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المصري اليوم
Four firms approved for financial services
The General Authority for Financial Control has decided to grant approvals to four companies to engage in non-banking financial activities through financial technology, aiming to expand access to services and promote digital transformation. The approvals include licensing "Ashal Financial" for microfinance, "Manzel" for consumer and real estate financing, as well as approval for "Mutham" to receive subscription operations and execute transactions in investment funds using technology. Additionally, approval has been given for the creation of a digital platform for private equity and venture capital funds, with the goal of developing digital channels to serve non-banking financial activities and facilitate investment management. These decisions are part of the Authority's efforts to enhance the digital capital market and diversify financing tools through financial technology.
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