The Egypt Financial Regulatory Authority has approved 10 new licenses across non-bank financial activities, expanding the number of authorized firms in securities rating, derivatives brokerage, insurance, real estate investment funds and financing services. The approvals include a license for International Credit Rating Solutions to conduct securities valuation, rating and arrangement activity, making it the second company in that segment in the Egyptian market and the first licensed under the authority’s 2025 selection criteria for that activity. Two new licenses were issued for futures brokerage to Sigma Securities Trading and Aspire Securities and Bonds Trading, raising the number of licensed firms in that activity to eight since the launch of the derivatives market on the Egyptian Exchange. In insurance, MidRight Health Solutions received a temporary license for specialized medical insurance as the first company to obtain a temporary license in that field under the Unified Insurance Law and related 2025 authority decision, while Nextcare received a temporary license for healthcare program management, bringing the number of temporarily licensed companies in that activity to eight since the law was issued. The authority also licensed Co Wealth Fund and Thunder for Investment in Real Estate Assets Fund to operate as real estate investment funds, and licensed Co Wealth to promote and underwrite securities and manage real estate investment funds. Commercial International Finance was authorized to add financial leasing to its activities, subject to using leasing contract templates aligned with the authority’s models, while Halan Non-Bank Financial Services was licensed to conduct mortgage finance and factoring.
Egypt Financial Regulatory Authority2026-07-07
Egypt Financial Regulatory Authority grants 10 non-bank finance licenses including second securities rating firm and first specialized medical insurance company
The Egypt Financial Regulatory Authority approved 10 new non-bank finance licenses spanning capital markets, insurance and financing activities. The package includes Egypt’s second securities rating firm, two new futures brokers that lift the total to eight, and the first temporary license for specialized medical insurance. It also covers new real estate investment fund, underwriting, financial leasing, mortgage finance and factoring authorizations.