الهيئة العامة للرقابة المالية

Dr. Islam Azzam- FRA Chairman:

• Bringing services closer to investors and driving regional market engagement.
• Streamlining procedures and expanding FRA’s reach all over Egypt.
• Unlocking Alexandria’s high-potential non-banking financial sector.
• The office will directly handle and track corporate financing requests.
• Alexandria office marks the launch of a broader regional rollout plan to bring regulatory services closer to local markets.

Dr. Islam Azzam, FRA Chairman inaugurated FRA’s new representative office in Alexandria, located at Investor Service Center (ISC) in Amreya Free Zone. Alexandria Governor Eng. Ayman Attia and Major General Yasser Abbas, Deputy CEO of GAFI attended the opening.

Dr. Tarek Seif, FRA Vice Chairman, alongside Dr. Mohamed Abdel Aziz and Dr. Rehab Taha, Assistants to Chairman, as well as senior leaders, department heads and officials from both Alexandria Governorate and GAFI, also attended the ceremony.

The inauguration marked the launch of “Building Capacity, Driving Development “conference, organized by FRA in Alexandria under the patronage of Prime Minister Dr. Mostafa Madbouly. The event aims to raise awareness of non-banking financial activities, broaden their reach and maximize their contribution to national development.

Alexandria office is FRA first branch outside Cairo. It was established pursuant to Prime Minister Decree No. 4049 of 2025 which authorized the creation of new branches and representative offices, including a branch in the Financial District of the New Administrative Capital, alongside representative offices in Suez and Qena governorates.

Dr. Islam Azzam, FRA Chairman stated that the opening of Alexandria representative office marks the launch of a broader regional expansion strategy aimed at bringing services closer to market participants and enhancing engagement with investors.

He emphasized FRA’s commitment to extend its reach all over Egypt by streamlining procedures and diversifying communication channels. This includes establishing a physical presence through regional branches and offices, while simultaneously enabling digital correspondence and electronic submission of applications and documents to save time, effort and costs for the Authority, investors and the public.

Dr. Islam Azzam stated that Alexandria’s non-banking financial sector holds significant strategic weight and possesses immense potential to drive further growth across capital markets, insurance and non-banking financing activities. He highlighted that Alexandria stands as Egypt’s second-largest economic hub after Cairo, distinguished by the scale and diversity of its economic activities and steadily expanding markets.

Furthermore, he noted its role as a vital center for service, logistical and commercial sectors linked to heavy industry, food manufacturing, maritime transport and international trade.

FRA Chairman noted that the new office will initially receive and track corporate financing requests—such as capital increases—with plans to progressively expand the scope of services offered on-site.

For his part, Alexandria Governor Eng. Ayman Attia welcomed the opening of the Financial Regulatory Authority’s representative office in Alexandria Free Zone. He underscored the critical importance of ongoing engagement with local and foreign investors, highlighting the Free Zone’s vital role in attracting investment and stimulating growth across industrial and logistical sectors.

Governor Attia highlighted that the Free Zone and its Investor Service Center serve as a vital economic pillar for the governorate, driving productive sectors, boosting export volumes and generating job opportunities. He affirmed the governorate’s commitment to foster an attractive investment environment and strengthen cooperation with regulatory and government entities, adding that integrating non-banking financial services represents a major qualitative leap in these efforts.

For his part, Major General Yasser Abbas, Deputy CEO of GAFI commended the inauguration of FRA office within Investor Service Center. He noted that the Center currently houses representatives from nearly 35 ministries and government entities, serving thousands of companies and investors across various sectors in Alexandria, Beheira and Matrouh.  He added that the presence of FRA will streamline the investor journey—from incorporation to production and reinvesting returns into the Egyptian market.

Deputy CEO of GAFI emphasized that the new office is a major asset to the Investor Service Center and significantly enhances the facilities available to companies operating across non-banking financial sectors. He highlighted the long-standing partnership between FRA and GAFI aimed at advancing these activities and maximizing their overall contribution to the national economy.