The Financial Regulatory Authority (FRA) has granted Tycoon Securities Brokerage a short selling license, according to Al Mal. The company will now join seven others authorized to short sell — including Arqaam, EFG Hermes, CI Capital, the Arab African International Securities, Prime Holdings, and HC Securities. Short selling transactions are expected to begin in 3Q2019, according toFRA deputy head Khaled El Nashar.

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