FRA approves new rules for Egypt’s settlement guarantee fund
Egypt’s Financial Regulatory Authority (FRA) has approved executive rules and procedures governing the operation of the Settlement Guarantee Fund, aiming to align with global best practices and bolster capital market financial stability. The rules and procedures were issued by the
CI Capital, Compass launch EGP 3bn C3 Fund to invest in EGX-listed equities
CI Capital Holding and Compass Capital for Financial Investments announced on Monday the launch of Egypt’s first onshore private equity fund, C3 Capital Fund 1, with a target size of EGP 3bn at final close. The fund is dedicated to
Reefy Microfinance pumps EGP 4bn into Egypt’s economy in 2024
Reefy Microfinance Enterprise Services has injected EGP 4bn in financing during 2024, pushing the company’s total funding since its establishment in 2007 beyond EGP 20bn. Notably, the past year alone accounted for 20% of the total financing provided throughout the
EGP 911.5bn in total financing provided by FRA-regulated entities in 2024: Chairperson
Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), unveiled key performance indicators for the non-banking financial sector, reporting that total financing granted by FRA-regulated entities reached approximately EGP 911.5bn in 2024. This marks a 2% increase from EGP 893.5bn
FRA explores AI integration in insurance, investment funds: Farid
Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), has announced that a study is underway to facilitate the use of artificial intelligence (AI) algorithms in insurance and investment fund activities. These technologies will enable more efficient comparisons between investment
FRA introduces new regulations for non-banking financial institutions under its supervision
The Board of Directors of the Financial Regulatory Authority (FRA), headed by Mohamed Farid, has issued new regulations aimed at regulating the operations of non-banking financial institutions under its supervision. One of the key decisions is Decision No. 256 of
FRA forms advisory group to support oversight committee on carbon emission reduction
The Financial Regulatory Authority (FRA) has announced the formation of an advisory group to assist the Oversight and Supervision Committee for Carbon Emission Reduction Units. The group will provide expert technical advice on key areas related to the committee’s responsibilities,
FRA introduces new rules for securities not listed on EGX
The Board of Directors of the Financial Regulatory Authority (FRA), led by Mohamed Farid, has issued Decision No. 303 of 2024, amending the rules for handling securities not listed on the Egyptian Exchange (EGX). This decision updates the FRA’s previous
Legislative, regulatory overhaul to enhance insurance’s role in Egypt’s economy: FRA chief
Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), engaged in a broad and insightful conversation with the Insurance Committee of the American Chamber of Commerce, discussing the FRA’s strategy and its comprehensive policies designed to elevate the insurance sector’s
Non-banking financing reaches EGP 718bn in 10M 2024
Recent data from the Financial Regulatory Authority (FRA) reveals that non-banking financing activities in Egypt have reached EGP 718bn in the first 10 months of 2024. This figure encompasses financing provided through entities under FRA supervision, including capital market activities