The Committee for Establishing and Licensing Companies regulated by the Financial Regulatory Authority (FRA) has approved the incorporation and licensing of six entities to undertake activities under the Authority’s supervision. The approved activities include participation in establishing companies that issue securities or increase their capital, insurance brokerage, dealing and intermediation in bonds, as well as the promotion and underwriting of securities.
The Financial Regulatory Authority (FRA) announced that its Committee for Establishing and Licensing Companies has approved the incorporation and licensing of six entities operating under its supervision. This decision was made on February 18, 2026, pursuant to FRA Chairperson Decree No. 3060 of 2023, which empowers the committee to oversee the establishment of companies engaged in non-banking financial activities.
Among the approved companies, the committee granted a license to Oliv to participate in the establishment of companies issuing securities or increasing their capital. It also approved similar licenses for Taqa Financial Investments and Fawry Holding for Financial Investments for the same activity. Tharaa Insurance Brokerage received a license to engage in insurance brokerage activities.
Furthermore, Beltone Securities Trading was authorized to conduct dealing, intermediation, and brokerage in bonds. Emirates NBD Bank obtained approval to carry out the promotion and underwriting of securities.
The committee's responsibilities extend to approving amendments to companies' articles of association, issuing preliminary and final approvals, and endorsing remuneration and incentive schemes. It also provides opinions on suspending general assembly resolutions for companies in the securities and consumer finance sectors, approves new activities or mechanisms, and authorizes changes in legal frameworks. Additionally, it handles branch openings, relocations, or closures, as well as requests for liquidation, temporary or voluntary suspension of activities, and the registration, renewal, or delisting of company incorporation agents in the non-banking financial sector.