The Egypt Financial Regulatory Authority announced that President of the Republic Decision No. 421 of 2025 has renewed Dr Mohamed Farid’s mandate to act as chair of the Authority for one year, with the rank of minister, effective 7 August 2025, starting his fourth term. Farid linked the next phase of the Authority’s work to continued modernisation of the non-banking financial services sector, with development plans centred on technology, sustainability and new products to strengthen market capacity to attract investment. Priorities highlighted include ongoing updates to the digital and legislative infrastructure in alignment with international standards and further activation of the voluntary carbon market, alongside a focus on enhancing the developmental and societal impact of regulatory decisions and policies.
Egypt Financial Regulatory Authority 2025-08-10
Egypt Financial Regulatory Authority chair Mohamed Farid reappointed for a one-year fourth term and reiterates digital and sustainability priorities
The Egypt Financial Regulatory Authority renewed Dr Mohamed Farid's mandate as chair for one year, effective 7 August 2025. Farid emphasized modernizing the non-banking financial services sector, focusing on technology, sustainability, and new products to attract investment. Key priorities include updating digital and legislative infrastructure, activating the voluntary carbon market, and enhancing the societal impact of regulatory decisions.