Egypt’s Financial Regulatory Authority (FRA), through its Establishment and Licensing Committee, issued a set of licensing and registration approvals spanning financial leasing, factoring, investment funds, mortgage finance and secondary-market dealing in government securities. The committee authorised Al Ahli Kuwait – Egypt Financial Leasing to add factoring to its original activity, and approved IFS Financial Solutions to add financial leasing to its original factoring activity. It also licensed Aspire Capital Holding for Financial Investments to conduct investment fund activity on its own or with others, authorised OR Mortgage Finance to carry out mortgage finance activity, and regularised the Arab African International Bank and Bank of Alexandria for registration in the FRA’s register to deal in government securities and financial instruments in the secondary market. The committee’s remit is set out under the FRA Chairman’s Decision No. 3060 of 2023 and includes approvals for establishment and licensing of FRA-supervised non-banking financial firms and related corporate actions such as adding activities and amending articles of association.
Egypt Financial Regulatory Authority 2025-07-29
Egypt Financial Regulatory Authority approves expanded licences for leasing and factoring firms and registers two banks to trade government securities in the secondary market
Egypt's Financial Regulatory Authority approved licenses for financial activities like leasing, factoring, investment funds, mortgage finance, and secondary-market dealings in government securities. Key authorizations include Al Ahli Kuwait – Egypt Financial Leasing for factoring, IFS Financial Solutions for leasing, and Aspire Capital Holding for investment funds. The committee's actions follow FRA Chairman’s Decision No. 3060 of 2023.