Granite Financial Holding has received approval from Egypt’s Financial Regulatory Authority (FRA) to launch a new USD-denominated fixed-income fund, marking a significant milestone in its expansion within the CashTech sector. Granite’s Dollar Account offers competitive cumulative daily returns under full regulatory supervision, supported by e-KYC procedures, daily subscriptions, and weekly redemptions. By investing exclusively in savings instruments and dollar-denominated assets, the fund provides clients with stable returns in hard currency. Hisham Akram, Founder and CEO of Granite Financial Holding, stated: “The FRA’s approval represents a pivotal step in Granite’s journey, enabling us to expand our liquidity management solutions. This initiative combines safety with competitive daily returns and reinforces our ability to introduce innovative dollar-denominated products to meet Egypt’s growing appetite for fixed-income instruments.”

Source: Daily News Egypt March 09, 2026 17:39 UTC