Mohamed Omran

FRA sets maximum limit for young people under 21 years old to trade on EGX

Mon, 22 Feb 2021 - 03:43 GMT

Omran stated that the decision includes that direct trading on the stock exchange be limited to buying and selling without allowing the use of margin buying mechanisms or borrowing securities for the purpose of selling, according to a statement issued, Sunday.

Egypt aims to achieve comprehensive digital transformation of all non-banking financial activities: FRA

Tue, 19 Jan 2021 - 02:07 GMT

These activities include money market activities, the stock exchange, real estate finance, micro, medium and micro finance, consumer finance, insurance and financial leasing and factoring, Omran clarified.

FRA: Funds set for micro-sized projects amount to LE 18.7B by end of 2020

Tue, 19 Jan 2021 - 01:44 GMT

Some 3.1 million persons have benefited from the funds, said FRA chairman Mohamed Omran in a press conference Tuesday.

Financial leasing contracts hike 19.7% during 2020

Tue, 19 Jan 2021 - 01:34 GMT

The contracts recorded LE 58.6 billion during 2020, compared to LE 55.9 billion during 2019, marking an increase of 4.8 percent.

Size of financing portfolio granted to micro-projects record LE18.2B by end of November

Sun, 03 Jan 2021 - 01:24 GMT

The indicator of the cumulative development of the volume of total transactions (disbursement and payment of financing) through non-cash payment methods from the beginning of the application in December 2018 until the end of September 2020 reached a total value of LE 2.5 billion.

Securitization bond issuance in Egypt to hit LE25B in 2020

Sun, 13 Dec 2020 - 03:33 GMT

CAIRO – 13 December 2020: Volume of securitization bond issuance in Egypt amounted to about LE 15.7 billion by the end of November 2020, according to Head of the Egyptian Financial Supervision Authority Mohamed Omran.

Egypt studies structure of Futures Exchange, Settlement companies

Tue, 25 Aug 2020 - 02:24 GMT

The working group includes representatives from each of the Central Bank, the Egyptian Stock Exchange, the Egypt Central Clearing, Depository and Registry Company, the Federation of Egyptian Banks, the Egyptian Insurance Union, a representative of investment banks and the European Bank for Reconstruction and Development (EBRD).

FRA chairman says nano finance encourages new economic activities

Sun, 28 Jun 2020 - 04:18 GMT

Nano finance is thus one way of supporting certain segments of society, such as women and youth, to become a productive social power, Omran said in a statement Sunday.

FRA: Stock trading to be done via e-mail, SMS to curb coronavirus spread

Wed, 18 Mar 2020 - 02:14 GMT

Omran said that this precautionary measure is taken in line with the state measures to curb the spread of coronavirus.

FRA offers online non-banking services on back on coronavirus scare

Sun, 15 Mar 2020 - 11:35 GMT

Those who have complaints can send them to the authority via email "Complaints@fra.gov.eg", he said.

FRA: Egyptian economy reaping fruits of reforms despite regional, int'l challenges

Tue, 28 Jan 2020 - 02:23 GMT

Omran said the value of securities issued at primary market stood at over LE 220 billion.

FRA seeks playing bigger role in non-banking financial activities: Omran

Tue, 10 Dec 2019 - 11:44 GMT

He expressed satisfaction over the development in non-banking activities, noting the noticeable rise in the value of issued securities to exceed LE 1 trillion.

Rameda floats 49% of its shares, hopes to raise LE 1.755B

Wed, 27 Nov 2019 - 12:43 GMT

Rameda said that trading will be made in two tranches and will be priced at LE 4.66 per share.

FRA seeks to issue green bonds in 2020

Wed, 20 Nov 2019 - 03:44 GMT

Omran added that the authority offers a 50-percent discount on examining and studying green bond issuance to encourage organizations and investors to invest in it.

Egypt studies issuing Sukuk during Q1 of 2020: Omran

Wed, 20 Nov 2019 - 03:33 GMT

Omran clarified during a conference to announce the issuance of the first short-term securitization for payment of Premium Card that the biggest challenge is offering green bonds.

FRA approves short-term securitization bond program worth LE 2 billion

Wed, 20 Nov 2019 - 03:29 GMT

Omran added Wednesday that, as a part of this program, FRA agreed to issue two short-term securitization bonds for Premium International for credit services.

FRA: Financial leasing contracts valued at LE 48B in June

Tue, 22 Oct 2019 - 05:40 GMT

The volume of real estate financing rose to LE 12 billion in the first six months of this year, compared with LE 10.7 billion in December of 2018.

FRA launches regional plan to encourage green economy

Mon, 14 Oct 2019 - 09:37 GMT

He said the financial centers in Africa have a good opportunity to transfer African countries into global green financial hubs once funds are provided.

Egypt to host meetings of emerging markets, WFE for first time

Sun, 22 Sep 2019 - 11:23 GMT

Omran's remarks were made at the end of International Organization of Securities Commissions (IOSCO) meetings held in Russia's Saint Petersburg city.

FRA chairman welcomes endorsement of new civil action bill

Sun, 25 Aug 2019 - 03:03 GMT

The new law takes into consideration the Egyptian experiment over the past five years as far as funding of micro-sized projects is concerned, Omran said in a statement Sunday.

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