The board expressed its sincere gratitude to Dr. Azzam for his efforts and contributions during his time as the FRA's vice chairman and a board member. Dr. Mohamed Farid, the chairman of the FRA, and other board members also praised Dr. Azzam's dedicated work in developing the non-banking financial sector and wished him success in his new role at the EGX.
During the meeting, attendees stressed the importance of
future coordination to develop Egypt’s capital market. The primary goals are to
boost efficiency and competitiveness, and to deepen the market by introducing
new financial products. This will all be done while ensuring market stability
and protecting investors, and simultaneously increasing liquidity and trading
volumes.
Prime Minister Dr. Moustafa Madbouly issued decree no. 2812 for 2025, appointing Dr. Azzam as chairman of the EGX for a one-year term.