Egypt Financial Regulatory Authority approves licences and registrations for 10 non-banking financial firms spanning venture capital, custody and futures brokerage

The Egypt Financial Regulatory Authority (FRA) approved decisions of its Establishment and Licensing Committee, endorsed by FRA chairman Islam Azzam, authorising 10 firms to undertake a range of regulated non-banking financial activities across capital markets, custody, healthcare programme management and insurance intermediation. The approvals included licensing OG Capital for Special Purpose Acquisition Investments to conduct venture capital activity to acquire equity stakes under the Capital Market Law, and licensing Arabia Online Brokerage to deal and intermediate in bonds. Sawari Ventures was authorised to form and manage securities portfolios and investment funds, and Acumen Holding for Financial Investments was licensed to conduct investment fund activity under FRA Decision No. 58 of 2018. Additional permissions covered Halan Securities Brokerage to receive subscriptions for investment fund units, Welsee Financial Holding to act as a custodian, and Beltone Securities Trading to broker futures contracts under FRA Decision No. 7 of 2026. Outside capital markets, Smart Care Medical Services received a temporary licence to manage medical care programmes, while Riyada Insurance Brokerage and E-Guardians Insurance Brokerage were approved for registration as corporate insurance brokers. The Establishment and Licensing Committee, formed under a 2023 chair decision, is the FRA body responsible for approving incorporation and licensing actions and related corporate and operational changes for supervised non-banking financial firms.