In a new tradition followed by FRA since its establishment under Law No. 10 of 2009 to replace three regulatory bodies that regulate insurance, capital market and mortgage finance, Dr. Mohammed Omran, FRA’s Chairman honored a number of distinguished employees during a celebration held in recognition of their efforts last year.
In his speech to the employees, Dr. Omran stressed that the human capital possessed by any entity is the real capital and one of the most important competitive capabilities that places a position and image of the Authority among entities operating in the non-banking financial markets and activities. Also, he stressed that the moral and material appreciation helps to improve the productivity of employees in the long term. He added that the Authority’s management has announced since taking over the responsibility to increase the value of work and proficiency, while appreciating the importance of continuing to bid at the same level in order to provide ideals and examples for the rest of the employees.
FRA’s Chairman added that FRA’s Board of Directors has approved in its last session several regulatory decisions and matters related to the human resources regulation so as to create an internal working environment that will be in line with Egypt’s administrative reform. He emphasized that the Authority is currently implementing a program to automate many of the services provided to dealers in the non-banking financial services in order to save time, effort and cost, thus FRA will enter the new fiscal year 2018/2012 with new executive steps that will contribute to achieving the vision of Egypt 2030.