Mohamed Farid to spend another year heading financial regulator

Mohamed Farid has been reappointed chairman of the Financial Regulatory Authority (FRA) for another one-year term starting 7 August under a presidential decree, the FRA said in a statement. Farid has served as chairman of the market regulator for the past year, succeeding Mohamed Omran. Prior to the FRA Farid was the head of the EGX between 2017 and 2022.