Farid made his remarks during a meeting with the newspaper's editors-in-chief held on Sunday.
The meeting followed Egypt's launch of its new Narrative for Economic Development, a long-term strategy running through 2030. The new narrative focuses on creating jobs and boosting growth across five priority sectors: tourism, manufacturing, agriculture, energy, and information and communication technology (ICT).
Farid stated that the Egyptian Exchange is prepared to welcome new listings, citing a general increase in liquidity and trading volumes.
He emphasized that regulating all financing and investment activities is crucial to protect investors, maintain market stability, and enhance risk management.
Strengthening investment and transparency
Farid highlighted ongoing efforts to improve the efficiency of investment management in private insurance funds, which will boost returns for subscribers and pensioners.
He also noted the progress of Egyptian accounting standards, which aim to improve transparency and provide clearer financial statements that support investors' decision-making.
As part of efforts to raise financial awareness, the FRA has launched a nationwide insurance campaign to encourage wider adoption of insurance.
Similar awareness campaigns are planned for the capital market and non-banking finance activities.
Bolstering market resilience
Farid stated that the application of Basel III solvency standards is enhancing the ability of non-banking finance companies to fulfil their obligations and manage risk.
Regulatory oversight also continues to combat financial fraud and stop unlicensed activity that violates non-banking finance laws.
He also noted that new gold investment funds have emerged as one of the FRA’s pioneering legislative initiatives, attracting more than 200,000 investors with net assets reaching EGP 2.7 billion.
In parallel, the authority is moving to regulate digital platforms for investment in real estate fund certificates, providing investors with easier and more secure access to property shares.
Farid also highlighted Egypt’s leadership in launching a regulated voluntary carbon market, positioning the country as a regional and global pioneer in efforts to reduce emissions.
In terms of financial instruments, more than EGP 10 billion in sukuk have been issued to finance projects across productive sectors, while equity issuances have reached EGP 431 billion.
Financial inclusion through innovation
The FRA head underlined that digital transformation and innovation are now a cornerstone for achieving financial, investment, and insurance inclusion.
He added that regulating consumer finance and small, medium, and micro-enterprise finance has been essential to integrating these activities into the formal economy.
FRA, established by Law No. 10 of 2009 and reinforced under the 2014 constitution, is Egypt’s independent public watchdog for non-banking financial markets.
It brought together the mandates of four previous regulators — the Egyptian Insurance Supervisory Authority, the Capital Market Authority, the Mortgage Finance Authority, and the General Authority for Investment’s oversight of leasing and factoring — into a single unified body.
Today, the FRA regulates a wide range of non-banking activities, including the capital market, futures exchanges, insurance, mortgage finance, leasing, factoring, securitization, SME and microfinance, and the movable collateral registry.
The authority ensures the stability and transparency of non-banking markets, protects investors’ rights, and fosters development and innovation. It issues rules, systems, and regulatory frameworks that are designed to safeguard market efficiency and balance the interests of all stakeholders.
The FRA also manages financial literacy programmes and oversees several specialized centres, such as the Financial Services Institute, the Egyptian Institute of Directors, the Regional Centre for Sustainable Finance, and the Centre for Arbitration and Settlement of Non-Banking Financial Disputes.
Through this wide mandate, the FRA has become a cornerstone of Egypt’s financial system, ensuring that non-banking activities remain stable, transparent, and aligned with national development goals.
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