Amendments to Capital Market Law added new financial instruments: official

CAIRO - 25 November 2019: The new amendments introduced to the Capital Market Law added new financial instruments, including short-term securities, sukuk and green bonds, said head of the Egyptian Financial Regulatory Authority (FRA) Mohamed Omran on Monday.

Till now, three issuances of short-term securities were approved of maturity date not exceeding 2 years, he said in a statement released by the authority, hoping the other financial tools that were approved as part of the new amendments will see daylight soon.

As part of celebrations of the tenth anniversary of the FRA establishment, a roundtable meeting will be held next month with the participation of experts to shed the light on local and international challenges to money market, he said.

The roundtable will tackle ways of financing sustainable development.