FRA Approves Licenses for Five Companies in Real Estate, Mining, IPO, and Factoring Services

Egypt’s Financial Regulatory Authority (FRA) has issued new licenses to five companies across several non-banking financial services, including real estate and mineral investment funds, IPO facilitation, and factoring operations.

Among the approved firms are Telda, Bokra, EGY Trend Securities, and True Finance Lease—each expanding their role within Egypt’s growing non-bank financial sector.

These approvals were granted by the FRA’s Committee for the Establishment and Licensing of Companies, which was established in 2023 to oversee the formation, licensing, and activity expansion of entities operating in the non-banking finance domain.

As part of this round of approvals:

• Bokra was authorized to establish both a Real Estate Investment Fund and a Mineral Investment Fund.
• Telda received a license to provide IPO services specifically for investment fund certificates.
• EGY Trend Securities was permitted to create companies that issue securities or participate in capital increases.
• True Finance Lease was licensed to offer factoring services, a financial solution where a business sells its receivables (invoices) to a third party at a discount in exchange for immediate liquidity.

About the Licensing Committee

Formed under FRA Chairman Decision No. 3060 of 2023, the Licensing Committee is tasked with regulating the setup and licensing of non-bank financial institutions. It also reviews applications to expand company activities and operational mechanisms.

Beyond activity licensing, the committee manages approvals for opening, relocating, or closing company branches; oversees liquidation and temporary or voluntary suspension procedures; and handles the registration, renewal, or removal of company founders’ representatives.