FRA’s New Approvals for Ownership, Acquisition, or Merger of Non-Banking Financial Companies

October 31, 2024
On August 29, 2024, the Financial Regulatory Authority (FRA) issued Decree No. 178 of 2024, setting out a structured framework for approving ownership, control, acquisition, or merger of companies involved in non-ba...

FRA Approves Egypt’s First SPAC and Establishes New Regulatory Framework

October 29, 2024
On September 25, 2024, the Egyptian Financial Regulatory Authority (FRA) marked a milestone by approving the country’s first Special Purpose Acquisition Company (SPAC) under Decree No. 2323/2024. This move comes on...

Egypt’s New Unified Insurance Law: A Transformative Step for the Insurance Sector

October 29, 2024
Egypt introduced the Unified Insurance Law No. 155 of 2024, marking a significant overhaul of the regulatory framework governing the insurance and reinsurance sector. This comprehensive law, which consists of 224 ar...