الهيئة العامة للرقابة المالية

Financial Regulatory Authority (FRA) has issued a resolution granting insurance companies and pools an extension to present their financial statements to General Assemblies.

Resolution No. 38 of 2026, issued by the Board of Directors chaired by Dr. Mohamed Farid on February 2, 2026, sets a final deadline of April 30, 2026, for the presentation of annual financial statements, accompanying disclosures, the auditor’s report, and the Board of Directors’ report.

In accordance with FRA Resolution No. 3 of 2025, insurance companies and pools are required to present their consolidated financial statements within three months of the end of the fiscal year. For insurance and reinsurance companies, the fiscal year commences on January 1 and concludes on December 31 annually.

Insurance companies and pools shall prepare their consolidated financial statements, accompanying disclosures, and the reports of both the auditor and the Board of Directors at least one month prior to the General Assembly meeting. FRA reserves the right to review these statements and notify the company of any observations or required amendments.

This resolution is part of FRA’s proactive approach to provide regulatory flexibility for its regulated entities. It aims to ensure that

financial statements are prepared with the highest levels of accuracy and quality, without compromising transparency requirements or the timely presentation of reports to General Assemblies.

Furthermore, the resolution reflects the Authority’s commitment to balance regulatory discipline with the operational and technical demands of preparing consolidated financial statements. This contributes to enhancing the quality of disclosures and improving the efficiency of financial reporting presented to shareholders.