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Mohamed Farid

FRA issues first license for providing Islamic microfinancing to Maksab

The “Egyptian Microfinance Company - Maksab” received the first license, allowing it to engage in microfinance activity based on the application of the “Wakala Investment” formula for its various financing products

New EGX head and vice chair meet FRA head on cooperation to boost EGX performance

El-Dokany, who was appointed late last week, succeeded Farid after the former EGX boss was selected as acting FRA head by the president in early August

EGX’s Farid selected as acting chairperson for FRA as Omran steps down

Omran had been heading FRA for the past 5 years, and was given a one-year extension on his term in office on 8 August 2021. Farid has been chairperson of the EGX since August 2017

Egypt’s FRA to allow creation of special-purpose acquisition companies (SPAC)

FRA noted that it came to its decision after studying many international practices, after which they concluded that SPACs is a preferred method for many experienced founders and major shareholders

MoIC and EGX celebrate World Investor Day in support of financial literacy

Capital markets play a key role in financing large, as well as small and medium-sized companies, explained MoICMin Al Mashat