Regulatory Alerts2022-01-01
Board of Directors Resolution No. (7) for the Year 2022
The Financial Regulatory Authority issued Resolution No. 7 of 2022 to amend Resolution No. 111 of 2015, replacing the residential real estate financing cap at ninety percent of the unit or guarantee value. The updated rule permits full-value financing for construction, renovation, or improvement projects while maintaining the ninety percent ceiling, and allows Central Bank of Egypt initiatives for middle- and low-income earners to incorporate maintenance deposit values. This amendment takes effect the day following its publication in the Egyptian Gazette and on the Authority’s official website.
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