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FRA: 5 securitization bond issues worth 3.9 billion pounds in 5 months


The Financial Supervisory Authority revealed that “securitization” bond issues amounted to 5 approvals worth 3.96 billion pounds during the period from January to May 2021, compared to 4 approvals worth 3.3 billion pounds during the same period in 2020, with a growth rate of 25% in the number of approvals, and 20 5% of the value of the issues.

 

The Financial Supervisory Authority announced the number of approvals regarding the issuance of shares to establish new companies and increase the capital of existing companies during the month of May, and it amounted to 206 approvals with an issued value of 6.6 billion pounds, compared to 122 approvals during the month of May of 2020, with an issued value of 3.5 billion pounds. Hence, the number of issuances witnessed a growth of 68.9%, and the value of incorporation and capital increases increased by 86.8%.

 

The approvals were distributed among 118 approvals for the establishment of companies worth 893.4 million pounds during the month of May of 2021, compared to 81 approvals worth 263.9 million pounds during the month of May 2020, with a growth rate of 45.7% in the number of approvals, and 238.6% in the value of incorporation, while the number of approvals for share issuances increased The capital was 87 approvals worth 4.8 billion pounds during May 2021, compared to 40 approvals worth 2.7 billion pounds during May 2020, with a growth rate of 117.5% in the number of approvals and a growth of 77% in the value of the establishment.

 

The authority added, in a report that “The Seventh Day” obtained a copy of, that the number of approvals regarding the issuance of shares for establishing new companies and increasing the capital of existing companies from the beginning of the year until May 2021 amounted to 1267 approvals with an issued value of 80.5 billion pounds, compared to 1101 approvals during the same period. The period last year with an issued value of 52.1 billion pounds, and then the number of approvals witnessed a growth of 15.1%, and a growth in the value of establishment and capital increases by 54.5%.

 

The approvals were distributed among 753 approvals for the establishment of companies worth 17.95 billion pounds during the period from January to May for the year 2021, compared to 717 approvals, with a value of 23.05 billion pounds during the same period in 2020, with a growth rate of 5% in the number of approvals, and a decrease by 22.1% in the value of the establishment, while the number of Approvals for issuance of capital increase shares 509 approvals worth 58.6 billion pounds, compared to 380 approvals worth 25.8 billion pounds during the comparison period, with a growth rate of 33.9% in the number of approvals and 127.2% in the value of establishment.

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