Mohamed Omran

Egypt begins implementing 1st insurance policy for Egyptians expat. in early 2022

Mon, 27 Dec 2021 - 12:24 GMT

Omran clarified that there are consultations that the insurance policy for Egyptians working abroad will become compulsory in the new law.

Egypt’s FRA Chairman elected as committee head at IOSCO

Mon, 24 May 2021 - 11:38 GMT

By assuming this new position, Egypt becomes Vice Chairman of the IOSCO for the first time in the history of the Egyptian capital market since its inception, which is more than 130 years old, according to a statement issued, Monday.

FRA publishes decision to amend Articles of Association of Investor Protection Fund

Tue, 13 Apr 2021 - 02:52 GMT

It amends the articles of association of the Investor Protection Fund from Non-Commercial Risks to expand the insurance umbrella covered by the Fund to include the risks resulting from the activities of companies whose papers are registered or financial instruments in the Egyptian Stock Exchange.

Egypt's FRA allows investment fund companies to finance purchases of securities on margin

Sun, 04 Apr 2021 - 01:18 GMT

This is aimed at maximizing the efficiency of the capital market and achieving transparency in the mechanisms of dealing with activities specialized in securities, following the approval of the Authority’s Board of Directors in its remote meeting.

FRA sets maximum limit for young people under 21 years old to trade on EGX

Mon, 22 Feb 2021 - 03:43 GMT

Omran stated that the decision includes that direct trading on the stock exchange be limited to buying and selling without allowing the use of margin buying mechanisms or borrowing securities for the purpose of selling, according to a statement issued, Sunday.

Egypt aims to achieve comprehensive digital transformation of all non-banking financial activities: FRA

Tue, 19 Jan 2021 - 02:07 GMT

These activities include money market activities, the stock exchange, real estate finance, micro, medium and micro finance, consumer finance, insurance and financial leasing and factoring, Omran clarified.

FRA: Funds set for micro-sized projects amount to LE 18.7B by end of 2020

Tue, 19 Jan 2021 - 01:44 GMT

Some 3.1 million persons have benefited from the funds, said FRA chairman Mohamed Omran in a press conference Tuesday.

Financial leasing contracts hike 19.7% during 2020

Tue, 19 Jan 2021 - 01:34 GMT

The contracts recorded LE 58.6 billion during 2020, compared to LE 55.9 billion during 2019, marking an increase of 4.8 percent.

Size of financing portfolio granted to micro-projects record LE18.2B by end of November

Sun, 03 Jan 2021 - 01:24 GMT

The indicator of the cumulative development of the volume of total transactions (disbursement and payment of financing) through non-cash payment methods from the beginning of the application in December 2018 until the end of September 2020 reached a total value of LE 2.5 billion.

Securitization bond issuance in Egypt to hit LE25B in 2020

Sun, 13 Dec 2020 - 03:33 GMT

CAIRO – 13 December 2020: Volume of securitization bond issuance in Egypt amounted to about LE 15.7 billion by the end of November 2020, according to Head of the Egyptian Financial Supervision Authority Mohamed Omran.

Egypt studies structure of Futures Exchange, Settlement companies

Tue, 25 Aug 2020 - 02:24 GMT

The working group includes representatives from each of the Central Bank, the Egyptian Stock Exchange, the Egypt Central Clearing, Depository and Registry Company, the Federation of Egyptian Banks, the Egyptian Insurance Union, a representative of investment banks and the European Bank for Reconstruction and Development (EBRD).

FRA chairman says nano finance encourages new economic activities

Sun, 28 Jun 2020 - 04:18 GMT

Nano finance is thus one way of supporting certain segments of society, such as women and youth, to become a productive social power, Omran said in a statement Sunday.

FRA: Stock trading to be done via e-mail, SMS to curb coronavirus spread

Wed, 18 Mar 2020 - 02:14 GMT

Omran said that this precautionary measure is taken in line with the state measures to curb the spread of coronavirus.

FRA offers online non-banking services on back on coronavirus scare

Sun, 15 Mar 2020 - 11:35 GMT

Those who have complaints can send them to the authority via email "", he said.

FRA: Egyptian economy reaping fruits of reforms despite regional, int'l challenges

Tue, 28 Jan 2020 - 02:23 GMT

Omran said the value of securities issued at primary market stood at over LE 220 billion.

FRA seeks playing bigger role in non-banking financial activities: Omran

Tue, 10 Dec 2019 - 11:44 GMT

He expressed satisfaction over the development in non-banking activities, noting the noticeable rise in the value of issued securities to exceed LE 1 trillion.

Rameda floats 49% of its shares, hopes to raise LE 1.755B

Wed, 27 Nov 2019 - 12:43 GMT

Rameda said that trading will be made in two tranches and will be priced at LE 4.66 per share.

FRA seeks to issue green bonds in 2020

Wed, 20 Nov 2019 - 03:44 GMT

Omran added that the authority offers a 50-percent discount on examining and studying green bond issuance to encourage organizations and investors to invest in it.

Egypt studies issuing Sukuk during Q1 of 2020: Omran

Wed, 20 Nov 2019 - 03:33 GMT

Omran clarified during a conference to announce the issuance of the first short-term securitization for payment of Premium Card that the biggest challenge is offering green bonds.

FRA approves short-term securitization bond program worth LE 2 billion

Wed, 20 Nov 2019 - 03:29 GMT

Omran added Wednesday that, as a part of this program, FRA agreed to issue two short-term securitization bonds for Premium International for credit services.