Egypt’s FRA approves licences for eight companies

Egypt’s Financial Regulatory Authority has granted licences to eight companies operating in non-banking financial sectors.

The approvals cover activities such as portfolio management, venture capital, securities underwriting, healthcare management and consumer finance.

Beltone Asset Management and Lantis received permission for portfolio management, securities underwriting and investment fund management. Business Community Financial Investments was licensed for venture capital activities.

Al Salem Holding and Amgad Holding gained approval to participate in securities issuance and capital increases. SAFE was authorised for securities underwriting and real estate investment fund management.

Med Mark TPA obtained a temporary licence to run healthcare management programmes under the Unified Insurance Law. Malaz Capital was granted a consumer finance licence based on an application submitted before new restrictions took effect in February.

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