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The General Authority for Financial Control issued decisions to grant licenses to 12 new companies to carry out activities outside the banking sector. These include establishing investment funds, specialized asset management companies, securities underwriting promotion, agriculture activities, custodianship, debt collection, and medical insurance. These steps aim to expand the number of companies and diversify non-banking financial services, with notable figures indicating the registration of 11 companies in the debt collection register and two companies in the temporary medical insurance activity.
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