Financial Regulatory Authority

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.

Microfinance in Egypt exceeds LE19B in 2020

Sun, 28 Feb 2021 - 11:09 GMT

FRA indicated in a report, Saturday, that the number of microfinance beneficiaries reached 3.2 million by the end of 2020, up from 3.1 million during 2019.

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.

PM names new deputy to FRA chief

Thu, 21 Jan 2021 - 03:18 GMT

Azzam has a wide experience in fields of investment and financing.

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.

Egypt launches initiative to contain informal economy using digital payment tools

Sun, 03 Jan 2021 - 11:59 GMT

This initiative comes within the framework of facilitating the compliance of microenterprise finance agencies and their project owners to comply with the requirements of Law No. (18) of 2019 regulating the "use of cashless payment methods."

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 agrees to add new products to consumer financing system

Tue, 07 Jul 2020 - 10:18 GMT

This should make life easier for consumers who want to secure their needs of the new products, said FRA chairman Mohamed Omran in a statement Tuesday.

FRA targets revenues of LE 400M in 2020/21

Wed, 17 Jun 2020 - 04:39 GMT

FRA included the amounts invested in treasury bills and government bonds within its budget under the income item, which resulted in the volume of its budget for the fiscal year 2021/2020 to reach a total amount of LE 1.054 billion.

FRA reduces services charges on trading operations

Sun, 10 May 2020 - 01:30 GMT

Chairman of the authority Mohamed Omran said services charges on trading in listed bonds will be reduced to be 5 per 100,000 with a maximum limit of 250 pounds.

EFG Hermes issues LE 2B- bonds for Talaat Mostafa’s subsidiary

Wed, 08 Apr 2020 - 04:19 GMT

The issuance is made through a deal of Ijara Sukuk that is compatible with the provisions of Islamic Sharia; it is a negotiable and expedited payment and is not transferable into shares with a maturity of 5 years.

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 takes measures to confront coronavirus

Mon, 16 Mar 2020 - 11:05 GMT

The FRA chairman asked listed companies on the Egyptian Exchange and companies operating in the non-banking financial activities to adhere to the remote voting of shareholders.

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 calls on companies to adhere to Egypt's anti-Coronavirus measures

Sat, 14 Mar 2020 - 02:38 GMT

Chairman of FRA Mohamed Omran asked listed companies on the Egyptian Exchange and companies operating in the field of non-banking financial activities, to adhere to preparing a system for remote voting by shareholders.

FRA approves LE 2B short-term bond issuance

Tue, 17 Dec 2019 - 06:10 GMT

This comes as the first application of Resolution No. 172 for 2018 which put a regulatory framework for the rules for issuance of short-term debt instruments.

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.

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