Financial Regulatory Authority

Sisi appoints Mohamed Farid as acting Chairman of FRA for a year

Sun, 07 Aug 2022 - 02:31 GMT

According to FRA’s statement, Mohamed Farid Saleh has been appointed as the Chairman of the Egyptian Stock Exchange since August 2017, according to Prime Minister Decision No. 1759/2017.

FRA mulls issuing securitized bonds worth LE 20B

Tue, 02 Aug 2022 - 03:46 GMT

The total amount of securitized bonds, which have been issued since the beginning of 2022 and after the approval of the NUCA's request, will reach LE 30 billion and it will be the biggest issuance of its kind in the Egyptian capital market.

FRA, UN Women Egypt organize series of seminars on “Gender Equality and Enhancing the Work Environment”

Mon, 04 Jul 2022 - 02:21 GMT

Hisham Ramadan urged during his speech the non-banking financial sector to prioritize integrating the Women’s Empowerment Principles (WEPs) into their strategies, and to check the new global trends that highlight the importance of compatibility with sustainability and compliance standards related to Environmental, Social and Governance (ESG) disclosures.

FRA launches 2nd phase of 2022-2026 strategy

Mon, 30 May 2022 - 05:52 GMT

Speaking at a press conference, FRA Chairman Mohamed Farid said the strategy is based on six main axes related to the non-banking financial sector.

FRA refuses to approve fair value report for Dice Readymade Garments Company

Wed, 06 Apr 2022 - 01:37 GMT

The fair value report for the purpose of increasing the capital does not comply with the financial evaluation criteria for facilities.

Egyptian Gazette publishes FRA decision regarding investment of venture capital in start-ups

Wed, 06 Apr 2022 - 01:18 GMT

The first article of the decision, which was published in the Egyptian Gazette in its issue No. 81 of 2022, on Wednesday, stipulates that a new article No. 9 shall be added to the rules and procedures for dealing on securities not listed in the Egyptian Stock Exchange.

FRA approves prospectus for offering of Macro Group Pharmaceuticals

Mon, 24 Jan 2022 - 03:30 GMT

On January 12, the EGX’s Securities Listing Committee agreed to list the shares of Macro Group for Pharmaceuticals (Macro Capital) on the main market.

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.

FRA criminalizes publishing recommendations regarding listed shares on social media

Sun, 05 Dec 2021 - 05:24 GMT

The legislative proposal comes with the aim of deterring people who issue and publish misleading recommendations and advice to manipulate small investors.

FRA issues rules governing SPACs in Egypt

Sun, 21 Nov 2021 - 05:50 GMT

The two decisions include an amendment to the rules for listing and delisting securities on the Egyptian Stock Exchange after the approval of the authority’s board of directors at its meeting, and its briefing on the best international practices for this type of company and its study in the United States of America, Britain, Singapore, Sweden, and Malaysia and Hong Kong.

Egypt's FRA reduces fees for trading operations in EGX by 20%

Wed, 17 Nov 2021 - 02:10 GMT

The current payable fee on trading operations is 10 percent.

FRA: Egyptian expat insurance program effective as of January 2022

Sun, 10 Oct 2021 - 04:16 GMT

The program provides insurance against accidents that might involve Egyptians working abroad, said acting chairman of the FRA Mohamed Omran during a conference on expat remittances that kicked off here earlier Sunday.

Egypt's FRA sets controls for deposit, registration of gov't securities

Mon, 04 Oct 2021 - 01:00 GMT

The new controls will allow natural or legal persons to invest in government securities and financial instruments through the depository and settlement members of the newly created company, according to a statement from the Financial Supervisory Authority Monday.

FRA approves “ABC” offer to buy “Bloom Egypt” by LE 6.7B

Sun, 18 Jul 2021 - 04:20 GMT

The amount offered by ABC for the acquisition is estimated at LE 6.7 billion ($427 million).

FRA approves establishing first direct investment company in Egyptian market

Wed, 09 Jun 2021 - 05:05 GMT

A well-placed source at FRA said the approval came in line with the capital market law no 95 of 1992 and its executive statute.

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.

Egypt's FRA founds regional center for sustainable finance

Mon, 15 Mar 2021 - 02:51 GMT

Omran clarified that the new center will focus on strengthening the Egyptian economy’s existence on the global green economy map as the Middle East and Africa (MEA) region’s first sustainable finance center.

FRA allows factoring companies to finance purchase of securities on margin

Tue, 02 Mar 2021 - 03:59 GMT

Omran clarified that this will take place by allowing factoring companies to provide the service of deduction of the future financial rights of stock brokerage companies arising from engaging in the activity of buying securities on margin.