The Egypt Financial Regulatory Authority’s Establishment and Licensing Committee approved the establishment and licensing of six entities to undertake non-banking financial activities under the FRA’s supervision, covering securities-related corporate formation and capital increases, insurance brokerage, bond dealing and brokerage, and the promotion and underwriting of securities. The approvals cover Olive Egypt Holding, Taqa Financial Investments and Fawry Holding for Financial Investments to participate in establishing companies that issue securities or in increasing their capital. Tharaa was licensed for insurance brokerage, Beltone Securities Trading for dealing, intermediation and brokerage in bonds, and Emirates NBD Bank for promoting and underwriting securities subscriptions. The release also notes that the committee, established under the FRA Chairman’s Decision No. 3060 of 2023, is the body responsible for approving the establishment and licensing of companies supervised by the FRA and handling related corporate approvals.
Egypt Financial Regulatory Authority 2026-02-18
Egypt Financial Regulatory Authority approves licences for six entities across securities formation, insurance brokerage, bond dealing and underwriting
The Egypt Financial Regulatory Authority's Establishment and Licensing Committee approved licensing for six entities in non-banking financial activities, including securities-related corporate formation, insurance brokerage, and bond dealing. Approved entities are Olive Egypt Holding, Taqa Financial Investments, Fawry Holding, Tharaa, Beltone Securities Trading, and Emirates NBD Bank. The committee, formed under FRA Chairman’s Decision No. 3060 of 2023, oversees company establishment and licensing.