Mohamed Omran

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 "Complaints@fra.gov.eg", 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.

FRA: Financial leasing contracts valued at LE 48B in June

Tue, 22 Oct 2019 - 05:40 GMT

The volume of real estate financing rose to LE 12 billion in the first six months of this year, compared with LE 10.7 billion in December of 2018.

FRA launches regional plan to encourage green economy

Mon, 14 Oct 2019 - 09:37 GMT

He said the financial centers in Africa have a good opportunity to transfer African countries into global green financial hubs once funds are provided.

Egypt to host meetings of emerging markets, WFE for first time

Sun, 22 Sep 2019 - 11:23 GMT

Omran's remarks were made at the end of International Organization of Securities Commissions (IOSCO) meetings held in Russia's Saint Petersburg city.

FRA chairman welcomes endorsement of new civil action bill

Sun, 25 Aug 2019 - 03:03 GMT

The new law takes into consideration the Egyptian experiment over the past five years as far as funding of micro-sized projects is concerned, Omran said in a statement Sunday.

FRA issues guide on sukuk system

Wed, 31 Jul 2019 - 01:16 GMT

Moody's Investors Service had expected Egypt to become one of the Islamic sukuk issuers during 2019.

Omran: FRA becomes member of FC4S Network

Wed, 12 Jun 2019 - 11:11 GMT

The FC4S Network is the global platform for financial center action on green and sustainable finance.

FRA issues decree to establish repository for mandatory motor insurance

Mon, 25 Feb 2019 - 12:44 GMT

It is an important step that was late for more than 10 years, said Omran in an FRA statement Monday, adding it would help solve problems related to expensive management and forged documents of some insurance companies.

FRA issues regulations, measures for short-term bonds issuance

Mon, 03 Dec 2018 - 01:33 GMT

The board also set the key rules for any company or authority seeking to issue short-term bonds.

Egypt's ACA named most innovative regulator in Africa

Sun, 30 Sep 2018 - 01:52 GMT

The authority's chairman Mohamed Omran welcomed the award granted by Africa Investor.

FSA issues updated rules of Stock Exchange

Wed, 15 Aug 2018 - 04:06 GMT

In a released statement by the Authority, he added that the rules were published on the Authority's website to be available for dealers on the money market.

IPF to reduce by 50% fees paid by investors -- Official

Sun, 05 Aug 2018 - 04:07 GMT

The workshop is meant to also improve transparency and counter-corruption levels, better manage risks, and stabilize the financial system, Omran said.

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