Egypt's Financial Regulatory Authority (FRA) has approved the establishment of two new investment funds, one focused on real estate and the other on metals, as part of a broader set of licences granted to five non-banking financial firms. The approvals include Bokra Real Estate Investment Fund and Bokra Metals Investment Fund, along with a licence for Telda Securities Brokerage to receive subscriptions in investment fund certificates. Moreover, Trofinance Leasing was cleared to add factoring to its licensed activities. The approvals were issued by the FRA's licensing committee, which oversees non-banking financial institutions. The committee also handles activity expansions, legal structure changes, bylaw amendments, and operational requests such as branch openings, suspensions, and liquidations. Attribution: Amwal Al Ghad English Subediting: M. S. Salama
