{"id":548933,"date":"2022-08-28T04:00:19","date_gmt":"2022-08-28T04:00:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/28\/madbouly-appoints-new-fra-board\/"},"modified":"2022-08-28T04:00:19","modified_gmt":"2022-08-28T04:00:19","slug":"madbouly-appoints-new-fra-board","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/28\/madbouly-appoints-new-fra-board\/","title":{"rendered":"Madbouly appoints new FRA board"},"content":{"rendered":"

First a new boss, now a new board for the FRA: <\/strong>The Financial Regulatory Authority (FRA) has appointed a new board for a four-year term under a decree issued by Prime Minister Moustafa Madbouly, according to a statement<\/a>.<\/p>\n

The board already has a new head: <\/strong>Former EGX boss Mohamed Farid was appointed<\/a> as acting chairman of the FRA for one year earlier this month. He succeeds Mohamed Omran, who stepped down<\/a> after five years at the helm of the regulator.<\/p>\n

The FRA\u2019s deputies are retaining their roles:<\/strong> Ahmed Abdel Rahman El Sheikh and Islam Azzam<\/a> are staying in post as the FRA\u2019s deputy chairmen.<\/p>\n

Joining the board: <\/strong>One of the central bank\u2019s two deputy governors will be selected by the new CBE Governor Hassan Abdalla to join the FRA\u2019s board. Madbouly also appointed former planning minister Ashraf Al Arabi<\/strong> (bio<\/a>), Rep. Marianne Azer<\/strong> (LinkedIn<\/a>), former EGX boss Khaled Serry Seyam<\/strong> (bio<\/a>), executive director of the National Training Academy of Egypt Rascha Ragheb<\/strong> (LinkedIn<\/a>), and our good friend Tarek Mansour<\/strong> to sit on the board as economic, financial, and legal experts.<\/p>\n

\n

IN OTHER MOVES- <\/strong>Amr Ahmed Mostafa<\/strong> was appointed as non-executive <\/strong>chairman of the Holding Company for Maritime and Land Transport (HCMLT)<\/strong>, Al Mal<\/a> reported, citing a circular by Managing Director Abdelmotaleb Khedr.<\/p>\n","protected":false},"excerpt":{"rendered":"

First a new boss, now a new board for the FRA: The Financial Regulatory Authority (FRA) has appointed a new board for a four-year term under a decree issued by Prime Minister Moustafa Madbouly, according to a statement. The board already has a new head: Former EGX boss Mohamed Farid was appointed as acting chairman […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7231],"tags":[72,76,2221,440,206],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-548933","post","type-post","status-publish","format-standard","hentry","category-moves","tag-enterpriseam","tag-financial-regulatory-authority","tag-mohamed-farid","tag-mohamed-omran","tag-moves","wpautop","entry"],"acf":{"mongo_id":"5805de60-4354-4f9d-a75c-caebee0d1a91","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[548915],"teaser":"","voice_url":""},"yoast_head":"\nMadbouly appoints new FRA board - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/28\/madbouly-appoints-new-fra-board\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Madbouly appoints new FRA board\" \/>\n<meta property=\"og:description\" content=\"First a new boss, now a new board for the FRA: The Financial Regulatory Authority (FRA) has appointed a new board for a four-year term under a decree issued by Prime Minister Moustafa Madbouly, according to a statement. 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Omran was first appointed to run the FRA, then known as the EFSA, on\u2026","rel":"","context":"In "Moves"","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":592592,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/08\/mohamed-farid-to-spend-another-year-heading-financial-regulator\/","url_meta":{"origin":548933,"position":1},"title":"Mohamed Farid to spend another year heading financial regulator","author":"enterpriseam admin","date":"8 August 2023","format":false,"excerpt":"Farid has spent the past year as chair of the regulator","rel":"","context":"In "Moves"","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/298.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593466,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/28\/court-rejects-acumen-raya-lawsuits-against-fras-mohamed-omran\/","url_meta":{"origin":548933,"position":2},"title":"Court rejects Acumen, Raya lawsuits against FRA\u2019s Mohamed Omran","author":"enterpriseam admin","date":"28 November 2019","format":false,"excerpt":"DISPUTE WATCH- Court rejects Acumen Holding\u2019s lawsuit against FRA boss for reputational damage: A Giza court rejected yesterday a EGP 20 mn lawsuit filed by Acumen Holding against Financial Regulatory Authority (FRA) Chairman Mohamed Omran for alleged reputational damage, according to Al Mal. The company had demanded compensation for harm\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/7\/2993.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568146,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/20\/send-in-the-lawyers\/","url_meta":{"origin":548933,"position":3},"title":"Send in the lawyers","author":"enterpriseam admin","date":"20 December 2020","format":false,"excerpt":"A new arbitration center to settle non-banking finance related disputes will be up and running soon. The Financial Regulatory Authority (FRA) is getting ready to appoint a chief executive with expertise in arbitration and dispute resolution, a board of trustees headed by the FRA\u2019s chairman to launch the center, and\u2026","rel":"","context":"In "REGULATION WATCH"","block_context":{"text":"REGULATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628368,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/02\/fra-raises-minimum-required-ownership-stake-for-mtos-to-50-from-33\/","url_meta":{"origin":548933,"position":4},"title":"FRA raises minimum required ownership stake for MTOs to 50% from 33%","author":"enterpriseam admin","date":"2 May 2018","format":false,"excerpt":"EXCLUSIVE- FRA raises minimum required ownership stake for MTOs to 50% from 33%: The Financial Regulatory Authority (FRA) has approved regulatory amendments that require investors who own more than 50% of a listed company to make a mandatory tender offer to purchase the remaining shares, up from 33% currently, FRA\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":552021,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/07\/this-evening-farid-is-stepping-into-omrans-fra-position-its-a-slow-afternoon-in-the-foreign-press\/","url_meta":{"origin":548933,"position":5},"title":"THIS EVENING: Farid is stepping into Omran\u2019s FRA position + It\u2019s a slow afternoon in the foreign press","author":"enterpriseam admin","date":"7 August 2022","format":false,"excerpt":"Good afternoon, ladies and gentlemen. 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