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FRA Board welcomes Islam Azzam as EGX Chairman

Businessmen Team economy 11 September 2025 11:57 PM
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FRA Board welcomes Islam Azzam as EGX Chairman

The Board of Directors of the Financial Regulatory Authority (FRA) welcomed Dr. Islam Azzam in its first meeting following his appointment as Chairman of the Egyptian Exchange (EGX). The Board expressed its sincere thanks and appreciation for his efforts and contributions during his tenure as Vice Chairman of the Authority and a member of the Board of Directors.

Dr. Mohamed Farid, Chairman of the FRA, and the Board members expressed their appreciation for Dr. Islam Azzam's dedicated efforts and commitment to developing the non-banking financial sector, wishing him success in his new role as Chairman of the Egyptian Exchange.

During the meeting, it was emphasized that the coming period will witness further coordination to support efforts to develop and expand the capital market, enhancing efficiency, competitiveness, and market depth through the introduction of new financial instruments and products. The primary objectives remain market stability and investor protection, alongside strengthening liquidity and trading activity.

It is worth noting that Dr. Moustafa Madbouly, Prime Minister, issued Decision No. (2812) of 2025 appointing Dr. Islam Azzam as Chairman of the Egyptian Exchange for a period of one year.

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Financial Regulatory Authority FRA Egyptian Exchange EGX Islam Azzam Mohamed Farid Board of Directors non banking financial sector capital market development efficiency competitiveness market depth financial instruments investor protection market stability liquidity trading activity Prime Minister Moustafa Madbouly Decision No 2812 of 2025