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Latest in Tag: FRA
Timing in Egypt is right for IPOs: Financial Regulator
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Egypt financial regulator, investment banks discuss stimulating corporate bonds trading
LATEST IN TAG: FRA
Egypt’s microfinance activity increases to EGP 21.61bn in April 2021: FRA
Commercial sector receives largest share of microfinance at 61.4%
Daily News Egypt
June 21, 2021
Egypt’s FRA cuts credit inquiry fees for consumer finance by up to 75%
The move comes as part of the authority’s initiative to facilitate work among companies and providers of consumer finance services. It aims to contribute to increasing the purchasing power of the community.
Alyaa Stohy
May 25, 2021
Egypt’s FRA approves registration of Hadisolb demerging mining subsidiary
In a press release, the FRA stated that the subsidiary company was listed in the commercial registry on 21 March 2021.
Alyaa Stohy
May 23, 2021
Egyptians to receive travel insurance on trips abroad: FRA
Egyptian Association for Travel Insurance established to manage insurance for Egyptian travellers
Alyaa Stohy
May 9, 2021
Egypt’s Financial Regulatory Authority explores boosting MSME financing
New mechanism considered to allow agency, partnership agreements between micro enterprises, banks
Alyaa Stohy
April 27, 2021
FRA postpones elections for MCDR presidency, Board membership
Postponement will continue until all procedures to ratify amendments of company’s basic system are completed
Daily News Egypt
April 27, 2021
Egypt’s FRA sets new margin trade controls, including ceiling for transactions
Azzam said that his recent meeting with representatives from some stock brokerage firms touched on the need to set new controls for operations for buying securities on margin.
Alyaa Stohy
April 5, 2021
Egypt’s FRA allows investment fund management companies to manage margin purchases funding
Total of 64 companies have obtained licence to practice investment funds management activities
Alyaa Stohy
April 4, 2021
Egypt financial regulator, investment banks discuss stimulating corporate bonds trading
EGX enjoys competitive investment environment among global markets as least expensive, says Mohamed Omran
Alyaa Stohy
February 17, 2021
Timing in Egypt is right for IPOs: Financial Regulator
Total of 4 insurance companies have applied for property insurance licence, said FRA Vice-President
Alyaa Stohy
January 19, 2021
Egypt offers incentives for non-banking financial activities aimed at supporting women
FRA granted non-banking financial activities companies 50% reduction in development fee or service charge according to percentage of women they employ
Daily News Egypt
December 29, 2020
Financial Regulatory Authority approves 7 securitisation bond issuances worth EGP 10bn
Expected volume of securitization bond issuances to reach EGP 25bn by 2020 end: FRA Chief
Alyaa Stohy
December 13, 2020
Unlisted agricultural company to issue sukuk in January 2021: FRA
Sukuk issuances in 2021 are set to exceed EGP 10bn, says FRA official
Alyaa Stohy
November 29, 2020
FRA expected to approve Sarwa Capital’s sukuk issuance
FRA’s Sharia Supervisory Committee approves sukuk’s compliance with Islamic Sharia last Thursday
Alyaa Stohy
November 22, 2020
FRA checks compliance of Sarwa’s new sukuk issuance with Sharia
Issuance to comprise 25m sukuk at nominal price of EGP 100 per unit through private placement
Alyaa Stohy
November 16, 2020
FRA issues controls for licensing SME finance companies
Under establishment SME finance companies shall have issued and paid-up capital of not less than EGP 30m
Daily News Egypt
November 3, 2020
FRA allows resumption of CIB shares trading on EGX
The FRA had requested suspension of CIB shares trading before the start of the Thursday session.
Daily News Egypt
October 24, 2020
Private insurance fund investments increase 2% to EGP 1.03bn in August: FRA
Total of EGP 6.9bn in investments made to insurance funds in first 8 months of 2020
Alyaa Stohy
October 19, 2020
FRA approves HeidelbergCement’s MTO for acquisition of Suez Cement
The FRA also approved a MTO submitted by Suez Cement, which is 55.08% owned by HeidelbergCement, to acquire 100% of its subsidiary Tourah Portland Cement at EGP 7.18/share.
Alyaa Stohy
October 14, 2020
FRA amends Microfinance Law to include SME financing
Omran said that through the Law No. 201 of 2020, the authority developed an integrated regulation that allows non-traditional financing for SMEs. 
Alyaa Stohy
October 14, 2020
FRA directs insurers to set up reserve against EAS 47 application risks
The reserve shall be 1% of a company’s total assets and allocated from the net profit after withholding tax for the previous fiscal year ending 30 June 2020.
Daily News Egypt
October 7, 2020
FRA amends financial solvency standards to mortgage finance companies
The amendment covers the issuance of a regulatory procedure to adjust mortgage finance activity.
Daily News Egypt
October 5, 2020
FRA reduces fees for SME examination, study services by 50%
The discount will be applied in a range of circumstances when SMEs apply to obtain the FRA’s approval for public offering prospectuses. It is to be applied during incorporation or capital increase, and when shares are issued for a merger, split, or in case of issuing shares in excess of profits or reserves.
Alyaa Stohy
October 4, 2020
FRA increases maximum allowed residential real estate financing
FRA approves proposal for real estate finance companies to establish guarantee registry
Alyaa Stohy
September 28, 2020
FRA approves draft law regulating fintech in non-banking financial activities
FRA Chairperson Mohamed Omran said that the approval will support the Egyptian state’s adoption of a policy providing a remote work environment based primarily on the safe exchange of information and supervision.
Daily News Egypt
September 20, 2020
FRA studies IMEX International acquisition offer of Nile Cotton Ginning
In late August, IMEX International submitted a compulsory purchase offer on up to 52.99 million NCGC shares, at a cash price of EGP 50/share. The purchase offer stipulates that the acquisition percentage should not be less than 51% of the company’s shares.
Daily News Egypt
September 9, 2020
FRA approves Wafa Life Insurance Egypt’s licence for life, health insurance
Egyptian market operations boasts EGP 150m in shareholder equity
Daily News Egypt
September 2, 2020
Egypt stock issuances decline 48% during 5M of 2020: FRA
Insurance premiums fall by 11.4% to EGP 2.67bn in May
Alyaa Stohy
August 30, 2020
FRA receives proposals for controls on electronic crowdfunding platforms
New draft law to regulate, develop fintech in non-banking financial activities
Daily News Egypt
August 30, 2020
FRA adds funding insurance premiums to consumer finance activities
Decision also includes membership fees for sports clubs
Daily News Egypt
August 18, 2020

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