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