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 The Financial Regulatory Authority (FRA) has officially licensed Horizon for Securities and Bonds Trading to receive subscriptions for investment fund units. This pivotal approval is part of the FRA’s broader strategy to diversify the services offered by non-banking financial institutions (NBFIs) and enhance the accessibility of investment vehicles for retail and institutional investors alike.

By empowering brokerage firms to handle fund subscriptions, the FRA aims to streamline the investment process and increase market liquidity. The license was granted following a comprehensive review by the FRA’s Licensing Committee, which evaluates operational readiness, governance structures, and compliance with national capital market regulations. This move reinforces the FRA’s commitment to modernizing Egypt’s financial infrastructure and fostering a more competitive environment for securities trading.