FRA amends standards for financial evaluation of enterprises - News Summed Up

FRA amends standards for financial evaluation of enterprises


The Financial Regulatory Authority (FRA) issued decision No. 150 for 2023 to amend the Authority’s decision No. 1 for 2017 regarding the standards for financial evaluation of enterprises, by developing some methodologies and models that suit the nature of start-ups to help them access the necessary funding for growth, expansion, and business development. The decision also stipulates that the target investment multiplier is estimated using the direct form method, or by calculating the target return upon exit. Farid added that the process of developing standards comes in light of the Authority’s management’s keenness to complete efforts to provide an enabling environment for economic entities to explore opportunities for growth and business development through the services provided by non-banking financial markets and the entities operating in them.


Source: Daily News Egypt August 24, 2023 00:14 UTC



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