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...

Understanding Saudi Arabia’s New Real Estate Tax Law: Key Changes and Implications

October 29, 2024
On Tuesday, September 17, 2024 (14th of Rabi Al Awal 1446), the Cabinet of the Kingdom of Saudi Arabia issued Decree No. 239 of 1446, officially approving a new Real Estate Transactions Tax Law (“Law”). The Law was...

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...