Financial Regulatory Authority

FINANCIAL REGULATORY AUTHORITY

Chairman of the Authority

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Decision No. (169) for the Year 2019

Dated 8/2/2019

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Chairman of the Board of Directors of the Financial Regulatory Authority

After reviewing the Law on Joint Stock Companies, Companies with Limited Liability by Shares, Limited Liability Companies, and Single-Person Companies issued under Law No. 159 of 1981, and Law No. 10 of 2009 regulating supervision over non-banking financial markets and instruments, and Law No. 176 of 2018 issuing the Law on Financial Leasing and Factoring, and the Board of Directors Decision No. (137) of 2018 concerning the conditions for granting and maintaining licenses for financial leasing and factoring companies, and the Board of Directors Decision No. (6) of 2019 extending the deadline for signing the articles of association for financial leasing and factoring companies, and the memorandum issued by the Central Administration for Company Establishment and Licensing on this matter, and with the approval of the Chairman of the Authority, dated 12/2/2019,

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"It is Decided"

(Article One)

Approval is granted for signing the articles of association of Egyptian joint stock companies licensed to conduct financial leasing activities, in accordance with the provisions of Law No. 176 of 2018 issuing the Law on Financial Leasing and Factoring, and the Authority's Board of Directors Decision No. (137) of 2018, as follows:

No.	Company Name
1	Tamweel for Financial Leasing
2	Plus for Financial Leasing
3	Al Ahly for Financial Leasing
4	United for Financial Leasing
5	Adeles for Financial Leasing
6	Cairo for Financial Leasing
7	Arab African International for Financial Leasing
8	Enma for Financial Leasing
9	Hermes Investment Group for Financial Leasing
10	Eyles for Financial Leasing
11	Global Lease for Financial Leasing
12	BM for Financial Leasing
13	Al Tamweel for Financial Leasing (First)
14	Egyptian Real Estate Finance
15	International Financial Leasing Company - Incolease
16	QNB for Financial Leasing
17	Al Tawfiq for Financial Leasing
18	Corp Lease for Financial Leasing - Egypt
19	Orix Egypt for Financial Leasing
20	Al Ahly Kuwaiti - Egypt for Financial Leasing
21	JP for Financial Leasing
22	Tact Lease for Financial Leasing
23	Nile for Financial Leasing
24	Emirates NBD for Financial Leasing
25	Sa'id for Financial Leasing
26	Archer Finance for Financial Leasing
27	TD for Financial Leasing
28	Al Hayat for Financial Leasing

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(Article Two)

Approval is granted for signing the articles of association of Egyptian joint stock companies licensed to conduct factoring activities, in accordance with the provisions of Law No. 176 of 2018 issuing the Law on Financial Leasing and Factoring, and the Authority's Board of Directors Decision No. (137) of 2018, as follows:

No.	Company Name
1	Egyptian Factoring Company
2	QNB Al Ahly Factoring Company
3	Drive Factoring Company
4	Tamweel for Real Estate Finance
5	Cairo Factoring Company
6	Al Masrien Factoring Company
7	Plus Factoring Company
8	Hermes Investment Group Factoring Company

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(Article Three)

This Decision shall be published on the Authority's website and shall take effect from the date of its issuance. Competent departments are tasked with its implementation according to their respective jurisdictions.

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Chairman of the Board of Directors Financial Regulatory Authority

Dr. Mohamed Omran

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Smart Village, Building No. B-136, Giza, Egypt Postal Code: 12577 Tel.: +202 35345350 - Fax: +202 35370036 info@fra.gov.eg

Smart Village, Building no. B-136, Giza Postal Code : 12577 Tel.: (00202) 35345350 - Fax.: (00202) 35370036 www.FRA.gov.eg