Islam Azzam, chairperson of the Financial Regulatory Authority, said during a visit to Cairo National University that promoting financial literacy among young people represents a strategic investment to expand markets and foster innovation.
Islam Azzam, chairperson of the Financial Regulatory Authority, visited Cairo National University as part of ongoing efforts to raise financial awareness among students. Azzam provided an overview of the authority's role in supervising the capital market, insurance sector and non-banking activities including consumer finance, leasing and microfinance.
Azzam discussed recent sector developments such as the launch of futures trading on stock indices and the anticipated activation of securities lending mechanisms. He noted that gold and silver investment funds recorded the strongest performance with returns exceeding 20 percent quarter-on-quarter in the first quarter.
Mohamed Abdel Aziz, assistant chairperson of the FRA, delivered a lecture on the authority's responsibilities for market stability and transparency. He highlighted the I-Invest platform launched to improve public understanding of non-banking financial services through an interactive educational experience.