Press Releases
FRA Approves Two New Real Estate Funds and Corporate Formation Firms – Thursday 27 November 2025
- The approvals were issued to Imtilak Real Estate and Fawry Holding.
FRA Committee for Establishing and Licensing Companies has formally approved the establishment of two new entities. These companies are licensed to operate in Real Estate Funds and participate in the formation of companies that issue securities or in the increase of their capital.
The approvals were granted to Imtilak Fund for Real Estate Projects. This company’s core operational purpose is to engage in Real Estate Investment Fund activity. In addition to Fawry Holding for Financial Investments. This company’s mandate is to participate in the formation of companies that issue securities or in the increase of their capital.
As the designated body under FRA Chairman’s decree No. 3060 of 2023, this Committee is responsible for a broad mandate that extends beyond initial licensing. Its powers encompass approving the establishment and licensing of new non-bank financial companies, along with sanctioning requests for additional activities and mechanisms for existing firms.
The Committee also approves amendments to articles of association (both preliminary and final), and ratifies incentive and reward schemes. Furthermore, it provides opinions on suspending General Assembly resolutions for securities and consumer finance companies.
Additionally, the Committee approves the opening, relocation and closure of branches and processes requests for liquidation, temporary or voluntary suspension of activities. Finally, the Committee is responsible for the registration, renewal and delisting of founding agents for non-bank financial companies.
Total Financing from FRA-Supervised Entities Reached EGP 954.2 Billion for First Nine Months of 2025 – Wednesday 26 November 2025
FRA’s reports revealed that total funding allocated through capital market and non-bank financial activities reached EGP 954.2 billion during the period from January to September 2025, as follows:
- EGP 497.5 billion Stock Issuances
- EGP 70.3 billion other issuances
- EGP 122.2 billion Financial leasing contracts
- EGP 76.9 billion funding provided for MSMEs
- EGP 66 billion consumer finance
- EGP 91.9 billion factoring activity
- EGP 29.4 billion real estate finance
EGP 3.9 trillion is the value of movable assets registered at Egyptian Collaterals Registry by the end of September 2025.
MSME finance balances reached EGP 92 billion
Insurance premiums had amassed a total of EGP 87.5 billion by the end of September 2025.
Compensations paid by the insurance sector reached EGP 46.8 billion during the same period.
Private insurance funds’ Investments reached EGP 22.9 billion by the end of September 2025.
The latest reports issued by the Financial Regulatory Authority during the period from January to September 2025 regarding the insurance sector showed that the total value of insurance premiums amounted to EGP 87.5 billion.
Property and liability insurance premiums amounted to EGP 49.1 billion and premiums of life insurance amounted to EGP 38.4 billion by the end of September 2025.
Moreover, compensations value reached EGP 46.8 billion, distributed as follows: compensations of property insurance amounted to 22.4 billion and compensations of life insurance reached EGP 24.4 billion.
It is worth mentioning that :
Property and liability insurance safeguards physical belongings, like houses, cars, businesses, and other valuables, from damage or loss caused by events like fire, theft or natural disasters.
• Personal insurance and wealth formation encompass various types of insurance, including life insurance, death insurance, accident insurance and other forms of coverage
FRA Chairman Honors Working Group for Developing Egyptian Auditing Standards – Tuesday 25 November 2025
- The working team’s efforts culminated in the first update of the Egyptian Auditing Standards in 17 years.
Dr. Mohamed Farid – FRA Chairman:
- The standards were developed through integrated collective work, bringing together specialists and experts driven by a high sense of national responsibility.
- The Authority always relies on distinguished national competencies to achieve the desired development in various fields of financial supervision.
Dr. Mohamed Farid, FRA Chairman honored the working group responsible for developing the Egyptian Auditing Standards. This took place during the “Y-CHAMPIONS” awards ceremony for non-banking financial literacy and anti-fraud efforts, held at FRA’s headquarters in Smart Village, which also celebrated certified financial trainers In Youth Clubs and Youth Development Centers. Dr. Farid extended special thanks and high appreciation to Mr. Mohamed Yehia, Advisor to FRA Chairman for Financial Reporting Quality and Auditing Standards, for leading the Authority’s team that undertook the critical task of studying and preparing the updated version of the standards.
The issuance of the updated Egyptian Auditing Standards approved by Prime Minister Dr. Mostafa Madbouly’s Decree No. 3725 of 2025, marks the first update in 17 years. The new standards are designed to align with the fundamental changes introduced in international auditing and financial examination guidelines. This update aims to close the professional and regulatory gap between the previous Egyptian standards and their international counterparts. Furthermore, the revised standards will significantly enhance the transparency and reliability of financial statements issued by Egyptian companies, thereby supporting the national economy’s increasing integration with global markets and the growth of cross-border financial and investment activities.
Dr. Farid expressed his profound appreciation and gratitude to the Auditing Standards development-working group. He affirmed that their extensive efforts represent an exemplary model of institutional work, grounded in knowledge, discipline and precision. He further explained that the team’s professional and academic contributions in updating and developing the standards are a pivotal step that will bolster the quality of auditing and oversight, support the credibility of financial reports in the Egyptian market, and ultimately positively impact investor protection and the stability of non-banking financial activities.
Dr. Farid affirmed that the process of developing the Auditing Standards was the result of integrated collective work, bringing together specialists and experts with a high spirit of national responsibility. He commended their professionalism and commitment to align the Egyptian standards with international best practices while carefully considering the specifics of the local economic environment. He stressed that this achievement will remain a landmark in the development of Egypt’s regulatory and accounting infrastructure, valuing every effort that contributed to its drafting, review or support.
Dr. Farid stated that the Authority believes in the pivotal role of Auditing Standards in boosting confidence in corporate financial data. This is achieved by ensuring adherence to the highest degrees of objectivity, independency and accuracy which enables all stakeholders to make decisions based on reliable financial information. He noted that the issuance of the updated standards is a continuation of Egypt and FRA’s efforts to develop the regulatory and professional system, achieving integration between accounting and auditing standards. This consolidation reinforces the foundations of transparency and accountability, enhancing the capacity of both state institutions and the private sector to meet economic challenges and achieve sustainable development.
FRA Chairman concluded his address by expressing pride in the team for their dedication and professionalism, emphasizing that the Authority always relies on distinguished national competencies to achieve desired development across all areas of financial supervision. He extended his greetings and appreciation for their efforts, which contribute to raising the efficiency and quality of the auditing profession and boost investor confidence in the Egyptian market. Finally, he called upon the team to continue working with the same team spirit and determination to achieve further accomplishments in the future.