Dr. Farid expressed his gratitude and appreciation to all
colleagues, leaders, and members of the FRA for their efforts during the past
period, describing them as a cornerstone in the sector’s development process.
The integration of these efforts has enabled the FRA to achieve a significant
portion of its targets across various areas, in line with its vision to enhance
the role of non-banking financial services in supporting and strengthening the
national economy. He highlighted the major progress in digital transformation,
which has brought significant improvements to markets and stakeholders,
enabling companies within the sector to attract foreign financing and
investments. He also emphasized sustainability efforts through greater
activation of the voluntary carbon market.
He stated that the financial regulatory sector continues on
its path toward reinforcing its role in supporting the national economy, driven
by dedication and hard work. He stressed that sincerity, integrity, and
competence are fundamental principles for achieving the goals aimed at raising
Egypt’s stature.
The Chairman affirmed that ongoing modernization and
development efforts are designed to align with international best practices,
boosting the efficiency and transparency of Egypt’s financial markets,
enhancing their attractiveness to investors, and supporting the national
economy.
He reaffirmed his commitment to ongoing reform and
development, saying, “Efforts will be united to strengthen the role of
non-banking financial services in supporting the national economy and achieving
stability and growth for this vital sector.” He added that the Authority is
focused not only on issuing regulations and legislation but also on maximizing
its developmental and societal impact on the people, society, and economy, a
challenge that demands continued effort and perseverance.
He concluded by calling on all employees to maintain hard
work and teamwork, emphasizing that achieving targets depends on unified efforts
and a shared vision for the benefit of Egypt.