The Financial Regulatory Authority (FRA) has approved 13 companies to undertake a range of non-bank financial activities, as part of its continued efforts to enhance the quality and competitiveness of sectors under its supervision, strengthen their attractiveness to investment, and expand citizens’ access to financial services.
The approvals included the establishment of Welzi Real Estate Investment Fund Company to engage in real estate investment fund activities, and Ametar Capital Financial Investments to carry out securities promotion and underwriting.
They also covered the establishment of Al Ahly Tamkeen Consumer Finance Company, which had submitted its application to establish the company and obtain a licence prior to FRA Decision No. 43 of 2026, issued in February, suspending the acceptance of incorporation applications and preliminary approvals for companies seeking licences to undertake consumer finance activities.
Additional approvals included Initiates SP Financial Advisory to provide financial advisory services, and Tameh for securities promotion and underwriting, as well as real estate investment fund management.
The FRA further authorised Al Ahly Capital Microfinance to finance medium and small enterprises in addition to its original business activity. It also approved the addition of factoring activities to Nile Leasing’s business scope.
International Leasing Company (Incoles) received approval to add mortgage finance activities to its licensed operations. Meanwhile, Saqr for Securities Promotion, Underwriting and Investment Fund Management, along with Tycoon Securities Brokerage, were authorised to undertake subscriptions in investment fund units.
The approvals also included registering Dahab Zaman Gold Trading in the list of entities with which investment funds may deal in the purchase and sale of precious metals. In addition, Egy Serv and Egyptian International were registered in the roster of debt collection companies serving entities operating in non-bank financial activities, pursuant to FRA Board Resolution No. 278 of 2025.
The FRA grants such approvals within the framework of its constitutional and legal mandate to supervise and regulate non-bank financial markets and instruments. These include capital markets, futures exchanges, insurance activities, mortgage finance, financial leasing, factoring, and securitisation, as well as approving the establishment and licensing of companies operating in these markets.
