الهيئة العامة للرقابة المالية

Dr. Mohamed Farid:

• Implementing awareness campaigns for youth is vital, particularly when structured and organized by official authorities.
• Providing a stock market trading simulation for school students will positively impact their understanding of capital market mechanisms and foster an investment culture.

Financial Regulatory Authority (FRA) and Ministry of Education and Technical Education signed a joint cooperation protocol today. The agreement aims to empower school students, aged 15 and older, to engage with non-banking financial activities through secure and regulated channels. This initiative supports financial inclusion and fosters a culture of saving, investment, and entrepreneurship from an early educational stage.

Dr. Mohammed Farid, FRA Chairman and Mr. Mohamed Abdel Latif, Minister of Education and Technical Education signed the protocol. This qualitative step reflects Egypt’s commitment to build a financially literate generation capable of integrating into the digital economy. Through this institutional partnership, Ministry of Education and FRA seek to unify efforts to equip youth with the technical and financial skills necessary for effective participation in the formal economy.

This protocol builds upon FRA’s recent regulatory amendments, which permit youth aged 15 and older to trade in securities listed on the Egyptian Exchange (EGX). This move encourages younger demographics to invest through secure financial channels, aligned with the State’s strategic direction to integrate pre-university students into the formal economy. It further promotes a transition toward a knowledge-based digital economy, underpinned by a legislative and regulatory umbrella that ensures investor protection, transparency, and financial stability.

Dr. Mohammed Farid, FRA Chairman emphasized his commitment to collaborate with all government entities, led by the Ministry of Education. He highlighted the importance of instilling financial and economic awareness in students from an early age. He noted that the partnership aims to introduce students to capital markets and trading through diverse mechanisms, including simulation programs and direct engagement, alongside specialized training sessions.

Dr. Farid further elaborated on the necessity of implementing structured, official awareness campaigns for youth. He underscored the positive impact of providing a dedicated EGX trading simulation for school students, offering them a safe, practical experience to understand capital market mechanisms and enhance their investment culture.

Mr. Mohamed Abdel Latif, Minister of Education and Technical Education, affirmed that the protocol solidifies financial awareness among students from a young age. He stressed the need for national institutions to unite in building a conscious generation capable of contributing to a digital economy driven by knowledge and innovation.

The cooperation aims to provide students with tangible opportunities to acquire practical money management and project financing skills. Beyond raising financial literacy, the program seeks to protect students from illicit financial practices through specialized training and awareness programs within schools. These initiatives will educate students on fraud mechanisms and secure methods for using financial services, emphasizing the exclusive use of authorized official channels.

The signing ceremony was held in the presence of Dr. Ahmed Daher, Deputy Minister of Education. Financial Regulatory Authority (FRA) was represented by a high-level delegation, including Counselor Ahmed Sheta, Assistant to Chairman, and Major General Erfan Abdel Raouf, Head of Administrative Affairs Central Department. Also in attendance were Ms. Dina Kamal, Financial Literacy Strategies & Policies Expert; Ms. Doaa Belal, General Manager of Financial Literacy Strategies & Policies; Mr. Mohamed Kamel, General Manager of Media and Protocol; and Mr. Farouk Al-Helbawi, Communication Officer – FRA Media Center.