The Egypt Financial Regulatory Authority (FRA), through its committee responsible for establishing and licensing supervised companies and branches, approved seven entities to regularise their status for inclusion in the FRA register that allows dealing in government securities and financial instruments in the secondary market. The approvals cover five banks, Arab Banking Corporation, First Abu Dhabi Bank – Egypt, Banque Misr, Standard Chartered Bank – Egypt, and Kuwait Finance House – Egypt, as well as two securities firms, Arab African International Securities and Bonds Trading Company and Ostool Securities Trading and Bond Brokerage Company. The decision is framed under FRA Board Decision No. 232 of 2024, which created a register for eligible participants (including primary dealer banks, non-primary dealer banks, and FRA-licensed firms active in bonds brokerage and other relevant securities activities), and FRA Chairman Decision No. 394 of 2025 extending the deadline for entities to align their status for secondary-market dealing in government debt instruments.
Egypt Financial Regulatory Authority 2025-06-25
Egypt Financial Regulatory Authority approves five banks and two securities firms for registration to trade government securities in the secondary market
The Egypt Financial Regulatory Authority approved seven entities, including five banks and two securities firms, to regularise their status for inclusion in the FRA register for secondary market dealings in government securities. This decision, under FRA Board Decision No. 232 of 2024 and FRA Chairman Decision No. 394 of 2025, allows these entities to engage in government debt instruments trading.