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The Establishment and Licensing Committee for companies operating under the supervision of the Financial Regulatory Authority (FRA) has approved the establishment of the “Ahly Green Agricultural Fund”, marking the first private equity investment fund dedicated to the agricultural sector in the Egyptian market. The fund will also be permitted to engage in venture capital activities.

The decision comes as part of the authority’s ongoing efforts to expand the investment fund ecosystem and channel more capital toward vital productive sectors—particularly agriculture, which represents a key pillar of the national economy and plays a crucial role in supporting food security.

The launch of the new fund creates an investment channel for investors seeking opportunities in agricultural projects and activities through a regulated investment structure that operates under official supervision while offering sustainable growth prospects.

The establishment of the first agricultural investment fund reflects the continued development of Egypt’s investment fund market under the supervision of the Financial Regulatory Authority, highlighting its ability to accommodate new financial instruments aligned with economic development needs. The move also supports the government’s strategy to deepen private sector participation in productive activities and attract long-term investments to priority sectors.

The FRA continues to develop regulatory and legislative frameworks to support the launch of investment funds across diverse sectors. These efforts aim to enhance the efficiency of the capital market and provide diversified investment alternatives that meet the needs of different investor groups while supporting the national economy.

Under Decision No. 3060 of 2023 issued by the FRA Chairman, the Establishment and Licensing Committee is responsible for approving the incorporation of companies operating in non-banking financial activities under the authority’s supervision and granting them licenses to operate.

The committee’s responsibilities also include approving amendments to the articles of association of companies supervised by the FRA, issuing preliminary or final approvals, and endorsing incentive and remuneration systems and their amendments. In addition, it provides opinions on the suspension of general assembly decisions of companies operating in the securities sector and consumer finance companies.

Furthermore, the committee is responsible for approving requests to add new activities and mechanisms for companies operating in non-banking financial activities, as well as requests to change the applicable legal framework—whether entering or exiting the legal umbrella governing securities firms and consumer finance companies.

The committee also approves the opening, relocation, or closure of branches for companies operating in non-banking financial activities. It reviews requests for liquidation, temporary suspension of activity, voluntary suspension, and the registration, renewal, or cancellation of founding agents of such companies.