registration, and licensing based on the recommendations of the Committee for the Establishment and Licensing of Companies and their Branches, which is tasked with studying and issuing preliminary and final approvals for companies, requests to add activities and mechanisms, opening, closing, and relocating branches, reviewing amendments to articles of association, approving remuneration and incentive systems and their amendments, changing the legal umbrella whether by entering or exiting for companies operating in the field of securities and consumer finance, in addition to examining requests for liquidation and voluntary temporary suspension of activity.
