The Financial Regulatory Authority (FRA), chaired by Islam Azzam, has approved 10 new licences covering a range of non-banking financial activities as part of its ongoing efforts to enhance the quality, competitiveness and attractiveness of the sectors under its supervision, while expanding access to financial services.
Among the approvals was a licence granted to the International Credit Rating Solutions Company to undertake securities assessment, rating and ranking activities, making it the second company to operate in this field in the Egyptian market. It is also the first company to be licensed under FRA Decision No. 178 of 2025, which sets out the criteria for evaluating applications for licences to conduct this activity.
The Authority also licensed two new companies to operate as brokers in futures contracts: Sigma Securities Brokerage and Aspire Securities and Bonds Brokerage. This brings the total number of licensed firms operating in this segment to eight since the launch of the Egyptian Exchange’s derivatives market.
FRA also granted a provisional licence to MedRight Health Solutions to undertake specialised medical insurance activities, making it the first company to receive such a licence under the Unified Insurance Law No. 155 of 2024 and FRA Decision No. 90 of 2025.
In addition, the Authority issued a provisional licence to Nextcare to provide healthcare programme management services, increasing the number of companies operating under provisional licences in this field to eight since the enactment of the Unified Insurance Law.
The approvals further included a licence for Co Wealth Fund to establish and operate a real estate investment fund, a licence for Co Wealth to undertake securities underwriting, promotion and coverage activities, as well as manage real estate investment funds, and a licence for the Thunder Real Estate Assets Investment Fund to operate as a real estate investment fund.
FRA also approved a licence for Commercial International Finance to undertake financial leasing activities in addition to its existing licensed activities, subject to compliance with the Authority’s standard financial leasing contract templates.
Furthermore, Halan Non-Banking Financial Services was granted a licence to carry out both mortgage finance and factoring activities.
The Authority said these approvals form part of its constitutional and legal mandate to regulate and supervise non-banking financial markets and instruments, including capital markets, futures exchanges, insurance, mortgage finance, financial leasing, factoring and securitisation, as well as to approve the incorporation and licensing of companies operating in these sectors.
