Egypt Financial Regulatory Authority approves establishment of Al Ahly Green Agriculture Group as Egypt’s first agriculture-focused private equity investment fund

The Egypt Financial Regulatory Authority’s committee for the establishment and licensing of supervised companies approved the incorporation of the “Al Ahly Green Agriculture Group” investment fund company, positioning it as the first private equity investment fund specialised in investing in the agricultural sector in the Egyptian market and allowing it to also conduct venture capital activity. The Authority presented the fund as a regulated investment channel to facilitate investor funding into agricultural activities and projects, as part of efforts to broaden the investment funds landscape and direct more capital toward productive sectors, particularly agriculture. The launch of what it described as the first open agricultural investment fund was also linked to the development of the Authority-supervised investment fund market and to attracting longer-term investment into priority sectors. Approval was granted by the committee empowered under the Financial Regulatory Authority chairman’s Decision No. 3060 of 2023 to authorise the incorporation and licensing of entities conducting non-banking financial activities under the Authority’s supervision, alongside related approvals such as amendments to articles of association and the addition of activities.