The Financial Regulatory Authority approved 13 companies to engage in non-bank financial activities on June 23, 2026. The move aims to boost sector competitiveness and expand access to services.
The Financial Regulatory Authority has approved 13 companies to undertake a range of non-bank financial activities. The approvals include the establishment of Welzi Real Estate Investment Fund Company for real estate investment fund activities and Ametar Capital Financial Investments for securities promotion and underwriting.
Al Ahly Tamkeen Consumer Finance Company received approval despite an earlier suspension under FRA Decision No. 43 of 2026 issued in February. Other authorisations went to Initiates SP Financial Advisory for financial advisory services and Tameh for securities promotion, underwriting, and real estate investment fund management.
Additional changes include Al Ahly Capital Microfinance expanding to finance medium and small enterprises. Nile Leasing added factoring activities, while International Leasing Company received approval for mortgage finance. Saqr and Tycoon Securities Brokerage gained permission for subscriptions in investment fund units.
Dahab Zaman Gold Trading was registered for precious metals dealings with investment funds. Egy Serv and Egyptian International were added to the roster of debt collection companies under FRA Board Resolution No. 278 of 2025.