الهيئة العامة للرقابة المالية

Dr. Mohamed Farid – FRA Chairman:

• The Authority’s journey is ongoing, aimed at strengthening the sector’s role in supporting the national economy. Our progress is fueled by hard work and diligence.
• With sincere intentions, integrity and efficiency as our foundation, we will achieve our aspirations and raise Egypt’s name high.
• Deepest gratitude goes to FRA’s leaders and staff. Their tireless efforts and support have been crucial in enhancing the efficiency and competitiveness of our markets and professionals.
• We are moving forward with our development plans, focusing on technology, sustainability and new products to enhance the non-banking financial markets’ ability to attract investments.
• To empower the private sector, we are continuously developing the digital and legislative infrastructure to align with global standards and practices.
• Enhancing the positive impact of our decisions on people, society and the economy is a core challenge and a fundamental part of our mission.

Dr. Mohamed Farid , FRA Chairman was welcomed today by the Authority’s leaders and staff, who gathered to congratulate him on his renewed appointment. The meeting followed Presidential Decree No. 421 of 2025 which extended his term for one year with the rank of a minister, effective August 7, 2025, marking the start of his fourth term.

During his address, Dr. Farid expressed his sincere gratitude to FRA’s leaders and staff for their hard work and dedication, describing them as the “cornerstone” of the sector’s progress. He highlighted how their collective efforts have enabled FRA to achieve key objectives, particularly in enhancing the non-banking financial sector to support the national economy. He specifically noted significant achievements in digital transformation which has benefited markets and attracted foreign investments, as well as efforts to activate the Voluntary Carbon Market and promote sustainability.

Dr. Mohamed Farid reaffirmed the Authority’s commitment to its mission following his reappointment. He stated that FRA’s journey to strengthen the financial sector’s role in the national economy is “fueled by hard work and dedication,” and emphasized that “sincere intentions, integrity and efficiency” are the core principles for achieving goals and elevating Egypt’s stature.

Dr. Farid stressed that development process is ongoing to ensure Egypt’s financial markets align with global best practices. This continuous effort, he noted, will enhance market efficiency and transparency, boosting their capacity to attract investments and support the national economy.

Renewing his commitment to reform, Dr. Farid declared, “We will work together with a team spirit to strengthen the role of non-banking financial services in supporting the national economy and achieving stability and growth for this vital sector.” He clarified that FRA’s mission extends beyond simply issuing regulations; it is a fundamental challenge to actively enhance the developmental and societal impact of its policies on people, society and the economy. “This is the biggest challenge that demands our hard work and dedication and we are fully prepared to meet it,” he added.

He concluded his speech by calling on all staff to continue their diligent work as a unified team, asserting that a shared vision and collective effort are essential for achieving FRA’s objectives and serving the best interests of Egypt.