Egypt Financial Regulatory Authority clears 10 banks and a broker for secondary market trading in government securities and licenses four investment firms

The Egypt Financial Regulatory Authority’s Incorporation and Licensing Committee approved 11 entities, comprising 10 banks and one securities brokerage, to regularise their status for registration to deal in government securities and financial instruments in the secondary market. The committee also approved the establishment and licensing of four companies to conduct activities including securities portfolio formation and management, promotion and underwriting of securities offerings, and investment funds activity. The entities approved for registration include the Agricultural Bank of Egypt, Banque du Caire, Crédit Agricole, Citibank N.A. Egypt, Attijariwafa Bank, Arab Bank, MID Bank, Al Baraka Bank Egypt, Faisal Islamic Bank of Egypt, Suez Canal Bank and Al Ahly Pharos for Securities Trading. The approvals were issued in the context of Egypt Financial Regulatory Authority Board Decision No. 232 of 2024 on regulating approval to deal in government debt instruments in the secondary market and the Chairman’s Decision No. 394 of 2025 extending the deadline for regularising status. On firm licensing, the committee granted PAM Asset Management a licence for securities portfolio formation and management, licensed Thunder for Promotion and Underwriting for promotion and underwriting of securities, licensed Misr for Financial Investments to conduct investment funds activity, and approved the incorporation of Al-Jusour Holding for Financial Investments.