The Egyptian Financial Regulatory Authority (FRA) has granted the final securities marketing and underwriting license to the Egyptian investment platform Exits MENA.
With this license, Exits MENA will be able to expand its service offerings and provide additional investment channels.
Exits MENA is an investment platform that was established in 2022 by Mohamed Aboulnaga, Ahella El Saban, and Ayman El Tanbouly. The platform offers a wide variety of investment services to startups and small and medium-sized enterprises (SMEs).
The purpose of the platform is to encourage the expansion and evolution of the startup ecosystem in the MENA area. It does this by offering novel solutions that can assist businesses in gaining access to finance, realizing successful exits, and propelling economic expansion.
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The fledgling company successfully completed a pre-seed investment round in the amount of one million United States dollars in September, and it has now obtained the essential license.
The license enables Exits MENA to broaden its service offerings and give its customers access to other investment channels inside a framework of strict regulation, which, in the end, is beneficial to the businesses that are part of the ecosystem.
Exits MENA is now licenced to provide its customers with listing and public offering services on the Egyptian Stock Exchange (EGX) and the Nile Stock Exchange (NILEX), which is a platform for small and medium-sized enterprises (SMEs)
Exits can now also assist startups and firms in navigating the process of going public and accessing the capital markets. This provides these entities with liquidity, transparency, and fair value evaluations. Exits can also assist in the process of going public.
Remarks From co-founder and managing director of Exits MENA.
“We are thrilled to have obtained this license from the Egyptian Financial Regulatory Authority,” said El Tanbouly, co-founder and managing director of Exits MENA. “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.”
About Exits MENA
Exits MENA was established as an investment platform in 2022. According to a statement released by the firm, the Egyptian Financial Regulatory Authority (FRA) has granted Exits MENA the final licence required for the promotion and underwriting of securities.
In order to facilitate the expansion of the startup ecosystem in the Middle East and North Africa (MENA) area, Exits MENA will be granted a licence that will allow them to broaden the range of services they offer their customers and make available to them more investment opportunities.
Exits MENA successfully completed a pre-seed investment round in the amount of one million dollars in September 2017 and has since been granted permission to provide listing and public offering services to customers on both the Egyptian Stock Exchange and the Nile Stock Exchange, which is a platform for small and medium-sized enterprises. Additionally, the business will be able to guide newly established companies through the process of going public and gaining access to the financial markets.
According to Ayman El Tanbouly, co-founder and managing director of Exits MENA, this achievement marks a significant milestone for both the organisation and the startup ecosystem in the region. He further stated that with this licence, they are now able to provide their clients with a wider range of services, such as initial public offerings (IPOs), in addition to their mergers and acquisitions and private placement services.
This will make it easier for start-up companies to gain access to investment and growth capital, which will in turn help the growth of the tech business ecosystem in the country.