FRA Grants 10 New Licenses to Boost Non-Banking Financial Activities in Egypt
The Financial Regulatory Authority (FRA), under the leadership of Dr. Islam Azzam, announced the approval of 10 new licenses for various non-banking financial activities. This decision aligns with the FRA's ongoing efforts to elevate the quality and competitiveness of its regulated sectors, enhance investment attractiveness, and expand citizens' access to inclusive financial services.
Newly Licensed Entities and Activities
To streamline the market expansions, the FRA has distributed the 10 approvals across multiple financial sectors, ranging from credit rating to real estate funds.
Company NameLicensed ActivityKey Milestones & Notes
International Company for Credit Rating SolutionsSecurities Evaluation, Rating, and Arranging2nd company in the Egyptian market; 1st licensed under Decree 178 of 2025.
Sigma Securities BrokerageFutures BrokerageRaises the total number of licensed futures brokers to 8 since the derivatives market launch.
Aspire Securities and Bonds BrokerageFutures BrokerageRaises the total number of licensed futures brokers to 8.
MedRight Health SolutionsSpecialized Medical Insurance1st company to receive temporary licensing under the Unified Insurance Law (155 of 2024).
NextcareHealthcare Program ManagementRaises the total number of temporarily licensed companies in this field to 8.
Co-Wealth FundReal Estate Investment FundExpands the growing real estate investment sector.
Co-WealthSecurities Underwriting & Real Estate Fund ManagementDiversifies the company's financial service offerings.
Thndr Real Estate Asset Investment FundReal Estate Investment FundBroadens Thndr's asset investment footprint.
Commercial International FinanceFinancial LeasingMust adhere to the FRA's standardized leasing contract models.
Halan Non-Banking Financial ServicesMortgage Finance and FactoringStrengthens Halan's integrated financing ecosystem.
The FRA's Regulatory Mandate
The FRA emphasized that these approvals fall squarely within its constitutional and legal mandate to comprehensively regulate and supervise non-banking financial markets and instruments. This encompasses overseeing capital markets, futures exchanges, insurance activities, mortgage finance, financial leasing, factoring, and securitization, alongside the incorporation and licensing of all companies operating within these dynamic markets.