الهيئة العامة للرقابة المالية

• FRA Grants Futures Brokerage Licenses to CIB, Mubasher, and EFG Hermes.

FRA’s Incorporation and Licensing Committee grants license to three companies to commence futures brokerage operations.

The Committee issued licenses to Commercial International Brokerage (CIB), Mubasher for Securities and Bonds, and EFG Hermes Securities Brokerage.

These approvals were granted in accordance with FRA Board Decree No. 7 of 2026. This decree defines the financial, technical, and administrative regulations designed to ensure that futures brokerage activities are conducted according to the highest standards of governance and institutional discipline.

In accordance with FRA Chairman Decree No. 3060 of 2023, Incorporation and Licensing Committee serves as the competent body responsible for approving the incorporation and licensing of companies operating within the non-banking financial sector.

The Committee’s jurisdiction extends to ratifying amendments to company’s statutes and endorsing employee incentive and motivation schemes. Beyond corporate governance, it serves a critical supervisory function by advising on the suspension of General Assembly resolutions within the securities and consumer finance sectors.

Beyond initial licensing, the Committee reviews requests to add new financial services or business mechanisms. It also manages the process for securities and consumer finance companies when they switch from one legal framework to another.

Furthermore, the Committee oversees the full operational lifecycle of regulated firms – from authorizing branch networks to managing liquidations, activity suspensions, and the professional registration of founding agents.