FRA moves to revoke two Tycoon Holding licenses
· Egyptian market news · ARAB
The Financial Regulatory Authority (FRA) has initiated procedures to revoke two licenses held by Tycoon Holding Company, previously known as Alexandria National Company for Financial Investment, after the company failed to address regulatory violations within a one-month deadline, as per a disclosure.
The licenses cover the promotion and underwriting of securities and the establishment of…
Source: Arab Finance — read the original story