7 Hrs
Source:
المصدر
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Financial Authority approves 7 firms for non-banking work
The Financial Regulatory Authority approved the licensing of 7 companies to engage in non-banking activities in the capital market and non-bank financing, with the aim of expanding and developing the non-banking financial market. The decisions included establishing "Shyria" for promotion and underwriting coverage, and granting licenses to companies such as "E-Finance," "Golden Way," "Oliv Egypt," and "Business Community" to carry out activities including company formation, securities trading, asset management, and investment funds. Additionally, preliminary approval was given to add factoring to "Fawry," and "Simple" was registered in the receivables collection register, making it one of 12 licensed companies in this field. These decisions come within the framework of the Authority’s regulation and supervision of the non-banking market to promote growth and organize non-banking financial activities.
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