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FRA grants 45 companies non-banking financial services licenses in 2020
Eight companies have received licenses to provide non-banking financial services this year from the Financial Regulatory Authority (FRA), according to…
Tasaheel and Aman have requested nano financing licenses from the FRA
GB Capital subsidiary Tasaheel, Raya Holding subsidiary Aman, and five other unnamed companies filed for nano-finance licenses from the Financial…
Adeptio completes purchase of minority stake in Americana Egypt
M&A WATCH- Adeptio completes purchase of minority stake in Americana Egypt: Adeptio completed the purchase of a 9.6% stake in…
What we’re tracking on 28 July 2020
It’s almost official, folks: The cabinet confirmed yesterday that Eid Al Adha will run from Thursday to Monday, 3 August , meaning…
Market regulator looks to provide “life table” for Egyptian insurance companies to better price domestic plans
Market regulator looks to provide “life table” for Egyptian insurance companies to better price domestic plans: The Financial Regulatory Authority…
Raya lands consumer finance license
Raya Financial Investment has obtained a license to conduct consumer finance activities, according to a bourse filing (pdf).
NBE submits offer for minority stake in Aman Holding
M&A WATCH- NBE makes offer for minority stake in Raya’s Aman Holding: The National Bank of Egypt (NBE) has submitted…
FRA approves NUCA’s EGP 10 bn securitized bond issuance
DEBT WATCH- FRA green-lights NUCA bond offering: The Financial Regulatory Authority (FRA) has approved the New Urban Communities Authority’s EGP…
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