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بوابة الفجر
Regulatory Authority Approves 7 Firms
The Egyptian General Authority for Financial Supervisory has confirmed the approval of the establishment and licensing of seven companies and entities to carry out various non-banking financial activities in the capital market and non-banking finance sector. These activities include promoting and underwriting securities offerings, participating in the founding of companies and increasing their capital, dealing and brokering in bonds, managing securities portfolios and investment funds, as well as factoring activities in non-banking finance. This step is part of the Authority's efforts to expand and deepen the non-banking finance market and to regulate it effectively, continuing to issue decisions based on studies and recommendations from specialized committees to ensure compliance with relevant laws and regulations.
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