FRA to launch arbitration center in early 2020

The Financial Regulatory Authority (FRA) plans to launch its own arbitration center to settle non-banking finance related disputes in early 2020, the FRA’s Vice Chairman Khaled El Nashar told Al Mal. The FRA is working on completing the administrative structure of the center, which will be specialized in handling arbitration cases between companies and their investors. The center was formed with a presidential decree last month.