{"id":598956,"date":"2019-06-13T04:00:00","date_gmt":"2019-06-13T04:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/13\/fra-issues-first-short-selling-license-to-arqaam\/"},"modified":"2019-06-13T04:00:00","modified_gmt":"2019-06-13T04:00:00","slug":"fra-issues-first-short-selling-license-to-arqaam","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/13\/fra-issues-first-short-selling-license-to-arqaam\/","title":{"rendered":"FRA issues first short selling license to Arqaam"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <b>Arqaam gets Egypt\u2019s first short selling license from FRA: <\/b>Arqaam Securities Brokerage has officially become the first brokerage firm allowed to short sell after receiving a license from the Financial Regulatory Authority (FRA), <a href=\"https:\/\/ent.news\/2019\/6\/1495.pdf\">the regulator said in a statement (pdf)<\/a>.<\/p>\n<p><b>What\u2019s a short?<\/b> Let\u2019s pretend that you believe that shares of Company X are overvalued. Shorting allows you to profit on this belief. At the simplest level, it works like this:<\/p>\n<ul>\n<li><b>Step 1:<\/b> Borrow a load of company X\u2019s shares (likely from someone who wants to hold them long-term);<\/li>\n<li><b>Step 2:<\/b> Sell them immediately back to the market;<\/li>\n<li><b>Step 3:<\/b> Pray the price goes down (and <a href=\"https:\/\/www.reuters.com\/article\/us-usa-stocks-shorts-insight\/short-distort-the-ugly-war-between-ceos-and-activist-critics-idUSKCN1R20AW\">mount an activist campaign if you have to\u2026<\/a>);<\/li>\n<li><b>Step 4:<\/b> Buy them back on the open market and return them to their rightful owner to \u201cclose out your position\u201d;<\/li>\n<li><b>Step 5:<\/b> Pocket the difference (presuming, of course, the price went down).<\/li>\n<\/ul>\n<p><b>Background: <\/b>Under <a href=\"https:\/\/enterprise.press\/stories\/2019\/02\/27\/fra-issues-regulations-to-activate-short-selling\/\">FRA regulations<\/a>, you can only short 20% of a company\u2019s freefloat shares while any one shareholder won\u2019t be able to lend more than 5% of a company\u2019s shares. The regulations also cap the total percentage of any company\u2019s shares that can be used to create a short position. Folks looking to open a short position will need to put down 50% of the value of the securities borrowed, and brokerages will be required to park that sum in fixed-income assets while the position is open. We have <a href=\"https:\/\/enterprise.press\/stories\/2019\/05\/27\/egx-releases-short-sellable-stocks-list\/\">an EGX-approved list of short sell-able stocks here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Arqaam gets Egypt\u2019s first short selling license from FRA: Arqaam Securities Brokerage has officially become the first brokerage firm allowed to short sell after receiving a license from the Financial Regulatory Authority (FRA), the regulator said in a statement (pdf). What\u2019s a short? Let\u2019s pretend that you believe that shares of Company X are overvalued. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":598957,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[11279,72,76,831,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-598956","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-arqaam-securities-brokerage","tag-enterpriseam","tag-financial-regulatory-authority","tag-short-selling","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"53306277-83c5-4904-af6f-b52592979207","is_powered_by":true,"section_story_id":"5d6dcb6b-510e-460d-bd26-342205d89224","story_type":"1","photo_url":"https:\/\/ent.news\/2019\/6\/519.jpg","photo_position":"above","related_issue":[598947],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>FRA issues first short selling license to Arqaam - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/13\/fra-issues-first-short-selling-license-to-arqaam\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FRA issues first short selling license to Arqaam\" \/>\n<meta property=\"og:description\" content=\"Arqaam gets Egypt\u2019s first short selling license from FRA: Arqaam Securities Brokerage has officially become the first brokerage firm allowed to short sell after receiving a license from the Financial Regulatory Authority (FRA), the regulator said in a statement (pdf). What\u2019s a short? Let\u2019s pretend that you believe that shares of Company X are overvalued. [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/13\/fra-issues-first-short-selling-license-to-arqaam\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-13T04:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2019\/6\/519.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/13\/fra-issues-first-short-selling-license-to-arqaam\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/13\/fra-issues-first-short-selling-license-to-arqaam\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"FRA issues first short selling license to Arqaam\",\"datePublished\":\"2019-06-13T04:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/13\/fra-issues-first-short-selling-license-to-arqaam\/\"},\"wordCount\":252,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/13\/fra-issues-first-short-selling-license-to-arqaam\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2019\/6\/519.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Arqaam Securities Brokerage\",\"EnterpriseAM\",\"Financial Regulatory Authority\",\"short selling\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/13\/fra-issues-first-short-selling-license-to-arqaam\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/13\/fra-issues-first-short-selling-license-to-arqaam\/\",\"name\":\"FRA issues first short selling license to Arqaam - 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The company will now join seven others authorized to short sell \u2014 including Arqaam, EFG Hermes, CI Capital, the Arab African International Securities, Prime Holdings, and HC Securities. Short selling transactions are\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596983,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/14\/fra-grants-prime-holdings-brokerage-arm-short-selling-license\/","url_meta":{"origin":598956,"position":1},"title":"FRA grants Prime Holdings brokerage arm short-selling license","author":"enterpriseam admin","date":"14 July 2019","format":false,"excerpt":"The Financial Regulatory Authority (FRA) approved granting Prime Holdings a short-seller\u2019s license, local press reported on Thursday. Prime\u2019s brokerage arm becomes the fifth to receive the license, joining the brokerage arms of Arqaam, EFG Hermes, CI Capital, and the Arab African International Securities. Short-selling transactions are expected to begin in\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599136,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/19\/egypts-fra-grants-short-selling-licenses-to-efg-cib-aaib\/","url_meta":{"origin":598956,"position":2},"title":"Egypt\u2019s FRA grants short selling licenses to EFG, CIB, AAIB","author":"enterpriseam admin","date":"19 June 2019","format":false,"excerpt":"EFG, CI and AAIS take out short-selling licenses: The brokerage arms of EFG Hermes, CI Capital and the Arab Arfrican International Securities are now licensed short sellers, according to a Financial Regulatory Authority statement. The move comes after Arqaam Securities became last week the first to take out a license.\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/198.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593162,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/19\/fra-grants-short-selling-licenses-to-51-brokerages\/","url_meta":{"origin":598956,"position":3},"title":"FRA grants short selling licenses to 51 brokerages","author":"enterpriseam admin","date":"19 November 2019","format":false,"excerpt":"The Financial Regulatory Authority has granted short selling licenses to 51 brokerage firms, an unnamed FRA official tells Reuters. We know from previous news reports that Pharos was among the latest to acquire the license in September, joining a growing list thatalso includes EFG Hermes, CI Capital, Prime Holdings, HC\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594617,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/02\/egyptian-market-regulator-grants-cairo-capital-securities-short-selling-license\/","url_meta":{"origin":598956,"position":4},"title":"Egyptian market regulator grants Cairo Capital Securities short selling license","author":"enterpriseam admin","date":"2 September 2019","format":false,"excerpt":"Cairo Capital Securities has joined the growing list of brokerage firms authorized by the Financial Regulatory Authority to short sell, CEO Ahmed Abu Hussein said, according to Al Mal. Shuaa Securities, Arqaam, EFG Hermes, CI Capital, the Arab African International Securities, Prime Holdings, HC Securities, and Premiere Securities have all\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597424,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/25\/fra-awards-premiere-securities-short-selling-license\/","url_meta":{"origin":598956,"position":5},"title":"FRA awards Premiere Securities short selling license","author":"enterpriseam admin","date":"25 July 2019","format":false,"excerpt":"The Financial Regulatory Authority has granted Premiere Securities a short selling license, the local press reported. The company joins a growing list of brokerages authorized to short sell \u2014 including Arqaam, EFG Hermes, CI Capital, the Arab African International Securities, Prime Holdings, and HC Securities. Short selling transactions are expected\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/598956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=598956"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/598956\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/598947"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/598957"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=598956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=598956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=598956"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=598956"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=598956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}