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Mohammed Omran

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

FRA approves Egypt’s first future flow securitization program worth EGP 2B

The first issuance should close before the end of August and will offer 7-year securities at EGP 100 each, said CIRA CEO Mohamed El Kalla

FRA looking to boost financing for non-banking financial activities to EGP 820B by 2026

The FRA emphasized the importance of promoting partnership and cooperation with various market players in achieving stability in non-financial activities in the statement

FRA extends working hours to meet increased demand

There has been a climbing trend in holding business meetings related to the clarifications requested by the FRA’s technical departments regarding non-bank financial activities

Egypt’s first ever SPAC could happen in February | FRA Head

“At the end of this month or early next month, we will have the first blank check company [SPAC],” announced Financial Regulatory Authority (FRA) head Mohamed Omran