• Dr. Islam Azzam, Chairman of the Authority:

    • Sincere appreciation to His Excellency the President and the Prime Minister. We will keep maximizing the non-banking financial sector's contribution to the national economy

    • The new board members are a major addition thanks to their distinguished practical experience

Prime Minister Dr. Mostafa Madbouly has issued a decree forming the board of directors of the Financial Regulatory Authority (FRA) for a four-year term, from October 2026 to October 2030, in accordance with the law regulating oversight of non-banking financial instruments and the presidential decree on the authority's statute.

The new board is chaired by FRA Chairman Dr. Islam Azzam. Its members include the authority's two vice chairmen, Mr. Mohamed El-Sayyad and Dr. Tarek Seif, and one of the deputy governors of the Central Bank of Egypt, to be chosen by the governor.

The new board also includes the following public figures with experience in economic, technical and legal fields:

  • Dr. Mohamed Samy Abdel Sadek, President of Cairo University

  • Dr. Mohamed Awad Ibrahim, CEO of the General Authority for Investment and Free Zones

  • Dr. Ehab Mohamed Abdel Rahman Ibrahim, Provost of the American University in Cairo

  • Dr. Yasmine Mahmoud Fouad, Professor of Finance at the American University in Cairo

  • Dr. Amany Samir Abdel Fattah, banking expert specializing in credit and investment

On the occasion, Dr. Islam Azzam expressed his sincere appreciation to His Excellency President Abdel Fattah El-Sisi and Prime Minister Dr. Mostafa Madbouly. He affirmed that the authority will continue developing the non-banking financial sector across its various activities, maximizing its contribution to the national economy, and broadening and deepening it to achieve financial inclusion goals in light of "Egypt Vision 2030", while ensuring a full balance between thriving activity and protecting clients' rights.

The FRA chairman congratulated and welcomed the new board members, expressing his pride in the major addition and vital support they bring to the authority through their distinguished practical experience and exceptional capabilities in finance, law, technical matters and management, which will help strengthen the efficiency of the authority's plans and decisions in the coming period.