The Egypt Financial Regulatory Authority’s Committee for the Establishment and Licensing of Companies approved the incorporation of two new entities under its supervision, covering real estate fund activity and financial investments activity linked to securities issuance. The approvals cover Emtelak Real Estate Projects Fund Company, established to operate as a real estate investment fund, and Fawry Holding for Financial Investments, established to participate in the incorporation of companies that issue securities and in capital increases. The release also restated that, under the FRA Chairman’s Decision No. 3060 of 2023, the committee is responsible for approving and licensing non-banking financial services companies, as well as handling requests such as adding activities, changing the applicable legal framework for certain securities and consumer finance companies, amending articles of association, approving remuneration and incentive schemes, branch openings and closures, liquidation and voluntary or temporary activity suspensions, and the registration-related requests of company incorporation agents.
Egypt Financial Regulatory Authority 2025-11-27
Egypt Financial Regulatory Authority approves formation of Emtelak real estate investment fund company and Fawry Holding for financial investments
The Egypt Financial Regulatory Authority's Committee approved the incorporation of Emtelak Real Estate Projects Fund Company and Fawry Holding for Financial Investments. These entities will operate in real estate fund activity and financial investments linked to securities issuance, respectively. The committee oversees approvals and licensing for non-banking financial services, including corporate governance and operational changes.