الهيئة العامة للرقابة المالية

• Licenses Issued to Awaed, Grow, Insight, EgyLease, Nile Leasing, QNB Leasing, and CFH Holding

FRA’s Incorporation and Licensing Committee grants license to Awaed Real Estate Fund Company. Furthermore, the Committee has approved the establishment of Grow Holding to operate in corporate equity and capital increase activities.

The Committee approved Insight Investments for corporate equity and capital increase activities, while authorizing EgyLease to incorporate factoring as a new vertical within its financial services framework.

Furthermore, the Committee issued preliminary approvals for Nile Leasing to expand its scope into factoring, and for QNB Leasing & Factoring to integrate mortgage finance into its current operations. It also authorized CFH Holding to act as a licensed custodian.

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.

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.

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.

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