1 Day
Source:
مصراوي
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Licensing Pause Extended
The Financial Regulatory Authority has extended for an additional year the suspension of applications to establish and license consumer finance and microfinance companies, as well as applications from civil associations and institutions seeking to provide microfinance, until October 11, 2027. The decision aims to support financial stability and balance the growth of these activities with the quality of services provided to customers. The suspension of applications for licenses to provide consumer finance using financial technology will also remain in place until February 25, 2027, with the possibility of renewal.
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