الهيئة العامة للرقابة المالية

FRA Chairman Rings the Bell at EGX in Celebration of International Women’s Day –  Thursday 9 April 2026

Dr. Islam Azzam, FRA Chairman:

• FRA-led empowerment policies and training have successfully increased female board representation across the sector.
• The Authority’s goal is to cultivate a supportive environment that empowers women to lead and excel across the Non-Banking Financial Sector.

Dr. Islam Azzam, FRA Chairman delivered the opening keynote at the Egyptian Exchange (EGX) “Ring the Bell for Gender Equality” ceremony. This landmark event, held at the historic EGX headquarters, convened high-level leaders from the FRA and EGX alongside prominent representatives from global institutions.

Dr. Azzam underscored women’s empowerment as a fundamental pillar of sustainable development and a strategic imperative for driving inclusive growth and social stability amidst rapid economic shifts.

FRA Chairman noted that this celebration reflects the State’s profound appreciation for women as indispensable partners in the national development agenda. He highlighted that the progress achieved in recent years establishes a robust foundation for optimizing the potential of female talent, particularly within the Non-Banking Financial Sector (NBFS), which continues to see a significant uptick in female participation across all organizational tiers.

FRA Chairman explained that the Authority has adopted an integrated vision that redefines empowerment beyond mere opportunity. This vision focuses on cultivating a high-performance ecosystem that enables women to scale their capabilities and assume pivotal decision-making roles, while systematically removing institutional barriers that may impede their professional pathways.

Additionally, Dr. Azzam stated that FRA is dedicated to align its operations with global ESG standards and the UN SDGs through strategic international cooperation. He pointed to a transformative suite of regulations that has institutionalized gender diversity across NBFS boards—mandating at least two women or 25% representation. These mandates strengthen sectoral governance by strictly prohibiting gender-based discrimination while providing incentives for firms that lead in diversity and inclusion.

The Authority prioritizes institutional capacity building through specialized leadership programs. A flagship initiative is the “Certified Board Member” program, launched by the Egyptian Institute of Directors (EIoD) in collaboration with the International Finance Corporation (IFC). Furthermore, “Tamkeen” digital platform was developed as a strategic tool to bridge the gap between highly qualified female professionals and board-level vacancies.

In parallel, ‘Women on Boards’ initiative was executed through a strategic synergy between the Regional Center for Sustainable Finance (RCSF) and the Fulbright Program. This collaboration delivered a series of high-impact, interactive workshops and executive forums aimed at cultivating the leadership readiness and professional stature of female executives, effectively optimizing the executive resource pool for pivotal decision-making.

He noted that these efforts have led to tangible progress, with female board representation rising significantly in recent years. This reflects the effectiveness of FRA’s current policies and confirms that the Authority is on the right track toward genuine and sustainable empowerment.

Dr. Azzam emphasized FRA’s ongoing support for women’s empowerment in the non-banking financial sector. These initiatives drive financial, investment, and insurance inclusion, fostering a sustainable economy built on equal opportunity.

Concluding his address, Dr. Azzam added that the path forward requires further effort and integration across various sectors, emphasizing that women’s empowerment is not just an institutional obligation, but an investment in a brighter future for all

Six State-owned Companies Temporarily Listed on EGX Under Government IPO Program – Wednesday 8 April 2026

• Hashem El-Sayed, Assistant Prime Minister and Chief Executive Officer of the State-Owned Enterprises Unit: Listing these companies underscores the State’s commitment to the IPO program and broader private sector participation.
• Mohamed Sabry, EGX Vice-Chairman: listing of state-owned companies significantly enriches market diversity and scales up the Exchange’s sectoral depth.

Within the framework of national efforts to bolster the Capital Market and expand the ownership base, the Egyptian Exchange (EGX) celebrated the temporary listing of six state-owned enterprises (SOEs). The ceremony was held in the presence of FRA Chairman Dr. Islam Azzam, and Dr. Hashem El-Sayed, Assistant Prime Minister and CEO of the State-Owned Enterprises Unit. Also in attendance were Mr. Mohamed Al-Sayyad – FRA Vice-Chairman, Mr. Mohamed Sabry – EGX Vice-Chairman, and chairs of the newly listed companies and Capital Market executives.

This listing comes as part of the implementation of the Government IPO Program, which aims to deepen the Capital Market, increase the number of listed companies, and expand private sector participation in economic activity. These efforts contribute to increasing liquidity and trading volumes while enhancing the market’s attractiveness to both local and foreign investors.

Dr. Islam Azzam, FRA Chairman emphasized that listing of these companies represents a qualitative step toward bolstering confidence in the Capital Market and expanding the base of listed companies. This, in turn, supports the growth of market capitalization and enhances market efficiency and depth.

He noted that temporary listing serves as a strategic preparatory phase, allowing companies to prepare for their Initial Public Offerings (IPOs) through voluntary compliance with disclosure and governance rules applicable to listed companies. This contributes to raising transparency levels and fostering investor confidence.

He added that this phase offers several core advantages, most notably:

• Institutional and organizational qualification of companies to align with listing and trading requirements;
• Enabling companies to gain practical experience within the market environment;
• Facilitating the pre-marketing of companies to a broader investor base;
• Streamlining the IPO process by enhancing corporate preparedness and facilitating the underwriting efforts of investment banks.

He further explained that the Authority continues to develop the legislative and regulatory environment supporting listing and IPO processes, while working to simplify procedures and enhance the readiness of companies—particularly state-owned ones—to achieve a balance between protecting investor rights and facilitating access to financing.

For his part, Dr. Hashem El-Sayed, Chief Executive Officer of the State-Owned Enterprises Unit, affirmed that this listing reflect the State’s drive to execute the Government IPO Program while maximizing the efficiency of its assets. This step aims to capture peak economic value and broaden the scope of private sector engagement in the national economy.

He noted that the Unit collaborates with all relevant stakeholders to prime companies for listing and trading, thereby institutionalizing higher levels of governance and transparency to ensure optimized returns for the State.

Mr. Mohamed Sabry, EGX Vice-Chairman further explained that listing of this number of state-owned enterprises represents a qualitative addition to the market, in terms of both sectoral diversification and immense scale of operations. He emphasized the Exchange’s ongoing commitment to develop its infrastructure and trading systems in alignment with global best practices.

Temporary listing serves as a pivotal bridge toward an Initial Public Offering, allowing companies to cultivate a robust disclosure track record, refine operational frameworks, and solidify investor confidence. Such preparation is critical to the efficacy of the offering process and the strategic success of the Government IPO Program.

Financing Granted by FRA-Regulated Entities Reaches EGP 65.6 Billion by the end of January 2026 – Tuesday 7 April 2026

The latest reports issued by the Financial Regulatory Authority (FRA) reveal that the total financing granted by FRA-regulated entities (covering capital markets and non-banking financial activities) amounted to EGP 65.6 billion in January 2026.

The breakdown of this financing is as follows:

• Equity issuances (shares): EGP 17.6 billion.
• Debt securities (issuances other than shares): EGP 0.5 billion.
• Financial leasing contracts: EGP 14.9 billion.
• Financing granted to Micro, Small, and Medium Enterprises (MSMEs): EGP 9.0 billion.
• Consumer finance: EGP 8.5 billion.
• Factoring transactions: EGP 12.2 billion.
• Mortgage finance: EGP 2.9 billion.
• Registrations on movable assets in the Egyptian Collateral Registry (ECR): EGP 4.5 trillion.
• Outstanding financing balances for MSMEs: EGP 97.2 billion.
• Total insurance premiums collected: EGP 10.9 billion.
• Total claims paid by the insurance sector: EGP 3.8 billion.
• Total investments by private insurance funds: EGP 3.3 billion.

The latest reports issued by the Financial Regulatory Authority (FRA) for January 2026 reveal that total insurance premiums reached EGP 10.9 billion. This total is comprised of EGP 7.3 billion in premiums from property and liability insurance, while life insurance and fund formation accounted for EGP 3.6 billion.

By the end of January 2026, the insurance sector settled a total of EGP 3.8 billion in claims. This figure was distributed between the two primary insurance segments, with Life Insurance and Fund Formation claims accounting for EGP 2 billion, while Property and Liability Insurance claims reached EGP 1.8 billion.

It is worth mentioning that:

• Property and Liability Insurance: Refers to insurance coverage for assets against various risks, such as fire or theft, including insurance for homes, vehicles, warehouses, goods, and other physical assets.
• Life Insurance and Fund Formation: Refers to life insurance, death benefits, personal accident insurance, and various other types of individual-based insurance policies.