The Financial Regulatory Authority (FRA) has approved twelve new companies to operate in Egypt’s non‑banking financial sector.
- Two real‑estate funds, Taj Misr Investment Fund for Tourism Real Estate Assets and Taj Misr Real Estate Fund, are now licensed to manage property investments.
- Lantis Securities and Investment Portfolio Management receives a licence for securities portfolio formation, investment‑fund management and underwriting.
- Al Ahly Green Agricultural Investment Fund is authorised as an open‑ended agricultural fund, while El‑Manzlawy Venture Capital will focus on SPAC‑style acquisitions.
- Custodial licences go to MNT‑Halan Financial Investments Holding and Azimut Egypt Investments, boosting market infrastructure.