FRA okays issuance of Egypt’s first future flow securitisation

Sun, 06 Nov 2022 - 07:34 GMT

Issued by the Financial Group for Securitization, the program's first issue stood at LE 800 million, according to a bourse statement on Sunday.

Egypt's FRA approves establishment of fund to invest in Egyptian stocks .

Tue, 20 Sep 2022 - 05:43 GMT

It is an open investment fund, the documents of which are offered through public subscription, according to the announced data.

Egypt's FRA approves new amendments to facilitate procedures for listing companies on EGX

Tue, 13 Sep 2022 - 01:40 GMT

The amendments included the possibility of temporarily listing the shares of Egyptian and foreign companies on the stock exchange’s lists before registering with the authority, instead of prior registration.

FRA issues 1st license to practice microfinance activity according to Islamic financing formulas

Tue, 30 Aug 2022 - 04:42 GMT

The issuance of the new license adds a new dimension to the existing financing mechanisms in the local market in terms of his creation of the “Wakala Investment” formula.

Egypt approves restructuring FRA's Board of Directors for a period of 4 years

Thu, 25 Aug 2022 - 01:40 GMT

The decision stipulated the formation of the authority’s board of directors, which includes Islam Abdel Azim Azzam, as Vice Chairman of the Board of Directors, and Ahmed Abdel Rahman Al Sheikh, as Vice Chairman of the Board of Directors.

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.

GIZ, FRA cooperate to support growth of SMEs in Egypt

Tue, 24 May 2022 - 02:15 GMT

The GIZ stated, in a press statement, Monday, that it is implementing, in cooperation with the financial supervision, a strategy to improve banking supervision and regulation, in addition to financial stability and comprehensiveness.

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.

Egypt's FRA 1st regulatory body to sign UN Declaration of Principles for Women Empowerment

Sun, 03 Apr 2022 - 12:32 GMT

This declaration was launched by the United Nations in cooperation with the United Nations Global Compact to emphasize support for achieving gender equality and empowering women in the workplace.

FRA, AmCham discuss luring investments to non-banking financial sector

Sun, 06 Feb 2022 - 02:13 GMT

Omran briefed the AmCham delegation on the measures taken by the FRA to attract foreign investments to this sector, citing a recent initiative launched last November to establish a financing mechanism for start-ups, innovations and digital technologies.

FRA opens door to establishing national credit rating companies

Wed, 02 Feb 2022 - 03:06 GMT

Chairman of the FRA, Mohamed Omran, said that the amendment was issued to stimulate the presence of national credit rating companies in the non-banking financial sector and increase their numbers, which contributes to strengthening the sector's capabilities and creating a competitive environment within the national economy.

FRA supports Decent life, Capable Through Difference initiatives with LE500M

Sun, 30 Jan 2022 - 12:35 GMT

This value will be provided to the “Hayah Karima” initiatives to improve the standard of living and the quality of life for the most needy groups in rural communities at the level of the Republic and to raise the level of daily services provided to citizens, and the “Capable Through Difference” initiative to support and encourage people of determination and people with special abilities.

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.

Offering food company on EGX during 1st half of 2022: Omran

Tue, 18 Jan 2022 - 11:15 GMT

Omran said in a press statement on the sidelines of the annual conference for the FRA, Monday, that the company is medium-sized.

Value of securities issuances in Egypt hit LE 280.3B during 2021

Mon, 17 Jan 2022 - 10:22 GMT

2021 witnessed the first issuance of green bonds in the capital market in Egypt by a company with a value of $100 million (equivalent to LE 1.6 billion), in cooperation with the International Finance Corporation to support the transformation of the Egyptian economy into a green economy.

New insurance law to be issued at beginning of 2nd half of 2022

Mon, 27 Dec 2021 - 03:04 GMT

Omran said that the new insurance law is in its final consultations in preparation for its issuance.