Thursday, May 29/2025 – 09:39 PM
The Board of Directors of the Financial Supervisory Authority issued today, Thursday, May 29, Resolution No. 110 of 2025 regarding extending the deadline granted to increase the capital of real estate financing companies for a year.
The Board of Directors of the Financial Supervisory Authority
According to what was published in the Egyptian Fact newspaper, after reviewing Law No. 10 of 2009 to regulate control over markets and non-banking financial tools, and the real estate financing law issued by Law No. 148 of 2001, and the memorandum prepared by the supervision and control sector on non-bank financing activities dated 18-5-2025, and after the approval of the Authority’s Board of Directors of its session held on 21-5-2025, the Board of Directors of the Authority decided the following:
Article 1
The deadline granted to increasing the capital of real estate financing companies will be extended for a year from 22-5-2025, in accordance with the provision of Article 27 of the executive regulations of the Real Estate Finance Law issued by Law No. 148 of 2001.
Article Two
This decision is published in the Egyptian facts, and on the website of the General Authority for Financial Supervision, and it works from the day following the date of its publication in the Egyptian facts.
