The Committee for Establishing and Licensing Companies regulated by the Financial Regulatory Authority (FRA) and their branches has approved the incorporation and licensing of six entities to undertake activities falling under the Authority’s supervision. The committee granted a licence to Oliv to participate in the establishment of companies issuing securities or increasing their capital. In addition, the committee approved a licence for Tharaa Insurance Brokerage to engage in insurance brokerage activities. 3060 of 2023, the Committee for Establishing and Licensing Companies is mandated to approve the incorporation of companies operating in non-banking financial activities under the Authority’s supervision and to grant licences for such activities. It is further responsible for providing opinions on the suspension of general assembly resolutions of companies operating in the securities and consumer finance sectors.

Source: Daily News Egypt February 18, 2026 19:05 UTC