Decision of the Board of Directors of the Financial Regulatory Authority No. 98 for 2023

The Egyptian Gazette - No. 110 (Continued) dated May 18, 2023

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# The Financial Regulatory Authority

## Decision of the Board of Directors No. 98 for 2023

### dated May 10, 2023

Regarding the increase of the maximum financing limit granted
by companies, associations, and civil society institutions to finance micro-enterprises

The Board of Directors of the Financial Regulatory Authority
Having reviewed Law No. 10 for 2009 regulating the supervision of markets
and non-banking financial instruments;
Having reviewed Law No. 141 for 2014 regulating the activity of financing
medium, small, and micro-enterprises;
Having reviewed the Law for the Development of Medium, Small, and Micro-Enterprises issued by
Law No. 152 for 2020;
And after the approval of the Board of Directors in its session held on May 10, 2023;

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### Decided:

#### (Article One)

The maximum financing limit granted by licensed companies, associations, and civil society institutions
operating in the activity of financing micro-enterprises is increased by ten percent (10%)
to become two hundred and twenty thousand Egyptian pounds.

#### (Article Two)

This decision shall be published in The Egyptian Gazette and on the Authority's official website, and shall take
effect from the day following its publication in The Egyptian Gazette.

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Chairman of the Board
The Financial Regulatory Authority
Dr. Mohamed Fared Saleh

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Printed by the General Authority for Royal Printing Houses
Chairman of the Board
Accountant / Ashraf Imam Abdel Salam
Deposit No. at the National Library 268 for 2023
26.31 / 2022 - 18/5/2023 - 7.9