The Listing Committee held on 03/03/2026 has approved the following:
'        Listing the shares  of Misr Life Insurance (temporary listing) with an issued capital of EGP 5 Billion distributed over 500 Million shares with a par value of EGP 10.00 per share represented in 8 issuances in the Egyptian Securities Listing Board (Shares) ' 'Main Market, in accordance with Articles (1 bis), (6), (7) and (18) of the rules for listing and delisting securities on the Egyptian Exchange.
'        the company is committed to fulfill the items (1, 2, 3) of Article (7) of the Listing Rules and complete the registration procedures with the Financial Regulatory Authority (FRA) in accordance with the rules determined by the Board of Directors of the Financial Regulatory Authority (FRA), also applying to the (EGX) to execute the offering of its shares within six months from the date of temporary listing.
'        In all cases, the company's shares shall not be traded during the period from the date of the temporary Listing until the start of trading of these shares (after the offering), except with the approval of (FRA). The temporary Listing shall be deemed as if it did not exist, in case of the company does not implement its share offering and fulfill the conditions and requirements for final listing within six months from the date of temporary listing ,The said deadline may be extended with the approval of (FRA) in cases it deems appropriate based on the justifications and time plan that submitted by the company.
'        The company must adhere, throughout the temporary Listing period to the obligations stipulated in clauses (1 to 4) of Article (48) of these rules.
'        Shareholders who own (10%) or more of the company's share capital and/or their successors from among the remaining shareholders in the company shall be obligated to retain (51%) of the shares they own in the company's share capital , to be Locked 'In, and if the total shares to be Locked 'In accordingly are less than (25%) of the company's issued capital shares, the (25%) are completed from the stakes of the members of the board of directors and the founders of the company or other shareholders.
'        Such Locked 'In shares shall be for a period of not less than (24) months, together with the issuance of the periodic financial statements for two fiscal years from the date of offering at the stock exchange, where the same percentage shall be (Locked 'In) in any increase in the company's capital for the same period, except for stock dividend, in implementation of item (7) of Article (7) of the Listing and Delisting Rules.
'        The company's shares shall be added on the EGX's database under the sector of " Non-Banking Financial Services' as of Tuesday 10/03/2026 trading session.
 '        The company must comply with the decision of the Board of Directors of the Financial Regulatory Authority No. (178) of 2024 regarding the controls for the Authority's approval of ownership, control or merger of companies operating in the field of non-banking financial activities, as amended by the decision of the Board of Directors of the Financial Regulatory Authority No. (5) of 2025, especially the text of Article Four thereof 'Limits and percentages of ownership for insurance and reinsurance companies.'

In line with the directives of Dr. Mohamed Farid Saleh, Minister of Investment and Foreign Trade, to deepen the role of local and global private sector players in promoting investment, Eng. Mohamed El-Gousky, CEO of the General Authority for Investment and Free Zones, met with Mr. Todd Wilcox, CEO of HSBC Egypt, and Mr. Nadim Habib, Head of Corporate Banking at HSBC, to discuss cooperation in promoting investment opportunities in Egypt.

Both sides agreed on the importance of informing the bank’s client base of the latest legislative and procedural developments in Egypt’s investment environment, leveraging HSBC’s vast client network of 42 million customers across 62 countries and regions worldwide. This comes especially after HSBC Egypt’s strategic shift towards focusing on global trade and corporate financing, aligning with the Ministry’s plan to increase export-oriented investments.

The two parties discussed developing a joint promotion plan with specific targets and timelines to ensure a positive image of Egypt’s economy reaches the bank’s clients globally.

Eng. El-Gousky emphasized the importance of utilizing the capabilities and global reach of international banking institutions to promote Egypt’s economic reform efforts, tailoring communication messages to each market. He added that the Egyptian economy has demonstrated resilience and flexibility in recent years despite global and regional challenges, relying on sectoral diversity and massive infrastructure spending exceeding USD 550 billion over the past 10 years, along with trade agreements that facilitated Egyptian goods and services’ access to 70 countries with 3.6 billion consumers, representing 60% of global GDP.

Mr. Todd Wilcox noted that many of the bank’s major global clients are eager to learn about Egypt’s economic developments, particularly from China, India, the UK, and the USA. He highlighted that Egypt’s infrastructure boom in roads and ports has strengthened its role in global trade, making it a key player in continental and regional value chains.

Dr. Dalia El-Hawary, Deputy CEO of the Authority, pointed out that the Egyptian government, in cooperation with the World Bank, has identified 13 target economic sectors for investment attraction under the National Strategy for Foreign Direct Investment (2025–2030). She invited HSBC to inform its clients about these sectors, which enjoy competitive advantages and supportive government policies.

Ms. Menna Mounes, Head of Chinese Investment Promotion at the Authority, emphasized Egypt’s goal of attracting Chinese investments in renewable energy and automotive sectors. She invited HSBC to inform its Chinese clients about the facilities offered to investors in general, and to Chinese investors in particular, including the establishment of a specialized unit for Chinese investors under the Authority’s umbrella, and allowing Chinese companies to use the yuan currency in financial and investment transactions in Egypt.

On Monday, March 2, Dr. Badr Abdelatty, Minister of Foreign Affairs, International Cooperation, and Egyptians Abroad, received Mr. Ajay Banga, President of the World Bank Group, during his first official visit to Egypt, to discuss ways to strengthen cooperation between Egypt and the World Bank Group.

The Minister expressed appreciation for the existing cooperation between Egypt and the World Bank, and for the support provided by the Group to assist Egypt in achieving its economic and developmental goals and priorities. He praised the strategic partnership with the World Bank and its support for implementing Egypt’s economic reform program and achieving sustainable development, through contributions to major national projects and presidential initiatives, foremost among them the “Decent Life” initiative.

Dr. Abdelatty reviewed the results of Egypt’s recent economic and structural reform efforts to enhance macroeconomic stability, including meeting foreign currency needs through market mechanisms. He noted that this progress has been reflected in IMF reports and credit rating agencies, highlighting the rise in foreign currency reserves, the downward trajectory of inflation, and significant growth in several economic sectors. He commended the World Bank’s continued positive messages regarding Egypt’s economic performance, which reflect the state’s commitment to reforms, creating an attractive investment environment, and strengthening business and international institutional confidence in the Egyptian economy.

The Minister also outlined government efforts to empower the private sector as a key partner in achieving sustainable development, through improving the investment and legislative environment and offering tax and customs incentives. These measures have increased private sector investment contributions to the economy. He referred to ongoing efforts to update the State Ownership Policy Document, which will further enhance the private sector’s role in driving economic growth. He also praised the World Bank’s support for regional energy interconnection projects, noting Egypt’s role as a regional hub for energy trade and its desire to deepen cooperation with the Bank in this field.

For his part, the World Bank President expressed his eagerness to strengthen cooperation and coordination frameworks in the coming period to support Egypt’s development priorities and maximize the benefits of the existing partnership. He praised Egypt’s economic performance amid current regional and international challenges, commending the package of economic and structural reforms implemented by the government, which have strengthened financial and monetary stability, improved the investment climate, and advanced economic empowerment and social protection efforts.

He also lauded Egypt’s leadership role as a cornerstone of security and stability in the region, and its ongoing efforts to support regional peace and security. He affirmed the Bank’s commitment to continue supporting Egypt’s development and economic reform programs, and to intensify technical and financial cooperation, especially given the exceptional circumstances and accelerating challenges in the region.

The meeting also addressed the humanitarian situation in the Gaza Strip. The Minister emphasized Egypt’s commitment to continue supporting the Palestinian people in Gaza, enhancing early recovery and reconstruction efforts, and providing essential needs. He stressed reliance on the World Bank to continue its role in supporting the provision of decent and sustainable living conditions for the Palestinian people.

Dr. Mohamed Farid Saleh:
“We are working in cooperation with various parties to provide the necessary support for entrepreneurship, as it is a key driver of growth, employment, and investment attraction.”

Basel Rahmi:
“Cooperation will focus on supporting medium and small industrial projects and enabling youth to access promising investment opportunities.”

Dr. Mohamed Farid Saleh, Minister of Investment and Foreign Trade, held a meeting with Mr. Basel Rahmi, CEO of the Micro, Small, and Medium Enterprises Development Agency (MSMEDA), attended by Dr. Hala Abu El-Saad, President of the Egyptian Federation for Financing MSMEs, Eng. Mohamed El-Gousky, CEO of the General Authority for Investment and Free Zones, along with senior officials from the ministry and the agency.

The meeting aimed to explore mechanisms to maximize the benefits of financing programs and non-financial services provided by the agency to support and grow entrepreneurial projects, while enhancing institutional integration to accelerate the growth of this vital sector.

The Minister emphasized that the ministry, through the General Authority for Investment and Free Zones, works to strengthen communication with various investment projects in productive sectors, providing support and linking them to entities offering financing programs and non-financial services. This helps broaden companies’ access to resources and enhances their growth and sustainability.

He noted that MSMEDA and the Egyptian Federation for Financing MSMEs are two main arms in supporting and developing entrepreneurial projects, which are fundamental drivers of Egypt’s economy due to their role in increasing employment, attracting investment, boosting productivity, and enhancing national competitiveness.

For his part, Basel Rahmi stressed the agency’s commitment to activating different frameworks of cooperation with the Ministry of Investment and Foreign Trade to support the entrepreneurship ecosystem, create a favorable climate for establishing and developing innovative projects, and open new horizons for youth to turn ideas into scalable businesses.

He explained that cooperation will include enabling existing projects to benefit from the Startup Charter launched by Prime Minister Dr. Mostafa Madbouly, who also chairs the agency’s board, in February. This charter strengthens the business environment for startups.

Rahmi added that the coming phase will focus on expanding support for medium and small industrial and productive projects, enabling youth to seize promising investment opportunities in the industrial sector. This will be achieved through activating incentives and facilitations stipulated in Law No. 152 of 2020 on MSME Development, in line with the state’s strategy to deepen local manufacturing, increase production, and rationalize imports.

The meeting also reviewed preparations for Cairo to host the Egyptian-Saudi International Franchise Exhibition (FRANEX 2026), organized by Franchise International Egypt in cooperation with MSMEDA, scheduled for April at the Egypt International Exhibitions Center, with broad participation from Egyptian, Saudi, Gulf, and global brands.

Additionally, the meeting discussed progress on the agency’s new digital platform, which will bring together all entities supporting MSMEs, including providers of financing and non-financial services such as training, marketing, and technical support. This is part of building an integrated system to support entrepreneurs and startups.

As part of the Ministry of Investment and Foreign Trade’s efforts to enhance the attraction of investments from major global investment and financing markets, and in line with the directives of Dr. Mohamed Farid Saleh, Minister of Investment and Foreign Trade, to inform key international partners of the latest developments in Egypt’s investment climate, Eng. Mohamed El-Gousky, CEO of the General Authority for Investment and Free Zones, received H.E. Eric Chevallier, Ambassador of France to Cairo, to discuss opportunities for strengthening cooperation between the two countries.

Eng. El-Gousky emphasized the strength of bilateral relations, which were reinforced by last year’s historic meeting between President Abdel Fattah El-Sisi and French President Emmanuel Macron in Cairo. He noted that economic relations have always been a cornerstone of ties between the two nations, with around 200 French companies directly operating in the Egyptian market, with total investments of approximately USD 8 billion.

The CEO reviewed the development of Egypt’s investment climate and the legislative and regulatory reforms that have improved the business environment, highlighting Egypt’s position as a regional hub for industry and logistics and a gateway to African and Middle Eastern markets.

He stressed the importance of digital transformation, pointing out that the number of services offered on the electronic licensing platform has increased from 389 to 440 services, and work is underway to launch the Economic Entities Platform to cover the full investor lifecycle. This will enhance efficiency, reduce costs, and attract more investments, particularly French ones.

El-Gousky also noted that empowering the business community is a government priority, supported by a stable and transparent environment and more than USD 550 billion invested in infrastructure over the past ten years.

Ambassador Eric Chevallier stated that the meeting with the leadership of the General Authority for Investment and Free Zones reaffirmed the strength of the economic partnership between the two countries. He highlighted that France ranks as the top European investor in Egypt outside the energy sector.

The French Ambassador praised the Egyptian government’s commitment to improving the business environment, facilitating trade, digitizing services, and supporting companies—especially French companies. He also stressed the importance of continued cooperation between the Authority and Business France, the agency responsible for promoting French investments and exports, for the benefit of both countries.

The French Embassy extended an invitation to the General Authority for Investment and Free Zones to participate in the French Business Forum, to be held this year in Paris and Lyon. The forum will feature broad participation from French government institutions and companies, representing a major opportunity to attract new French investments to the Egyptian market.

Source: Al-Mal

Major General Ibrahim Abu Limon, Governor of Port Said, received Ashraf Nour, Head of the Canal Region at Banque Misr, and Mohamed El-Bassal, Bank Director, at his office in the Governorate’s headquarters, as part of efforts to strengthen cooperation and support development initiatives in the governorate. The meeting was attended by Dr. Amr Othman, Deputy Governor.

During the meeting, avenues of cooperation between the governorate and Banque Misr were discussed in relation to several development and service projects, along with mechanisms to support initiatives that stimulate economic activity and provide suitable financing opportunities for small and medium-sized enterprises.

The Governor emphasized the vital national role played by state-owned banks in supporting the government’s comprehensive development plans, noting that partnerships with banking institutions are a key element in implementing projects and ensuring their financial sustainability.

He also praised Banque Misr’s social contributions and its support for initiatives with social and economic dimensions, affirming the governorate’s commitment to expanding cooperation in ways that benefit the people of Port Said.

For their part, Banque Misr officials expressed appreciation for the warm reception and confirmed the bank’s full readiness to support the governorate’s plans and participate in financing projects that drive development and advance the state’s vision of improving citizens’ quality of life.

This meeting comes within the framework of Port Said Governorate’s strategy to broaden partnerships with various national institutions, thereby strengthening development efforts and serving the public interest.

Eng. Karim Badawi, Minister of Petroleum and Mineral Resources, confirmed that the five-year plan to increase oil and gas production, launched by the sector, includes the application of new and incentivizing contractual systems to attract more investments. This will be carried out in parallel with expanding the use of non-traditional drilling methods and applying the latest technologies in production operations. He highlighted the importance of technical and economic feasibility studies within this ambitious plan, as they provide geological and economic data that support investors in making clear, well-founded investment decisions.

This came during an extended meeting held by the Minister with heads and representatives of global and local investment partners in oil and gas production, attended by petroleum sector leaders, to review and discuss the plan’s features as part of the ministry’s efforts to stimulate the necessary investments to increase production and maximize reserves.

The Minister explained that the new contractual systems, along with the expansion of horizontal drilling and hydraulic fracturing techniques, will open broader horizons for achieving tangible increases in production and reserves. He reviewed the experiences of countries that succeeded through similar systems in making qualitative leaps in their energy sectors and significantly raising production rates.

He also reaffirmed the petroleum sector’s commitment to continuing to reduce overdue payments to foreign partners until they are fully settled, while ensuring regular monthly payments and preventing any future delays. He noted that the ministry adopts a consultative approach with investors to understand their requirements and proposals, and to reach the best systems that achieve maximum mutual benefit for all parties.

During the meeting, Eng. Salah Abdel Karim, CEO of the Egyptian General Petroleum Corporation, presented details of the plan, which includes expanding the application of horizontal drilling and hydraulic fracturing techniques in both conventional and unconventional reservoirs. The plan also involves introducing flexible contractual and economic systems linked to performance levels, alongside the application of modern technologies and non-traditional methods, thereby enhancing economic feasibility.

Updating integrated scenarios prepared by various ministries and relevant agencies to deal with the repercussions of U.S.–Israeli operations against Iran, in line with developments and ensuring full readiness.
Plan prepared jointly by the government and the Central Bank includes securing the foreign currency needed to cover essential imports of food commodities, petroleum products, and production inputs.

Dr. Mostafa Madbouly, Prime Minister, chaired the meeting of the Economic Ministerial Group, where a number of priority economic files were reviewed and discussed. Chief among them were scenarios for dealing with the repercussions of U.S.–Israeli operations against Iran, as well as Tehran’s targeting of several Arab countries.

The meeting was attended by Dr. Hussein Issa, Deputy Prime Minister for Economic Affairs; Mr. Hassan Abdallah, Governor of the Central Bank; Mr. Ahmed Kouchouk, Minister of Finance; Dr. Sherif Farouk, Minister of Supply and Internal Trade; Dr. Sameh Hefny, Minister of Civil Aviation; Eng. Karim Badawi, Minister of Petroleum and Mineral Resources; Dr. Mohamed Farid, Minister of Investment and Foreign Trade; Dr. Ahmed Rostom, Minister of Planning and Economic Development; Mr. Yasser Sobhi, Deputy Minister of Finance for Fiscal Policies; Dr. Samar El-Ahdal, Deputy Minister of Foreign Affairs for International Cooperation; along with a number of officials from relevant ministries.

At the start of the meeting, the Prime Minister stressed the need to update the integrated scenarios prepared by ministries and agencies to deal with the repercussions of U.S.–Israeli operations against Iran, in line with developments, ensuring full readiness.

He also confirmed that a plan has been prepared in coordination with the Central Bank to secure the foreign currency required to cover essential imports of food commodities, petroleum products, and production inputs.

The Prime Minister noted that at this stage no one can predict the outcomes of this war, which necessitated examining all possible scenarios and setting precautionary measures to deal with any developments.

Cabinet Spokesman Mohamed El-Homsany stated that the meeting discussed scenarios for dealing with the repercussions of U.S.–Israeli operations against Iran and Tehran’s targeting of several Arab countries.

He added that the meeting emphasized that the military operations against Iran have negatively affected global markets and international economic activity, leading to fluctuations in currency exchange rates worldwide due to prevailing uncertainty. Egypt has also been impacted, given its strategic position in global trade and logistics.

El-Homsany noted that the meeting addressed the impact on fresh agricultural exports to Gulf markets, some African countries, and Southeast Asia. Immediate coordination among relevant ministries was initiated to redirect these products to the local market to prevent exporters from incurring losses.

The meeting also reviewed the impact on Egyptian flights to Gulf countries, with continued monitoring and coordination with civil aviation authorities in those countries.

Regarding petroleum products, El-Homsany confirmed that sufficient quantities are available for a long period, supported by contracted shipments. The meeting also reviewed the status of regasification vessels, confirming safe levels of gas supplies, and discussed efforts by the Ministry of Petroleum to strengthen the strategic stock of crude oil in cooperation with global companies.

The spokesman further explained that the meeting discussed preparations for launching the government’s economic development program “Post-IMF Program,” which is currently being finalized. Important steps were also highlighted within the government IPO program, including preparations for the initial listing of about 20 companies, ongoing procedures to transfer 40 companies to the Egyptian Sovereign Fund, and efforts to update the State Ownership Policy Document.

Madbouly: The state attaches great importance to paving the way for the private sector, as it is a genuine partner in driving the development engine.
Minister of Investment: Short-term action mechanisms rely on nine parallel and interconnected operational tracks to ensure rapid implementation and measurable results.

Dr. Mostafa Madbouly, Prime Minister, held a meeting to review the key work priorities of the Ministry of Investment and Foreign Trade for the coming period, attended by Dr. Hussein Issa, Deputy Prime Minister for Economic Affairs, and Dr. Mohamed Farid, Minister of Investment and Foreign Trade.

The Prime Minister began by referring to the directives of President Abdel Fattah El-Sisi to the government after taking the constitutional oath, which placed investment and foreign trade as one of the main pillars for achieving a strong economic breakthrough in the coming stage. He stressed the government’s commitment to implementing these directives, continuing structural reforms, and removing all obstacles facing investors.

Madbouly emphasized that the state is keen to pave the way for the private sector as a genuine partner in leading development, focusing on maximizing untapped opportunities and building on successes achieved in major investment deals to sustain economic growth momentum.

During the meeting, Dr. Mohamed Farid presented the ministry’s vision and executive path for the upcoming period. He confirmed that the vision aims to position Egypt by 2030 among the world’s top investment destinations and as a leading regional hub for attracting investment and developing foreign trade, through building a competitive and sustainable economy supported by a stimulating business environment, flexible legislation, and effective policies.

The minister explained that the ministry’s mission is to create a competitive and attractive environment for local and foreign investments and to facilitate foreign trade, through comprehensive legislative and institutional reforms, relying on digital transformation mechanisms to ensure tangible positive impacts for investors and exporters alike.

He stressed that the ministry continuously works to simplify procedures, improve regulatory frameworks, and enhance export competitiveness to support sustainable economic growth and strengthen the national economy’s competitiveness.

Strategic objectives include:

Enhancing Egypt’s attractiveness as a destination for local and foreign investment by providing a stable and competitive business environment that supports long-term productive growth.

Deepening Egypt’s integration into the global economy through export growth and developing production capacities to achieve sustainable trade balance.

Reinforcing the private sector’s role as a main partner in economic development, enabling it to expand, invest, and compete regionally and internationally.

Dr. Farid explained that the ministry will adopt a reform-oriented approach with rapid, consistent, and sequential executive measures to ensure gradual and sustainable results. Short-term action priorities include smart targeting of investment and exports, solving investor problems, deepening the industrial export base, digital transformation and simplification of procedures, building an integrated data system to support decision-making, as well as governance and sustainability.

He outlined nine parallel and interconnected operational tracks for short-term implementation:

Supporting entrepreneurship and financing growth.

Digital transformation and simplifying the corporate lifecycle.

Shifting from “receiving investment” to “targeting investment” by attracting high value-added productive investments based on sectoral and geographic priorities.

Maximizing the role of the sovereign wealth fund in managing and developing state-owned assets.

Deepening the capital market through IPO programs and legal amendments to improve market efficiency.

Expanding sectoral financing and launching specialized tools to support priority sectors and strengthen the private sector’s role.

Protecting and developing exports through sectoral planning and linking incentives to performance using digital infrastructure.

Ensuring sustainability via renewable energy and carbon-linked certificates to enable Egyptian companies to access global markets.

Enhancing discipline, governance, and performance efficiency to align ministry-affiliated policies, updating accounting and auditing standards to international levels to boost transparency and investment attractiveness.

On economic indicators, the minister reviewed the development of private and public investments as a percentage of GDP, noting significant growth in private investments over the past three years, reflecting business community confidence in the state’s reform measures.

He also highlighted the rise in foreign direct investment (FDI) as a percentage of GDP, supported by major investment deals, most notably the Ras El-Hekma city development project.

Dr. Mostafa Madbouly, Prime Minister, met with Mr. Mohamed Amer, Executive Vice President of Scatec (Norway) for the Middle East and North Africa, to review the company’s activities, the execution status of its projects in Egypt, and its future plans. The meeting was attended by Mr. Ahmed Kouchouk, Minister of Finance.

The Prime Minister began the meeting by reaffirming the state’s commitment to providing an attractive environment for global companies, in order to draw more foreign investment into promising sectors, particularly the energy sector, maximizing Egypt’s resources and capabilities in this field.

During the meeting, the Prime Minister highlighted areas of cooperation with the company in renewable energy, seawater desalination projects, and green hydrogen projects. He praised Scatec’s efforts in these fields and confirmed Egypt’s continued support for this partnership, given the country’s prioritization of these vital sectors—especially energy—and its ongoing efforts to establish Egypt as a regional hub for clean energy.

For his part, Mr. Mohamed Amer reviewed the execution status of several projects implemented by Scatec in renewable energy and electricity storage systems in Egypt. He emphasized the company’s aspiration to strengthen its presence in the Egyptian market and inject more investments in the coming period.

The Executive Vice President also presented Scatec’s expansion plans in energy infrastructure, along with studies and proposals for establishing and implementing projects in seawater desalination.

Company Name : Medical Packaging Company
ISIN Code : EGS3C4L1C015
Reuters Code : MEPA.CA
Content :
Release regarding the disclosure form according to the Article 29 of EGX Listing Rules.
The Release (51 KB)

Eng. Karim Badawi, Minister of Petroleum and Mineral Resources, held a video conference meeting with Mr. Basel Allam, Director of Chevron in Cyprus, with the participation of Eng. Sayed Selim, Executive Managing Director of the Egyptian Natural Gas Holding Company (EGAS), Dr. Mohamed El-Bagoury, Supervisor of the Central Administration for Legal Affairs at the Ministry, and Dr. Abeer El-Sherbiny, Acting Head of the Central Administration of the Technical Office. The meeting was convened to follow up and continue coordination on the project to link the Aphrodite gas field in Cyprus to Egypt’s infrastructure, in preparation for re-exporting to international markets via Egypt.

The Minister emphasized the importance of this project in strengthening Egypt’s role as a regional hub for gas trade and circulation, maximizing the use of its infrastructure, and supporting the optimal exploitation of gas resources to contribute to energy security. He stressed the need for joint teamwork and collective effort during this stage, with continued full coordination among all parties to accelerate the procedures and implementation steps of the project, ensuring mutual benefit and serving the interests of partners within the framework of a long-term strategic partnership.

During the meeting, progress made in preparing the main agreements for the project was reviewed by the technical and legal working teams. It was agreed to intensify efforts and continue meetings in the coming period to complete the necessary procedures and finalize the agreements as soon as possible.

14 professional positions require a license from the Authority to ensure professional competence and technical capability.

3-year license duration, renewable for similar periods provided activity requirements are met.

Companies must clearly define key positions for each activity in their organizational structure, including responsibilities and distribution.

Companies licensed for multiple activities may appoint one person to hold the same key position across activities, subject to Authority approval.

The Board of Directors of the Financial Regulatory Authority (FRA) issued a decision to develop licensing and continuity rules for key positions in companies licensed to engage in non-banking financial activities. This step aims to strengthen corporate governance, ensure technically qualified leadership in key roles, and enhance efficiency and competitiveness in delivering high-quality services to clients.

Decision No. 45 of 2026, issued at the Board meeting on February 9, 2026, chaired by Dr. Mohamed Farid (before his appointment as Minister of Investment and Foreign Trade), is part of the FRA’s strategy to modernize the regulatory framework for non-banking financial activities. It ensures clarity of responsibilities, strengthens executive and administrative leadership, and builds market confidence.

The decision applies to all companies operating in non-banking financial activities. It specifies 14 key positions that must be included in most companies’ organizational structures depending on their activity:

Managing Director

Internal Audit Director

Risk Director

Compliance Officer (Internal Controller)

Chief Financial Officer

Credit Director

Anti-Money Laundering & Counter-Terrorism Financing Officer

Regional Credit Risk Officer

Regional Credit Officer

Operations Director

Branch Financing Manager

Human Resources Manager

Legal Affairs Manager (for mortgage finance activity)

Information Systems Officer

The decision allows companies licensed for multiple activities to appoint one person to hold the same key position across activities, subject to FRA approval. If only one Managing Director is appointed, the company must designate an independent Executive Director for each other activity to ensure balanced management and effective supervision.

Conditions for licensing include:

The applicant must not be employed in any other company or entity.

Must not have been dismissed by a final disciplinary ruling.

Must not have been removed from a professional registry or banned from practicing in non-banking financial activities or other professions within the past three years.

Licenses for key positions are valid for three years, renewable for similar periods if requirements remain met. The FRA may require applicants for renewal to pass exams or training programs.

Licensed individuals must notify the FRA within 15 days of:

Contracting with a company in non-banking financial activities.

Leaving employment and reasons for departure.

Moving to another company.

Any criminal judgment issued against them.

Companies must maintain a paper and/or electronic register of licensed key position holders, including names, addresses, license dates, renewals, employment dates, termination dates, and any actions or criminal rulings.

If a key position becomes vacant, the company must notify the FRA and appoint a replacement within three months. A suitable employee may be temporarily assigned to the vacant role. If the Managing Director position becomes vacant, the Board must nominate one of its members or appoint an acting director (subject to FRA approval and interview) within three months, extendable with FRA approval.

The decision also requires companies to adopt a succession plan for key positions, approved by the Board of Directors. Companies must comply by filling required positions within six months of the decision’s effective date. The decision takes effect immediately upon publication in the Egyptian Gazette.

Fitch: Egypt is a key hub for food exports in the Middle East and North Africa… Food industry exports record their highest value ever, surpassing USD 6 billion in 2024

Food industry exports rise to USD 6.3 billion in 2024/2025 compared to USD 4.4 billion in 2021/2022

EGP 90 billion allocated to finance industrial and agricultural production at 15% interest… National factories dedicate large shares of their output to exports

Production diversity boosts exports: 10 million tons of grains, 17.7 million tons of sugar beet, and 2.5 million tons of white meat in 2025

The Cabinet Media Center published several infographics on its social media platforms highlighting the qualitative leap in the food industries sector despite global and regional tensions.

This comes in light of the sector’s growth in recent years, driven by expanded production capacities, modernization of manufacturing lines, and development of food quality and safety systems in line with international standards. The state has also launched facilitated financing initiatives to support companies and factories, enabling expansion and exports, while opening new export markets and strengthening access to existing ones. This has resulted in a noticeable increase in export rates and enhanced global competitiveness of Egyptian products, supporting the state’s strategy to maximize exports.

The infographics showcased positive international perspectives from Fitch Ratings, which confirmed that Egypt is a major hub for food exports in the MENA region, encouraging major local and international companies to expand their production capacity in Egypt. Fitch also praised the processed food sector, noting that it achieved a milestone by surpassing USD 6 billion in exports in 2024, the highest in the sector’s history.

Regarding improved export performance indicators, the infographics pointed to a 43.2% increase in food industry exports since 2021/2022, reaching USD 6.3 billion in 2024/2025, compared to USD 6 billion in 2023/2024, USD 4.8 billion in 2022/2023, and USD 4.4 billion in 2021/2022.

The infographics also highlighted leading factories and companies that achieved unprecedented export levels thanks to ambitious initiatives. The government financed the “Support for Productive Activities” initiative (industry and agriculture) with EGP 90 billion in FY 2025/2026 at a reduced interest rate of 15%.

Key factories included:

Silo Foods Company, comprising 3 factories, a specialized flour mill, and wheat silos.

United Company for Drying Agricultural Crops, with investments of USD 30 million, adding a new production line worth USD 11 million, and dedicating over 90% of its output to exports.

Egyptian Swiss Group (pasta, milling, concentrates), allocating about 65% of production to exports, supplying more than 40 countries.

Mexicano Food Industries, with investments of USD 5 million, dedicating 70% of its production to exports.

The infographics also noted that production diversity in 2025 boosted food manufacturing and opened new export horizons:

Grains (wheat, barley): 10.03 million tons

Legumes (beans, lentils, lupins, chickpeas, fenugreek): 189.8 thousand tons

Sugar crops (sugar beet): 17.77 million tons

Vegetables: 8.78 million tons

Red meat: 600 thousand tons

White meat: 2.5 million tons

Fresh milk: 7 million tons

Broiler chickens: 1.6 billion birds

Local chickens: 360 million birds

Table eggs: 16 billion eggs

Fish: 2.03 million tons