الهيئة العامة للرقابة المالية

أحداث وفاعليات الهيئة

FRA Chairman Holds Open Dialogue with JP Morgan, Morgan Stanley and Goldman Sachs Investors in Washington- Friday 17 October 2025

• These discussions extend the ongoing efforts by the Authority and state institutions to highlight Egypt’s economic reforms at the IMF and World Bank meetings.
• Expanding the ownership base must incorporate all types of financial institutions, as public markets significantly enhance governance and overall market discipline.
• Digitizing transactions, implementing e-KYC and enabling e-account opening have had the greatest impact on boosting financial engagement and inclusion rates.
• Egypt’s robust framework for entrepreneurship and startups has proven pioneering, successfully attracting significant investments and establishing it as the leading African destination for Venture Capital (VC).

Dr. Mohamed Farid, FRA Chairman conducted intensive and productive meetings with senior global investors from JP Morgan, Morgan Stanley, and Goldman Sachs in Washington, D.C. Held on the sidelines of the IMF and World Bank meetings, the dialogues underscored FRA’s commitment to deepening engagement with the international investment community. The discussions centered on Egypt’s non-banking financial market reforms, a strategic drive to solidify the country’s position as a leading regional investment hub.

Dr. Farid reviewed FRA’s recent structural development efforts to establish more efficient and globally integrated financial markets. He emphasized that the Authority’s core strategy centers on boosting transparency, governance and institutional participation considered as key to achieve market discipline and sustainability.

Specifically, FRA Chairman argued that expanding the market’s ownership base must incorporate institutional players like pension funds, insurance companies and investment funds. Their inclusion is critical for improving pricing efficiency and ensuring market stability, as they promote long-term investment and curb speculative trading.

Furthermore, Dr. Farid highlighted the impact of digitization and technological transformation as essential development drivers. Adopting comprehensive digital solutions – such as e-KYC and e-account opening – has delivered a significant surge in financial inclusion and engagement with the formal financial system, directly supporting the Egyptian government’s strategy.

Also, he pointed out that these steps have empowered new categories of investors and consumers, specifically youth and entrepreneurs, by granting them easy and secure access to non-banking financial services. This vital access not only significantly strengthens financial inclusion but also bolsters the national economy’s resilience against global challenges.

Dr. Farid further highlighted the success of Egypt’s integrated efforts in fostering the entrepreneurship and startup ecosystem. Through the development of specialized legislation for Venture Capital (VC) and startup financing, Egypt has become the leading country in Africa for attracting VC investments in recent years. This achievement, he clarified, is the result of adopting a clear vision to encourage innovation and implementing a strategy that cultivates a nurturing investment environment, thereby creating new job opportunities and stimulating the digital economy.

FRA Chairman stressed that the upcoming phase will prioritize accelerating technical and institutional cooperation with international partners and global investment institutions. This collaboration is crucial for exchanging expertise and supporting local capacity building in areas like Sustainable Finance and Digital Transformation, alongside developing new mechanisms to facilitate the entry of foreign capital into the Egyptian market.

Dr. Farid affirmed that FRA is re-structuring the relationship between regulation and innovation. The core objective is to combine investor protection with the facilitated entry of new financial products, ensuring the market keeps pace with new financing tools such as Green Finance, Sukuk and Venture Capital.

FRA Chairman added that the Authority is actively working to enhance integration between Egyptian capital markets and their regional and international counterparts. This involves developing a legislative and regulatory environment that is more flexible and attractive while adhering strictly to the highest standards of disclosure and governance. This comprehensive orientation is designed to establish the Egyptian market as a pivotal hub for investment flows – a balanced model defined by efficiency, discipline and transparency.

FRA and EGX Leaders Open Trading Session to Mark World Investor Week 2025 – Thursday 16 October 2025

Mohamed El Sayyad –  FRA Vice Chairman:

• Knowledge and transparency are the foundational pillars for sustainable markets. Effective investor protection must start with education, not punishment.
• The Authority fosters regulated innovation in the financial sector by establishing a clear legislative framework for Financial Technology (FinTech), including Law No. 5 of 2022 and resolutions governing the Robo-Advisor.

Dr. Islam Azzam – EGX Chairman:

• The Stock Exchange’s initiatives are designed to equip the next generation with the financial knowledge and skills essential for building a thriving knowledge economy.

Dr. Mohamed Abd Elaziz – Assistant to FRA Chairman:

• Financial literacy is key to sustainable economic development, as it empowers citizens to make sound, informed decisions that drive financial inclusion.
• Financial literacy is the means by which citizens apply economic policies to their own daily life.

FRA and EGX leaders kicked off World Investor Week 2025 by ringing the bell at the Egyptian Exchange trading session this morning. This high-profile event drew senior officials, including Dr. Eslam Azzam, EGX Chairman and Mr. Mohamed El Sayyad, FRA Vice Chairman. In addition to Dr. Mohamed Abd Elaziz, Assistant to FRA Chairman, Mohamed Sabry, EGX Vice Chairman, Mohamed Ayad , FRA Media Advisor as well as other leaders from the non-banking financial sector and young investors.

World Investor Week is an annual initiative launched by the International Organization of Securities Commissions (IOSCO) since 2017 – where FRA Chairman Dr. Mohamed Farid serves as Vice Chairman – aims to unify global efforts in financial literacy, investor protection and enhancing market integrity and transparency.

This year’s edition is strategically aligned with IOSCO’s roadmap for online investor safety, placing a specific focus on critical themes like Technology and Digital Finance, Artificial Intelligence (AI), prevention of fraud and manipulation, crypto assets and investment fundamentals.

FRA Vice Chairman Mr. Mohamed El Sayyad used the platform of World Investor Week to reaffirm the Authority’s core belief: the growth of financial markets relies fundamentally on trust and knowledge, not just metrics.

 He stressed that trust is cultivated by ensuring investors operate in a regulated and fair environment, while knowledge comes from fully understanding tools, rights and risks. Crucially, he asserted that investor protection begins with education, not punishment, making financial literacy the first line of defense to enhance financial inclusion and empower citizens toward making sound investment decisions.

El Sayyad detailed FRA’s innovative approach to financial awareness and literacy. Key initiatives include the iInvest digital platform – the first comprehensive electronic center for non-banking financial education – which offers interactive programs and training videos. The Authority also launched ‘FRA Podcast – Know to Benefit,’ the region’s first regulatory podcast, designed to simplify concepts like the capital market, insurance and consumer finance for young people. These efforts are complemented by continuous social media campaigns instructing citizens on how to verify licensed entities before investing.

Addressing Digital Transformation and Financial Technology (FinTech), a core theme of World Investor Week, he highlighted FRA’s pioneering role in the region. The Authority established an integrated legislative framework to regulate FinTech, centered on Law No. 5 of 2022 and numerous resolutions, notably those governing the Robo-Advisor (resolutions no. 139, 140, 141, 268 of 2023 and 57 of 2024). He emphasized that these efforts embody FRA’s core vision: innovation does not contradict regulation but supports and enhances it. El Sayyad concluded by stressing that World Investor Week is a call for shared responsibility among all market participants to build sustainable financial awareness foster trust and protect investors.

Dr. Eslam Azzam, EGX Chairman stressed that EGX’s participation underscores its deep commitment to promote financial literacy and investment awareness, particularly among youth, viewing it as the fundamental basis for building a sustainable, knowledge-based economy. To achieve this, Dr. Azzam detailed the EGX’s comprehensive strategy which involves collaborative training and educational programs with the Ministry of Youth and Sports, universities, and the Financial Regulatory Authority (FRA). These efforts have yielded significant results, including training thousands of students across various governorates on the fundamentals of investment and savings. Specific initiatives include the successful “EGX Pavilion in Universities” which has engaged approximately 4,500 students across seven institutions and the “Egyptian Exchange Ambassadors” program, which features 90 qualified young ambassadors trained to disseminate financial literacy in schools and universities.

Dr. Azzam confirmed that EGX has significantly expanded its digital and media activities to boost financial awareness. These efforts include producing over 70 educational videos and podcasts, which generated over 40,000 engagements and reached more than 4.5 million users. Furthermore, EGX participated for the sixth consecutive year in the Cairo International Book Fair where its pavilion engaged over 11,000 visitors and distributed educational booklets like ‘Invest Right’ and ‘Learn Stock Exchange’. He highlighted the success of the interactive Ramadan competition which awarded 12 winners real investment portfolios, underscoring the achievement in promoting a culture of conscious investment among youth.

Dr. Azzam affirmed that all these initiatives are part of a comprehensive strategy to enhance financial inclusion and build a new generation equipped with essential financial skills and knowledge. He stressed the EGX’s ongoing commitment to collaborate with state institutions and private sector to promote a culture of responsible saving and investment.

He concluded by asserting that today’s event symbolizes not just the start of a new trading session, but the launch of a new phase of financial awareness and responsibility. The EGX will continue its collaboration with various partners – including state institutions, private sector and universities – to disseminate a culture of responsible saving and investment, ultimately contributing to the building of a more robust and sustainable economy.

Dr. Mohamed Abdelaziz, Assistant to FRA Chairman, affirmed that Egypt is achieving successive diplomatic, political and economic successes, positioning it as a model for restoring regional and international standing, attracting investments and enhancing stability. He explained that these achievements have translated into increasing confidence from both local and international investors, thereby opening broad horizons for future growth and development.

Dr. Abdelaziz stressed that this heightened investor confidence can only be maintained through spreading financial literacy among citizens and investors, arguing that literacy is the bridge connecting economic policies to practical reality. He defined financial literacy as the core of economic development itself, ensuring that reforms successfully translate growth into tangible development that citizens feel in their daily lives.

He elaborated that promoting financial literacy empowers citizens to understand their rights and responsibilities, enabling them to make sound investment decisions. For investors, literacy is vital for distinguishing real opportunities from deceptive offers and safe investment from uncalculated risk. Dr. Abdelaziz concluded that financial literacy is the foundation for achieving genuine financial inclusion, guaranteeing that all citizens benefit from economic development. He noted that FRA’s efforts – including campaigns, training and cooperation with ministries and universities – are part of an integrated national vision to empower Egyptians to consciously engage with non-banking financial services.

Mohamed Sabry, EGX Vice Chairman emphasized the importance of the event in promoting financial literacy across all societal segments, especially youth. He subsequently announced several key EGX outreach initiatives, including the launch of a professional 50-episode podcast to cover investment topics in a simple, engaging manner and the development of new educational content for pre-university students in collaboration with relevant authorities.

Sabry also highlighted an upcoming promotional event focused on the advantages of listing on the EGX, expecting around 150 leaders from targeted companies and related institutions to participate.

Financial Regulatory Authority (FRA), as the non-banking financial market regulator, affirmed its commitment to continued cooperation with the EGX and all partners. This essential collaboration aims to enhance financial awareness and protect investors, ultimately supporting Egypt’s efforts to build an economy anchored in knowledge, trust and sustainability.

FRA Chairman Reviews Non-Banking Financial Sector Development with Standard Bank Group and Citibank During the World Bank Group-IMF Annual Meetings – Wednesday 15 October 2025

• FRA’s participation underscores its commitment to foster direct dialogue with the global investment community and sharing insights on regulatory and supervisory developments in financial markets.

Dr. Mohamed Farid – FRA Chairman:

• Reforms in the non-banking financial sector (NBFS) are strategically designed to complement macro-economic reforms, maximizing the positive impact of policies on citizens and businesses.
• The NBFS ensures economic reforms directly benefit citizens and companies by rapidly developing markets and diversifying financing tools.
• We are committed to build a disciplined, flexible financial market. This involves comprehensive regulatory and legislative reforms that carefully balance investor protection with economic growth, ensuring the market operates with transparency, efficiency and sustainability.
• Capital market development aims to boost transparency and discipline, encourage citizens to participate in stock investments and directly benefit from economic growth.
• FRA is leveraging FinTech and developing robust electronic infrastructure to lead the digital transformation of the NBFS. This effort is crucial for enhancing financial inclusion and significantly broadening the scope of financial services.

Dr. Mohamed Farid,  FRA Chairman held high-level open dialogues with leading international investors, asset managers and global financing institutions during the World Bank Group-IMF Annual Meetings in Washington.  Hosted by Standard Bank Group and Citibank, the sessions focused on reviewing Egypt’s regulatory and supervisory policy developments, particularly within the context of Egypt’s comprehensive financial, monetary, structural and non-banking financial sector (NBFS) economic reform program.

FRA’s presence at these global gatherings underscores its dedication to build bridges of communication with the global investment community. The Authority actively uses these forums to exchange views on regulatory developments and to showcase the significant progress made in reforming and developing the Egyptian NBFS – a crucial pillar supporting economic growth and financing sustainable development.

During the discussions, Dr. Farid emphasized that FRA’s comprehensive reforms to develop and regulate non-banking financial markets are a direct extension of Egypt’s broader macro-economic reforms. He clarified that the true measure of economic reform success is its capacity to reach companies and individuals through well-regulated financial markets and effective supervision.

This strategic integration between macro-level and sectoral reforms significantly enhances “Transmission Mechanism.” This mechanism ensures that the benefits of macro-economic stability are effectively reflected in improved market performance and in increased financing and investment opportunities for both citizens and businesses.

Dr. Farid further explained that the Authority focused on deepening markets, expanding the base of participants and enhancing efficiency and transparency. This strategic approach is essential for converting overall economic growth into real financing opportunities for companies and encouraging wider societal participation in economic activity. He concluded that the NBFS plays a vital role in effectively mobilizing domestic resources and channeling them towards diverse, productive and sustainable investment projects.

In his address, Dr. Farid reviewed the key structural, legislative and regulatory reforms recently implemented across the insurance, capital market and non-banking finance sectors. These comprehensive changes are designed to create a financial sector that is more efficient, sustainable and resilient against global challenges.

In the insurance sector, FRA is enhancing protection by raising insurance companies’ capitalization, financial solvency and administrative and technical capabilities. This push is underscored by a legislative milestone: the implementation of the Unified Insurance Law No. 155 of 2024. This new law marks a major turning point by unifying the legislative framework, significantly enhancing insurance inclusion and expanding the base of beneficiaries, thereby contributing directly to the financial stability of individuals and institutions.

For Capital Market Development, the Authority has enacted deep institutional reforms focused on boosting discipline, transparency, disclosure, and investor protection. A key goal of these efforts is empowering citizens by actively encouraging their participation in stock market investments, thus directly linking the public to national economic activity, wealth creation and growth. He added that FRA is actively working to launch new financing and investment tools tailored for startups and SMEs. Furthermore, efforts are underway to develop sustainable finance markets and the voluntary carbon market, an initiative that solidifies Egypt’s position as a regional hub for green and sustainable finance.

FRA Chairman emphasized that legislative and regulatory progress is incomplete without a robust commitment to digital transformation and technological innovation. FRA is therefore taking a pivotal role in leading the digital overhaul within the Non-Banking Financial Sector (NBFS) by strategically adopting Financial Technology (FinTech). This is a core strategy to both expand access to financial services and significantly enhance financial inclusion. Driven by its vision for a more efficient and innovative financial sector, the Authority is actively fostering a flexible and advanced regulatory environment. This framework specifically encourages the use of technological solutions across key areas, including micro-finance, financial leasing, mortgage finance and consumer finance. This strategic approach not only allows financial services to reach wider segments of individuals and SMEs but also reduces the cost of financial services, accelerates financing cycle and improves quality of credit decisions. Additionally, FRA is simultaneously focused on developing the digital infrastructure of the markets. This includes launching essential electronic platforms for licensing, supervision and disclosure. Furthermore, the Authority is integrating smart data analytics to significantly boost supervisory efficiency and ensure the highest quality of market information.

FRA is leading integrated efforts to foster the crucial link between FinTech and financial inclusion. This is achieved by establishing a supportive legislative and regulatory system that champions innovation and creates space for startups and digital service providers to develop new products that meet diverse needs. A key initiative is FRA Sandbox which is an experimental platform the Authority launched to evaluate and develop financial innovations under its direct supervision. In this respect, FRA manages to strike a balance between providing robust consumer protection and fostering an environment that actively encourages innovation and new ideas.

The Authority recognizes that technology is a means, not an end. To that effect, FRA is dedicated to raise the digital financial awareness and literacy of consumers and institutions. This approach is designed to deliver real and sustainable financial inclusion, empowering citizens with fair access to finance. Ultimately, this effort makes the Non-Banking Financial Sector (NBFS) more flexible and capable of supporting economic growth and social development, contributing directly to job creation and increased productivity.

Dr. Farid affirmed that the comprehensive regulatory and supervisory reforms led by the Authority are the fundamental pillar for building a disciplined, flexible and fair market that effectively balances investor protection with growth stimulation. He stressed that supervision is not a goal unto itself; rather, it is a vital tool for achieving market stability, ensuring the efficient allocation of resources and stimulating innovation in financial products and services.

He pointed out that FRA is committed to implement the best standards of governance and international practices in supervision and regulation. This commitment is paired with a focused effort to develop the capabilities of technical and professional staff within the Authority and across non-banking financial institutions. Furthermore, FRA is actively working to enhance financial and investment literacy to ensure all participants have a deeper understanding of new tools and markets.

Dr. Faird added that the Authority remains focused on continually developing the regulatory and legislative framework and adopting policies that stimulate financial innovation without compromising institutional discipline. This strategic approach is crucial for boosting the confidence of local and international investors and ensuring that Egyptian financial markets can effectively finance economic development and support the transition toward a more flexible, sustainable and competitive economy.

In conclusion, FRA Chairman affirmed that the development of the non-banking financial sector is a continuous journey and a top priority for FRA. It stands as one of the main engines for achieving comprehensive and sustainable growth in the Egyptian economy.

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مؤتمرات و ندوات

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Press Releases

FRA Chairman Holds Open Dialogue with JP Morgan, Morgan Stanley and Goldman Sachs Investors in Washington- Friday 17 October 2025

• These discussions extend the ongoing efforts by the Authority and state institutions to highlight Egypt’s economic reforms at the IMF and World Bank meetings.
• Expanding the ownership base must incorporate all types of financial institutions, as public markets significantly enhance governance and overall market discipline.
• Digitizing transactions, implementing e-KYC and enabling e-account opening have had the greatest impact on boosting financial engagement and inclusion rates.
• Egypt’s robust framework for entrepreneurship and startups has proven pioneering, successfully attracting significant investments and establishing it as the leading African destination for Venture Capital (VC).

Dr. Mohamed Farid, FRA Chairman conducted intensive and productive meetings with senior global investors from JP Morgan, Morgan Stanley, and Goldman Sachs in Washington, D.C. Held on the sidelines of the IMF and World Bank meetings, the dialogues underscored FRA’s commitment to deepening engagement with the international investment community. The discussions centered on Egypt’s non-banking financial market reforms, a strategic drive to solidify the country’s position as a leading regional investment hub.

Dr. Farid reviewed FRA’s recent structural development efforts to establish more efficient and globally integrated financial markets. He emphasized that the Authority’s core strategy centers on boosting transparency, governance and institutional participation considered as key to achieve market discipline and sustainability.

Specifically, FRA Chairman argued that expanding the market’s ownership base must incorporate institutional players like pension funds, insurance companies and investment funds. Their inclusion is critical for improving pricing efficiency and ensuring market stability, as they promote long-term investment and curb speculative trading.

Furthermore, Dr. Farid highlighted the impact of digitization and technological transformation as essential development drivers. Adopting comprehensive digital solutions – such as e-KYC and e-account opening – has delivered a significant surge in financial inclusion and engagement with the formal financial system, directly supporting the Egyptian government’s strategy.

Also, he pointed out that these steps have empowered new categories of investors and consumers, specifically youth and entrepreneurs, by granting them easy and secure access to non-banking financial services. This vital access not only significantly strengthens financial inclusion but also bolsters the national economy’s resilience against global challenges.

Dr. Farid further highlighted the success of Egypt’s integrated efforts in fostering the entrepreneurship and startup ecosystem. Through the development of specialized legislation for Venture Capital (VC) and startup financing, Egypt has become the leading country in Africa for attracting VC investments in recent years. This achievement, he clarified, is the result of adopting a clear vision to encourage innovation and implementing a strategy that cultivates a nurturing investment environment, thereby creating new job opportunities and stimulating the digital economy.

FRA Chairman stressed that the upcoming phase will prioritize accelerating technical and institutional cooperation with international partners and global investment institutions. This collaboration is crucial for exchanging expertise and supporting local capacity building in areas like Sustainable Finance and Digital Transformation, alongside developing new mechanisms to facilitate the entry of foreign capital into the Egyptian market.

Dr. Farid affirmed that FRA is re-structuring the relationship between regulation and innovation. The core objective is to combine investor protection with the facilitated entry of new financial products, ensuring the market keeps pace with new financing tools such as Green Finance, Sukuk and Venture Capital.

FRA Chairman added that the Authority is actively working to enhance integration between Egyptian capital markets and their regional and international counterparts. This involves developing a legislative and regulatory environment that is more flexible and attractive while adhering strictly to the highest standards of disclosure and governance. This comprehensive orientation is designed to establish the Egyptian market as a pivotal hub for investment flows – a balanced model defined by efficiency, discipline and transparency.

FRA and EGX Leaders Open Trading Session to Mark World Investor Week 2025 – Thursday 16 October 2025

Mohamed El Sayyad –  FRA Vice Chairman:

• Knowledge and transparency are the foundational pillars for sustainable markets. Effective investor protection must start with education, not punishment.
• The Authority fosters regulated innovation in the financial sector by establishing a clear legislative framework for Financial Technology (FinTech), including Law No. 5 of 2022 and resolutions governing the Robo-Advisor.

Dr. Islam Azzam – EGX Chairman:

• The Stock Exchange’s initiatives are designed to equip the next generation with the financial knowledge and skills essential for building a thriving knowledge economy.

Dr. Mohamed Abd Elaziz – Assistant to FRA Chairman:

• Financial literacy is key to sustainable economic development, as it empowers citizens to make sound, informed decisions that drive financial inclusion.
• Financial literacy is the means by which citizens apply economic policies to their own daily life.

FRA and EGX leaders kicked off World Investor Week 2025 by ringing the bell at the Egyptian Exchange trading session this morning. This high-profile event drew senior officials, including Dr. Eslam Azzam, EGX Chairman and Mr. Mohamed El Sayyad, FRA Vice Chairman. In addition to Dr. Mohamed Abd Elaziz, Assistant to FRA Chairman, Mohamed Sabry, EGX Vice Chairman, Mohamed Ayad , FRA Media Advisor as well as other leaders from the non-banking financial sector and young investors.

World Investor Week is an annual initiative launched by the International Organization of Securities Commissions (IOSCO) since 2017 – where FRA Chairman Dr. Mohamed Farid serves as Vice Chairman – aims to unify global efforts in financial literacy, investor protection and enhancing market integrity and transparency.

This year’s edition is strategically aligned with IOSCO’s roadmap for online investor safety, placing a specific focus on critical themes like Technology and Digital Finance, Artificial Intelligence (AI), prevention of fraud and manipulation, crypto assets and investment fundamentals.

FRA Vice Chairman Mr. Mohamed El Sayyad used the platform of World Investor Week to reaffirm the Authority’s core belief: the growth of financial markets relies fundamentally on trust and knowledge, not just metrics.

 He stressed that trust is cultivated by ensuring investors operate in a regulated and fair environment, while knowledge comes from fully understanding tools, rights and risks. Crucially, he asserted that investor protection begins with education, not punishment, making financial literacy the first line of defense to enhance financial inclusion and empower citizens toward making sound investment decisions.

El Sayyad detailed FRA’s innovative approach to financial awareness and literacy. Key initiatives include the iInvest digital platform – the first comprehensive electronic center for non-banking financial education – which offers interactive programs and training videos. The Authority also launched ‘FRA Podcast – Know to Benefit,’ the region’s first regulatory podcast, designed to simplify concepts like the capital market, insurance and consumer finance for young people. These efforts are complemented by continuous social media campaigns instructing citizens on how to verify licensed entities before investing.

Addressing Digital Transformation and Financial Technology (FinTech), a core theme of World Investor Week, he highlighted FRA’s pioneering role in the region. The Authority established an integrated legislative framework to regulate FinTech, centered on Law No. 5 of 2022 and numerous resolutions, notably those governing the Robo-Advisor (resolutions no. 139, 140, 141, 268 of 2023 and 57 of 2024). He emphasized that these efforts embody FRA’s core vision: innovation does not contradict regulation but supports and enhances it. El Sayyad concluded by stressing that World Investor Week is a call for shared responsibility among all market participants to build sustainable financial awareness foster trust and protect investors.

Dr. Eslam Azzam, EGX Chairman stressed that EGX’s participation underscores its deep commitment to promote financial literacy and investment awareness, particularly among youth, viewing it as the fundamental basis for building a sustainable, knowledge-based economy. To achieve this, Dr. Azzam detailed the EGX’s comprehensive strategy which involves collaborative training and educational programs with the Ministry of Youth and Sports, universities, and the Financial Regulatory Authority (FRA). These efforts have yielded significant results, including training thousands of students across various governorates on the fundamentals of investment and savings. Specific initiatives include the successful “EGX Pavilion in Universities” which has engaged approximately 4,500 students across seven institutions and the “Egyptian Exchange Ambassadors” program, which features 90 qualified young ambassadors trained to disseminate financial literacy in schools and universities.

Dr. Azzam confirmed that EGX has significantly expanded its digital and media activities to boost financial awareness. These efforts include producing over 70 educational videos and podcasts, which generated over 40,000 engagements and reached more than 4.5 million users. Furthermore, EGX participated for the sixth consecutive year in the Cairo International Book Fair where its pavilion engaged over 11,000 visitors and distributed educational booklets like ‘Invest Right’ and ‘Learn Stock Exchange’. He highlighted the success of the interactive Ramadan competition which awarded 12 winners real investment portfolios, underscoring the achievement in promoting a culture of conscious investment among youth.

Dr. Azzam affirmed that all these initiatives are part of a comprehensive strategy to enhance financial inclusion and build a new generation equipped with essential financial skills and knowledge. He stressed the EGX’s ongoing commitment to collaborate with state institutions and private sector to promote a culture of responsible saving and investment.

He concluded by asserting that today’s event symbolizes not just the start of a new trading session, but the launch of a new phase of financial awareness and responsibility. The EGX will continue its collaboration with various partners – including state institutions, private sector and universities – to disseminate a culture of responsible saving and investment, ultimately contributing to the building of a more robust and sustainable economy.

Dr. Mohamed Abdelaziz, Assistant to FRA Chairman, affirmed that Egypt is achieving successive diplomatic, political and economic successes, positioning it as a model for restoring regional and international standing, attracting investments and enhancing stability. He explained that these achievements have translated into increasing confidence from both local and international investors, thereby opening broad horizons for future growth and development.

Dr. Abdelaziz stressed that this heightened investor confidence can only be maintained through spreading financial literacy among citizens and investors, arguing that literacy is the bridge connecting economic policies to practical reality. He defined financial literacy as the core of economic development itself, ensuring that reforms successfully translate growth into tangible development that citizens feel in their daily lives.

He elaborated that promoting financial literacy empowers citizens to understand their rights and responsibilities, enabling them to make sound investment decisions. For investors, literacy is vital for distinguishing real opportunities from deceptive offers and safe investment from uncalculated risk. Dr. Abdelaziz concluded that financial literacy is the foundation for achieving genuine financial inclusion, guaranteeing that all citizens benefit from economic development. He noted that FRA’s efforts – including campaigns, training and cooperation with ministries and universities – are part of an integrated national vision to empower Egyptians to consciously engage with non-banking financial services.

Mohamed Sabry, EGX Vice Chairman emphasized the importance of the event in promoting financial literacy across all societal segments, especially youth. He subsequently announced several key EGX outreach initiatives, including the launch of a professional 50-episode podcast to cover investment topics in a simple, engaging manner and the development of new educational content for pre-university students in collaboration with relevant authorities.

Sabry also highlighted an upcoming promotional event focused on the advantages of listing on the EGX, expecting around 150 leaders from targeted companies and related institutions to participate.

Financial Regulatory Authority (FRA), as the non-banking financial market regulator, affirmed its commitment to continued cooperation with the EGX and all partners. This essential collaboration aims to enhance financial awareness and protect investors, ultimately supporting Egypt’s efforts to build an economy anchored in knowledge, trust and sustainability.

FRA Chairman Reviews Non-Banking Financial Sector Development with Standard Bank Group and Citibank During the World Bank Group-IMF Annual Meetings – Wednesday 15 October 2025

• FRA’s participation underscores its commitment to foster direct dialogue with the global investment community and sharing insights on regulatory and supervisory developments in financial markets.

Dr. Mohamed Farid – FRA Chairman:

• Reforms in the non-banking financial sector (NBFS) are strategically designed to complement macro-economic reforms, maximizing the positive impact of policies on citizens and businesses.
• The NBFS ensures economic reforms directly benefit citizens and companies by rapidly developing markets and diversifying financing tools.
• We are committed to build a disciplined, flexible financial market. This involves comprehensive regulatory and legislative reforms that carefully balance investor protection with economic growth, ensuring the market operates with transparency, efficiency and sustainability.
• Capital market development aims to boost transparency and discipline, encourage citizens to participate in stock investments and directly benefit from economic growth.
• FRA is leveraging FinTech and developing robust electronic infrastructure to lead the digital transformation of the NBFS. This effort is crucial for enhancing financial inclusion and significantly broadening the scope of financial services.

Dr. Mohamed Farid,  FRA Chairman held high-level open dialogues with leading international investors, asset managers and global financing institutions during the World Bank Group-IMF Annual Meetings in Washington.  Hosted by Standard Bank Group and Citibank, the sessions focused on reviewing Egypt’s regulatory and supervisory policy developments, particularly within the context of Egypt’s comprehensive financial, monetary, structural and non-banking financial sector (NBFS) economic reform program.

FRA’s presence at these global gatherings underscores its dedication to build bridges of communication with the global investment community. The Authority actively uses these forums to exchange views on regulatory developments and to showcase the significant progress made in reforming and developing the Egyptian NBFS – a crucial pillar supporting economic growth and financing sustainable development.

During the discussions, Dr. Farid emphasized that FRA’s comprehensive reforms to develop and regulate non-banking financial markets are a direct extension of Egypt’s broader macro-economic reforms. He clarified that the true measure of economic reform success is its capacity to reach companies and individuals through well-regulated financial markets and effective supervision.

This strategic integration between macro-level and sectoral reforms significantly enhances “Transmission Mechanism.” This mechanism ensures that the benefits of macro-economic stability are effectively reflected in improved market performance and in increased financing and investment opportunities for both citizens and businesses.

Dr. Farid further explained that the Authority focused on deepening markets, expanding the base of participants and enhancing efficiency and transparency. This strategic approach is essential for converting overall economic growth into real financing opportunities for companies and encouraging wider societal participation in economic activity. He concluded that the NBFS plays a vital role in effectively mobilizing domestic resources and channeling them towards diverse, productive and sustainable investment projects.

In his address, Dr. Farid reviewed the key structural, legislative and regulatory reforms recently implemented across the insurance, capital market and non-banking finance sectors. These comprehensive changes are designed to create a financial sector that is more efficient, sustainable and resilient against global challenges.

In the insurance sector, FRA is enhancing protection by raising insurance companies’ capitalization, financial solvency and administrative and technical capabilities. This push is underscored by a legislative milestone: the implementation of the Unified Insurance Law No. 155 of 2024. This new law marks a major turning point by unifying the legislative framework, significantly enhancing insurance inclusion and expanding the base of beneficiaries, thereby contributing directly to the financial stability of individuals and institutions.

For Capital Market Development, the Authority has enacted deep institutional reforms focused on boosting discipline, transparency, disclosure, and investor protection. A key goal of these efforts is empowering citizens by actively encouraging their participation in stock market investments, thus directly linking the public to national economic activity, wealth creation and growth. He added that FRA is actively working to launch new financing and investment tools tailored for startups and SMEs. Furthermore, efforts are underway to develop sustainable finance markets and the voluntary carbon market, an initiative that solidifies Egypt’s position as a regional hub for green and sustainable finance.

FRA Chairman emphasized that legislative and regulatory progress is incomplete without a robust commitment to digital transformation and technological innovation. FRA is therefore taking a pivotal role in leading the digital overhaul within the Non-Banking Financial Sector (NBFS) by strategically adopting Financial Technology (FinTech). This is a core strategy to both expand access to financial services and significantly enhance financial inclusion. Driven by its vision for a more efficient and innovative financial sector, the Authority is actively fostering a flexible and advanced regulatory environment. This framework specifically encourages the use of technological solutions across key areas, including micro-finance, financial leasing, mortgage finance and consumer finance. This strategic approach not only allows financial services to reach wider segments of individuals and SMEs but also reduces the cost of financial services, accelerates financing cycle and improves quality of credit decisions. Additionally, FRA is simultaneously focused on developing the digital infrastructure of the markets. This includes launching essential electronic platforms for licensing, supervision and disclosure. Furthermore, the Authority is integrating smart data analytics to significantly boost supervisory efficiency and ensure the highest quality of market information.

FRA is leading integrated efforts to foster the crucial link between FinTech and financial inclusion. This is achieved by establishing a supportive legislative and regulatory system that champions innovation and creates space for startups and digital service providers to develop new products that meet diverse needs. A key initiative is FRA Sandbox which is an experimental platform the Authority launched to evaluate and develop financial innovations under its direct supervision. In this respect, FRA manages to strike a balance between providing robust consumer protection and fostering an environment that actively encourages innovation and new ideas.

The Authority recognizes that technology is a means, not an end. To that effect, FRA is dedicated to raise the digital financial awareness and literacy of consumers and institutions. This approach is designed to deliver real and sustainable financial inclusion, empowering citizens with fair access to finance. Ultimately, this effort makes the Non-Banking Financial Sector (NBFS) more flexible and capable of supporting economic growth and social development, contributing directly to job creation and increased productivity.

Dr. Farid affirmed that the comprehensive regulatory and supervisory reforms led by the Authority are the fundamental pillar for building a disciplined, flexible and fair market that effectively balances investor protection with growth stimulation. He stressed that supervision is not a goal unto itself; rather, it is a vital tool for achieving market stability, ensuring the efficient allocation of resources and stimulating innovation in financial products and services.

He pointed out that FRA is committed to implement the best standards of governance and international practices in supervision and regulation. This commitment is paired with a focused effort to develop the capabilities of technical and professional staff within the Authority and across non-banking financial institutions. Furthermore, FRA is actively working to enhance financial and investment literacy to ensure all participants have a deeper understanding of new tools and markets.

Dr. Faird added that the Authority remains focused on continually developing the regulatory and legislative framework and adopting policies that stimulate financial innovation without compromising institutional discipline. This strategic approach is crucial for boosting the confidence of local and international investors and ensuring that Egyptian financial markets can effectively finance economic development and support the transition toward a more flexible, sustainable and competitive economy.

In conclusion, FRA Chairman affirmed that the development of the non-banking financial sector is a continuous journey and a top priority for FRA. It stands as one of the main engines for achieving comprehensive and sustainable growth in the Egyptian economy.

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FRA in the News

القرية الذكية- 10 نوفمبر 2020 : د. عمران بصفته رئيساً لمجلس إدارة معهد الخدمات المالية يوقع اتفاقاً مع معهد دراسات البورصة IEB الإسباني لمنح درجة الماجستير في الأسواق المالية بحضور السفير الإسباني بالقاهرة ،وسفيرنا في مدريد عبر تقنية الفيديو كونفرس

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FRA Chairman Holds Open Dialogue with JP Morgan, Morgan Stanley and Goldman Sachs Investors in Washington- Friday 17 October 2025

• These discussions extend the ongoing efforts by the Authority and state institutions to highlight Egypt’s economic reforms at the IMF and World Bank meetings.
• Expanding the ownership base must incorporate all types of financial institutions, as public markets significantly enhance governance and overall market discipline.
• Digitizing transactions, implementing e-KYC and enabling e-account opening have had the greatest impact on boosting financial engagement and inclusion rates.
• Egypt’s robust framework for entrepreneurship and startups has proven pioneering, successfully attracting significant investments and establishing it as the leading African destination for Venture Capital (VC).

Dr. Mohamed Farid, FRA Chairman conducted intensive and productive meetings with senior global investors from JP Morgan, Morgan Stanley, and Goldman Sachs in Washington, D.C. Held on the sidelines of the IMF and World Bank meetings, the dialogues underscored FRA’s commitment to deepening engagement with the international investment community. The discussions centered on Egypt’s non-banking financial market reforms, a strategic drive to solidify the country’s position as a leading regional investment hub.

Dr. Farid reviewed FRA’s recent structural development efforts to establish more efficient and globally integrated financial markets. He emphasized that the Authority’s core strategy centers on boosting transparency, governance and institutional participation considered as key to achieve market discipline and sustainability.

Specifically, FRA Chairman argued that expanding the market’s ownership base must incorporate institutional players like pension funds, insurance companies and investment funds. Their inclusion is critical for improving pricing efficiency and ensuring market stability, as they promote long-term investment and curb speculative trading.

Furthermore, Dr. Farid highlighted the impact of digitization and technological transformation as essential development drivers. Adopting comprehensive digital solutions – such as e-KYC and e-account opening – has delivered a significant surge in financial inclusion and engagement with the formal financial system, directly supporting the Egyptian government’s strategy.

Also, he pointed out that these steps have empowered new categories of investors and consumers, specifically youth and entrepreneurs, by granting them easy and secure access to non-banking financial services. This vital access not only significantly strengthens financial inclusion but also bolsters the national economy’s resilience against global challenges.

Dr. Farid further highlighted the success of Egypt’s integrated efforts in fostering the entrepreneurship and startup ecosystem. Through the development of specialized legislation for Venture Capital (VC) and startup financing, Egypt has become the leading country in Africa for attracting VC investments in recent years. This achievement, he clarified, is the result of adopting a clear vision to encourage innovation and implementing a strategy that cultivates a nurturing investment environment, thereby creating new job opportunities and stimulating the digital economy.

FRA Chairman stressed that the upcoming phase will prioritize accelerating technical and institutional cooperation with international partners and global investment institutions. This collaboration is crucial for exchanging expertise and supporting local capacity building in areas like Sustainable Finance and Digital Transformation, alongside developing new mechanisms to facilitate the entry of foreign capital into the Egyptian market.

Dr. Farid affirmed that FRA is re-structuring the relationship between regulation and innovation. The core objective is to combine investor protection with the facilitated entry of new financial products, ensuring the market keeps pace with new financing tools such as Green Finance, Sukuk and Venture Capital.

FRA Chairman added that the Authority is actively working to enhance integration between Egyptian capital markets and their regional and international counterparts. This involves developing a legislative and regulatory environment that is more flexible and attractive while adhering strictly to the highest standards of disclosure and governance. This comprehensive orientation is designed to establish the Egyptian market as a pivotal hub for investment flows – a balanced model defined by efficiency, discipline and transparency.