The Egypt Financial Regulatory Authority’s company establishment and licensing committee approved the incorporation and licensing of nine entities to undertake seven regulated non-banking financial activities, including sukuk issuance, factoring, financial leasing, consumer finance, securities promotion and underwriting, receiving subscriptions for investment fund units, and financial investments. Approvals included the establishment of Aman for sukuk issuance, Sadara Holding for financial investments, and Amjad Holding to participate in the establishment of securities-issuing companies or capital increases. Licences were granted to Square Forty Capital for securities promotion and underwriting, Al Ahli Kuwait Egypt Financial Leasing to conduct factoring, and Orion for consumer finance via traditional channels, with the Authority noting the firm had submitted its application before a later decision to stop accepting new requests to establish consumer finance companies. The committee also gave in-principle approval for Commercial International for Finance to add financial leasing to its activities, licensed Pharaonic Brokerage to receive subscriptions in investment fund units, and registered Sam Precious Metals as an approved counterparty for investment funds’ metal trading, making it the fourth entity on that register.
Egypt Financial Regulatory Authority 2026-01-19
Egypt Financial Regulatory Authority approves nine authorisations spanning sukuk issuance, factoring, consumer finance and underwriting
The Egypt Financial Regulatory Authority approved the incorporation and licensing of nine entities for seven non-banking financial activities, including sukuk issuance, factoring, and consumer finance. Notable approvals include Aman for sukuk issuance, Sadara Holding for financial investments, and Square Forty Capital for securities promotion and underwriting. The Authority also granted in-principle approval for Commercial International for Finance to add financial leasing.