Exits MENA obtains FRA’s securities promotion and underwriting license

CAIRO - 03 MAY 2023: The Financial Regulatory Authority (FRA) granted its final securities promotion and underwriting license to Exits MENA, an investment platform connecting startups & SMEs through FinTech with buyers & investors.

Exits MENA is now authorized to offer listing and public offering services to its clients on the Egyptian Stock Exchange (EGX) and the SME platform, Nile Stock Exchange (NILEX) under law no. 95 of 1992.

"We are thrilled to have obtained this license from the Egyptian Financial Regulatory Authority. This is a significant milestone for Exits MENA and the startup's ecosystem in the region. With this license, we can now offer more comprehensive services to our clients, including IPOs, and our existing M&A and private placement services. This will open up new opportunities for startups to access funding and growth capital and contribute to developing the country's tech business ecosystem," said Ayman El Tanbouly, co-founder and Managing Director of Exits MENA.

The FRA license will allow Exits MENA to expand its services, assist startups and companies in meeting the listing requirements of EGX and NILEX and bridge the gap between regional and global players regarding IPOs for tech businesses in Egypt. 

Exits MENA automates multiple investment-related services and offering a phygital (physical and digital) approach through online and offline advisory services.

Earlier this week, the FRA granted Evolve Azimut, a joint venture between Evolve Holding and Azimut Egypt, the approval to launch Egypt’s first gold investment fund.