الهيئة العامة للرقابة المالية

Dr. Islam Azzam, FRA Chairman:

• Executing grievance decisions and disbursing dues reflects FRA’s commitment to justice and transparency in the capital market.
• FRA monitors legal decision enforcement to boost investor confidence.

Financial Regulatory Authority (FRA), chaired by Dr. Islam Azzam, has initiated payout disbursements to investors affected by trading in Ajwa for Food Industries – Egypt stock between October 4 and October 25, 2009. The release of funds follows the completion of all required legal and regulatory procedures, highlighting FRA’s ongoing commitment to safeguard investor rights across Egypt’s non-banking financial sector.

A total of 5,719 eligible investors will receive payouts totaling EGP 62,292,683. Disbursements will be processed through Misr for Central Clearing, Depository and Registry (MCDR), accounting for legal inheritance considerations and unified code consolidations, in accordance with the operational rules and procedures to be announced by MCDR.

The Authority urges all eligible investors who purchased the company’s shares during the specified period – or their legal heirs – to contact MCDR or their respective custodians to fulfill the necessary requirements and collect their dues.

Dr. Islam Azzam,  FRA Chairman stated:

“This step reflects FRA’s firm commitment to follow up on the execution of decisions issued by competent authorities and ensure right holders receive their full entitlements under the law. Protecting investor rights and fostering market trust are fundamental pillars of FRA’s strategy to develop and regulate non-banking financial markets.”

He added that FRA continues to fulfill it’s regulatory and oversight mandates to enforce decisions, rectify the impact of past violations in accordance with the law and coordinate with relevant stakeholders to embed principles of justice, transparency and market stability.

The announcement stems from Decisions No. (10) and (12) of 2022 issued by the Second Grievance Committee on September 11, 2022. The rulings affirmed the continuation of enforcement obligations under FRA resolution No. (491) of 2011 via a cash settlement mechanism designed for affected investors, as concluded by the committee formed under FRA Chairman Decision No. (1520) of 2021.

FRA confirmed that disbursement procedures are fully ready for execution following the successful deposit and clearance of the full settlement amount into the designated account at MCDR.

Financial Regulatory Authority reaffirms its dedication to exercise its regulatory powers, enforce legal decisions, and uphold investor protection to enhance efficiency, fairness, and trust across Egypt’s non-banking financial ecosystem.