{"id":22979224,"date":"2026-05-23T19:14:10","date_gmt":"2026-05-23T16:14:10","guid":{"rendered":"https:\/\/fra.gov.eg\/fra_news\/%d9%87%d9%8a%d8%a6%d8%a9-%d8%a7%d9%84%d8%b1%d9%82%d8%a7%d8%a8%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d8%aa%d9%85%d9%86%d8%ad-8-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d8%a7%d9%84%d9%85%d9%88%d8%a7\/"},"modified":"2026-05-25T11:26:28","modified_gmt":"2026-05-25T08:26:28","slug":"%d9%87%d9%8a%d8%a6%d8%a9-%d8%a7%d9%84%d8%b1%d9%82%d8%a7%d8%a8%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d8%aa%d9%85%d9%86%d8%ad-8-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d8%a7%d9%84%d9%85%d9%88%d8%a7","status":"publish","type":"fra_news","link":"https:\/\/fra.gov.eg\/en\/fra_news\/%d9%87%d9%8a%d8%a6%d8%a9-%d8%a7%d9%84%d8%b1%d9%82%d8%a7%d8%a8%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9-%d8%aa%d9%85%d9%86%d8%ad-8-%d8%b4%d8%b1%d9%83%d8%a7%d8%aa-%d8%a7%d9%84%d9%85%d9%88%d8%a7\/","title":{"rendered":"FRA Licenses 8 Companies for Non-Banking Financial Activities \u2013 Saturday 23 May 2026"},"content":{"rendered":"

\u2022 New approvals aim to expand healthcare administration, investment funds and consumer finance activities.<\/span><\/p>\n

Financial Regulatory Authority (FRA), chaired by Dr. Islam Azzam, grants eight companies\u2019 approvals to operate non-banking financial activities. This comes as part of FRA’s ongoing commitment to enhance the efficiency and competitiveness of various sectors under its oversight and to expand the scope of financial services in a way that boosts investment attractiveness and broadens beneficiary base.<\/p>\n

The newly issued approvals include the establishment of Beltone Real Estate Investment Fund Company, as well as Lantis, which was cleared for portfolio management, investment fund management and securities underwriting.<\/p>\n

FRA licensed Business Community Financial Investments to operate in venture capital activities.<\/p>\n

Meanwhile, Al Salem Holding and Amjad Holding both secured licenses to participate in incorporating securities-issuing companies and managing capital increases. Additionally, SAFE was greenlit for securities underwriting and real estate investment fund management.<\/p>\n

The Authority also approved granting Medmark TPA a temporary license to manage healthcare programs (Third-Party Administrator \u2013 TPA). This activity is regulated under the Unified Insurance Law No. 155 of 2024 and FRA Resolution No. 229 of 2025 establishing the regulatory framework for the sector.<\/p>\n

Finally, the approvals include licensing Malaz to conduct consumer finance activities. The company had submitted its incorporation and licensing request prior to the issuance of FRA Resolution No. 43 of 2026 last February, which suspended the acceptance of new incorporation requests and preliminary approvals for companies seeking consumer finance licenses.<\/p>\n

FRA issues these licenses within its constitutional and legal mandate to regulate and supervise non-banking financial markets and instruments. This oversight spans capital markets, futures exchanges, insurance activities, mortgage finance, financial leasing, factoring, and securitization, as well as the incorporation and licensing of companies operating within these sectors.<\/p>\n

Incorporation and licensing decisions are issued based on the recommendations of Incorporation and Licensing Committee. This Committee is responsible for reviewing and issuing preliminary and final approvals for companies, processing requests for additional activities and mechanisms, and managing the opening, closing, or relocation of branches. It also oversees amendments to corporate statutes, approves employee incentive and reward schemes, manages transitions between regulatory frameworks for securities and consumer finance firms, and reviews requests for liquidation or voluntary temporary suspension of activities.<\/p>\n","protected":false},"author":7,"featured_media":22941875,"parent":0,"template":"","format":"standard","categories":[142,144],"tags":[3689,3704,3791,3910,3914,3976,4961,4962,4963],"fra_news_taxonomy":[2137,2138],"news_paper_taxonomy":[],"_links":{"self":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/fra_news\/22979224"}],"collection":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/fra_news"}],"about":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/types\/fra_news"}],"author":[{"embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/users\/7"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/media\/22941875"}],"wp:attachment":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/media?parent=22979224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/categories?post=22979224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/tags?post=22979224"},{"taxonomy":"fra_news_taxonomy","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/fra_news_taxonomy?post=22979224"},{"taxonomy":"news_paper_taxonomy","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/news_paper_taxonomy?post=22979224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}