Rana Mamdouh _ The Financial Regulatory Authority (FRA), chaired by Dr. Islam Azzam, decided to grant 7 companies and entities its approval for incorporation, registration, and licensing to practice 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.
Approval for the Incorporation of "Shiria for Promotion and Underwriting of Securities"
The decisions included the approval for the incorporation of "Shiria for Promotion and Underwriting of Securities" in accordance with the provisions of Law No. (95) of 1992 and its Executive Regulations, to operate in the activity of promotion and underwriting of securities.
Granting e-Finance the License to Engage in the Activity of Participating in the Incorporation of Companies
Regarding licenses to practice capital market activities, the Authority approved granting "e-Finance Investment Group for Financial Services" the license to engage in the activity of participating in the incorporation of companies that issue securities or in increasing their capital.
Granting "Golden Way" the License to Practice Bond Dealing, Brokerage, and Intermediation
It also approved granting "Golden Way Securities and Bonds Brokerage" the license to practice bond dealing, brokerage, and intermediation, as added to the company's corporate purpose.
Granting "Olive Egypt Holding" the License to Engage in the Activity of Participating in the Incorporation of Companies
The decisions also included granting "Olive Egypt Holding" the license to engage in the activity of participating in the incorporation of companies that issue securities or in increasing their capital.
Granting "Business Community" the License to Practice Securities Portfolio Management and Investment Fund Formation and Management
In addition, "Business Community for Financial Investments" was granted the license to practice securities portfolio management as well as investment fund formation and management, as added to the company's corporate purpose.
Preliminary Approval for "Fawry Consumer Finance" to Add Factoring Activity to Its Corporate Purpose
In the field of non-banking finance, the FRA granted preliminary approval to "Fawry Consumer Finance" to add factoring activity to its corporate purpose, subject to completing the necessary procedures at the General Authority for Investment and Free Zones (GAFI) to amend Articles (2) and (3) of the company's Articles of Association, submitting the required documents to the Authority to obtain the license to practice the activity, and amending the company's name in accordance with the added activity, pursuant to the provisions of Law No. (159) of 1981 and its Executive Regulations.
Registration of "Sympl for Financial Solutions and Technology" in the Registry of Collection Companies for Non-Banking Finance Entities
The Authority also approved registering "Sympl for Financial Solutions and Technology" in the registry of companies collecting financial dues for companies and entities operating in non-banking financial activities, bringing the number of companies registered in the dues collection activity registry to 12 companies since the issuance of the Authority's Board of Directors Decree No. (278) of 2025.
The Authority grants these approvals within its constitutional and legal mandate to regulate and supervise non-banking financial markets and instruments, including capital markets, futures exchanges, insurance activities, mortgage finance, financial leasing, factoring, securitization, and consumer finance, as well as approving the incorporation and licensing of companies operating in those markets.
The FRA issues incorporation, registration, and licensing decisions based on the recommendations of the Committee for Incorporation 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, considering amendments to Articles of Association, approving reward and incentive schemes and their amendments, changing the applicable legal framework (entry or exit) for companies operating in securities and consumer finance, in addition to examining requests for liquidation and voluntary temporary suspension of activity.
