FRA eases equity requirement for real estate firms converting to investment funds
· Egyptian market news · ARAB
The Financial Regulatory Authority (FRA) has amended the requirements for real estate investment and development companies seeking to convert into real estate investment funds, as per a statement.
Under the new rules, a company’s net equity must be at least EGP 500 million based on its latest audited financial statements, replacing a previous requirement that…
Source: Arab Finance — read the original story