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Financial Regulatory Authority

UAE Chimera Investments places offer for majority stake in Beltone Financial Holding

This will be the 2nd offer for Beltone in June alone, receiving a mandatory non-binding purchase offer from a consortium of “strategic investors” through Cairo-based WM Consulting

FRA extends working hours to meet increased demand

There has been a climbing trend in holding business meetings related to the clarifications requested by the FRA’s technical departments regarding non-bank financial activities

Conducting due diligence on non-banking companies now needs prior FRA approval

FRA states that companies will need to request and receive approval from the authority or its board before being allowed access to the company’s internal documents and data

Egypt’s first ever SPAC could happen in February | FRA Head

“At the end of this month or early next month, we will have the first blank check company [SPAC],” announced Financial Regulatory Authority (FRA) head Mohamed Omran

Egypt’s capital market indicators saw significant growth in 2021 | FRA Head

On the sideline of the annual FRA conference, Omran explained that the value of securities issuances (stocks, bonds and sukuk) rose to EGP 280.3 billion during 2021