The Financial Regulatory Authority (FRA) has approved the establishment of Al Ahly Green Agricultural Investment Fund Company, making it the first private equity investment fund in the Egyptian market dedicated to investment in the agricultural sector. The fund may also engage in venture capital activity. It also supports the state’s strategy of strengthening the role of the private sector in productive activities and attracting long-term investment to priority sectors. It is also responsible for approving the opening, relocation and closure of branches of companies operating in non-banking financial activities, as well as requests for liquidation, temporary suspension or voluntary suspension of activity. The committee further reviews applications related to the registration, renewal and removal of agents involved in establishing companies operating in non-banking financial activities.

Source: Daily News Egypt March 07, 2026 17:47 UTC