The report indicated that individual investors account for the largest share of total accounts at 72%, compared with 28% for institutions, highlighting the dominance of retail investors in the gold funds market.
The FRA requires insurance and reinsurance brokerage firms to increase their capital to a minimum of EGP 5 million, while risk assessment, loss inspection, insurance consultancy, and actuarial expertise firms must raise their capital to a minimum of EGP 3 million.
The Financial Regulatory Authority (FRA) has granted approval for two mandatory tender offers (MTOs), clearing both Wafa Assurance and Raya Holding to proceed with acquisition bids
These offerings — spanning gold, cryptocurrencies, real estate, and financial securities — often fall outside the legal framework and can result in serious financial and legal consequences.
The new approvals contribute to a cumulative total of EGP 25.7 billion in sukuk issued on Egypt’s capital market since the first Islamic-compliant sukuk launched in 2020.
