President Abdel Fattah El-Sisi has issued a presidential decree renewing the mandate of Dr. Mohamed Farid Saleh as acting Chairman of Egypt’s Financial Regulatory Authority (FRA) for a further one-year term.
According to Presidential Decree No. 421 of 2025, the renewed assignment takes effect from Thursday, August 7, 2025. This marks the beginning of Saleh’s fourth consecutive term at the helm of the FRA, maintaining his position with ministerial rank.
Dr. Mohamed Farid Saleh, a seasoned economist and regulatory expert, continues in this pivotal role as Egypt pursues further economic reform and regulatory modernization.
His tenure has been marked by significant strides in strengthening oversight mechanisms and enhancing investor confidence across Egypt’s non-banking financial sector.
The decision comes amid ongoing efforts by the Egyptian government to stabilize financial markets, bolster regulatory frameworks, and foster a more competitive investment climate.
Saleh has played a leading role in steering Egypt’s financial sector through challenging global economic conditions.
Under his leadership, the FRA has sought to expand financial inclusion, develop capital markets, and implement robust risk management protocols.
The renewal signals continuity in the country’s approach to financial governance, a factor seen as critical to sustaining momentum in capital market growth and regulatory development.
The announcement was made public on Thursday afternoon and signed by President El-Sisi, underscoring the administration’s confidence in Saleh’s leadership and the strategic importance of the FRA’s role in Egypt’s broader economic vision.
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