Egypt Financial Regulatory Authority’s Establishment and Licensing Committee approved a package of incorporations and licence amendments across real estate investment funds and SME and microfinance activities, and cleared the National Bank of Egypt and Qatar National Bank for registration to deal in government securities and financial instruments in the secondary market. The approvals included establishing Saqr Real Estate Investment Fund Company and Nawy Shares Real Estate Investment Fund Company, as well as two related firms authorised to promote, underwrite and manage real estate investment funds (Saqr and Nawy Shares). The committee also approved the establishment of Qardi for financing medium and small projects, authorised Al Ahly Capital for Microfinance – Tamkeen to add micro financial leasing to its existing scope, and authorised Erada for Microenterprise Finance to add financing for medium and small projects. The committee’s mandate is set out under the FRA Chairman’s Decision No. 3060 of 2023.
Egypt Financial Regulatory Authority 2025-07-16
Egypt Financial Regulatory Authority authorises new real estate investment fund entities and registers National Bank of Egypt and Qatar National Bank as government securities dealers
The Egypt Financial Regulatory Authority approved incorporations and licence amendments for real estate investment funds and SME and microfinance activities. The National Bank of Egypt and Qatar National Bank were cleared to deal in government securities and financial instruments in the secondary market. Key approvals include establishing Saqr Real Estate Investment Fund Company and Nawy Shares Real Estate Investment Fund Company, with authorizations for related firms to promote, underwrite, and manage real estate investment funds.