Egypt – Consumer Finance Companies to Provide Payment Services Using Prepaid Cards

May 3, 2023
The Financial Regulatory Authority (“FRA”) issued Decree No. 61 for 2023 (“Decree”) to allow licensed consumer finance companies to provide payment services using prepaid cards on behalf of banks. The Decree authori...

Egypt Regulates the Enforcement of Startups Share Transfer under Convertible Instruments

June 18, 2022
The Egyptian Financial Regulatory Authority (FRA) issued Decree 68 for 2022 to amend the Rules of Trading of Unlisted Shares issued by virtue of Decree 94 for 2018 (the “Rules”). The amended Rules allowed Misr for C...

Egypt Allows SPAC Listing

November 20, 2021
With the accelerated rise of special purpose acquisition companies (SPACs) over the past years, the Financial Regulatory Authority (FRA) in Egypt has given its green light for the establishment and licensing of SPAC...