The Egypt Financial Regulatory Authority, through remarks by its chair Mohamed Farid at the sixth Conference of Egyptians Abroad, highlighted that Egyptians living overseas can invest in Egyptian Exchange-listed shares and investment funds via technology applications, and set out the authority’s focus on expanding flexible insurance solutions for expatriates. Farid linked the push for digital channels to the FRA’s broader programme to digitise non-banking financial services, citing earlier and more recent rulemaking on electronic insurance distribution, technology infrastructure and information security, and the fintech framework under Law No. 5 of 2022 alongside 2023 requirements covering technological equipment and protection measures, digital identity and e-contracting with e-KYC requirements, and outsourcing registers. He also reported that insured Egyptians abroad reached 1.3 million by end-July 2025, with July 2025 seeing a 20% increase in insured persons after the personal accident insurance amount for Egyptians abroad and their families was raised to EGP 250,000; 120 compensation cases were paid totalling EGP 10 million. The FRA also referenced the 2023 launch of a pension policy for Egyptians abroad that can be purchased electronically. The authority indicated it will continue coordinating with the Ministry of Foreign Affairs and other relevant bodies to further develop mechanisms that protect Egyptians abroad and broaden insurance inclusion.
Egypt Financial Regulatory Authority 2025-08-04
Egypt Financial Regulatory Authority promotes app-based access for Egyptians abroad to invest in Egyptian stocks and funds and reports 20% jump in expatriate insurance uptake after cover raised to EGP 250,000
The Egypt Financial Regulatory Authority, led by Mohamed Farid, emphasized investment opportunities for Egyptians abroad in the Egyptian Exchange and investment funds via technology applications. The FRA is advancing digital channels as part of its digitization program, including electronic insurance distribution and fintech frameworks under Law No. 5 of 2022. By July 2025, insured Egyptians abroad reached 1.3 million, with a 20% increase following a raise in personal accident insurance to EGP 250,000.