Prime Minister Appoints Three Assistants to FRA Chairman – Wednesday  31 December 2026

Prime Minister Dr. Mostafa Madbouly has issued a decree appointing three assistants to Chairman of the Financial Regulatory Authority (FRA). The Assistants are Mr. Mahmoud Gebril, Mr. Walid Anwar, and Counselor Ahmed Mohamed Taher Sheta.

In August 2025, His Excellency President Abdel Fattah El-Sisi issued Presidential Decree No. 421 of 2025, appointing Dr. Mohamed Farid Saleh as FRA Chairman for a one-year term with the rank of Minister. This appointment marks his fourth consecutive term.

Mr. Mahmoud Gebril has held several leadership roles within FRA, including Director General of Consumer Protection, Deputy Head of the Central Department of Corporate Finance, and Deputy Assistant to FRA Chairman, prior to his recent promotion to Assistant Chairman.

Mr. Gebril holds a Bachelor of Commerce in Accounting and a Postgraduate Diploma in Capital Market Analysis from Cairo University. His international academic portfolio includes a Diploma in Islamic Finance Fundamentals from the International Institute of Finance in London, as well as a Certification in Fintech and Regulatory Innovation from the University of Cambridge’s Judge Business School.

His professional journey began in securities brokerage, followed by banking at Misr Iran Development Bank (MIDB). He later served as Executive Director of Al Ahli Fund Management, MD and CEO of Amwal Investments, and MD for Product Development at Beltone Holding.

On the other hand, Assistant Chairman Mr. Walid Anwar brings extensive expertise in the Non-Banking Financial Sector (NBFS), spanning consumer finance, leasing, factoring, mortgage finance and SME/microfinance.

He leads the oversight of the non-banking financial sector in Egypt, ensuring companies comply with regulations to maintain financial stability and safeguard customer rights.

Mr. Anwar holds MBAs from both Cardiff University (UK) and the Arab Academy for Science and Technology (2022), alongside a Bachelor of Laws (LL.B.) earned in 1996. He also holds specialized professional certifications in credit and finance, corporate valuation, and accounting from the Egyptian Banking Institute (EBI), as well as certifications in crisis management, Anti-Money laundering and combating the financing of terrorism (AML/CFT).

Counselor Ahmed Sheta possesses over 15 years of legal expertise, primarily within the economic sector. He began his career as a Teaching Assistant at the Faculty of Law (Department of Economics and Public Finance) and served for nearly seven years on the Technical Secretariat of the Ministerial Committee for Investment Dispute Resolution. Additionally, he has held various judicial positions within the State Council, serving across the Fatwa, Judicial, and Technical Office departments.

Counselor Ahmed Sheta holds several academic qualifications, including a Master’s degree (LL.M.) in Public Law, a Postgraduate Diploma in Economics and Public Finance, and a Postgraduate Diploma in Public Law, complemented by various specialized training programs.

Tags: , Last modified: January 6, 2026
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