Egypt Financial Regulatory Authority chair details fintech reforms boosting new stock market investors and raising insurers’ minimum capital to EGP 750 million

Egypt’s Financial Regulatory Authority published remarks by its chairman, Mohamed Farid, setting out how legislative and regulatory upgrades alongside expanded use of financial technology have widened access to non-banking financial services and increased participation in capital markets, insurance and investment. The comments were delivered as a keynote address at the Top 50 Women STEM and Future Innovation Summit. The update highlighted retail-facing outcomes, including gold investment funds launched in 2023 attracting EGP 4–5bn from around 250,000 investors. It also cited regulatory changes enabling digital know-your-customer and onboarding, with new stock market trading codes rising from around 25,000–29,000 per year previously to about 340,000 in 2023, 240,000 in 2024 and 281,000 up to October 2025. In insurance, Farid pointed to the unified insurance law merging four laws and increasing the minimum capital requirement for insurers from EGP 60m to EGP 750m, and noted that three to four insurers have begun issuing policies for funds insuring new cars, with digital completion possible from home. Separately, the authority requires supervised entities to have internal audit, governance, oversight and risk management functions, describing these as vital across roughly 3,900 supervised institutions, and referenced training by its Financial Services Institute and the extension of direct regulatory supervision to healthcare programme management (TPA) companies.