The Egypt Financial Regulatory Authority’s board of directors honoured Mohamed Farid Saleh, the Minister of Investment and Foreign Trade and the Authority’s former chair (2022–2026), presenting him with the Authority’s commemorative shield and crediting his tenure with key reforms in the non-banking financial sector. During the ceremony, board members pointed to measures including the issuance of a law regulating the use of financial technology in non-banking financial activities, the adoption of frameworks for new financial instruments and mechanisms including financial derivatives, the revival and development of the investment fund industry, and the launch and regulation of gold funds as a new investment vehicle. They also highlighted faster digital transformation and upgrades to the Authority’s technology infrastructure, the adoption of sustainability and green finance standards, and wider legislative updates aimed at strengthening governance, compliance, supervision, and market stability. Farid framed the outcomes as a collective effort and called for continued institutional development to sustain the results.
Egypt Financial Regulatory Authority 2026-03-01
Egypt Financial Regulatory Authority honours former chair Mohamed Farid and highlights fintech, derivatives and gold fund reforms
The Egypt Financial Regulatory Authority honored Mohamed Farid Saleh for his tenure as chair, crediting him with significant reforms in the non-banking financial sector. Achievements include regulating financial technology, introducing new financial instruments, developing the investment fund industry, and advancing digital transformation and sustainability standards. Farid emphasized the collective effort behind these initiatives and the need for ongoing institutional development.