Awarded as ‘’Person of the Year in the African Capital Markets’’, Mohamed Omran is considered to be the most innovative and creative regulator. He is the architect of the legislative revolution that happened in the financial services.
Omran is the fourth Executive Chairman of The Financial Regulatory Authority (FRA), the single Regulatory Authority for Non-Banking Financial Institutions, and a Professor of Finance at the Arab Academy for Science and Technology.
Before his recent appointment, he was a leader in the capital market serving as the Executive Chairman of the Egyptian Exchange for 6 years. He was also the Chairman of the Federation Euro-Asian Stock Exchanges (FEAS).
He served as a Vice Chairman for Operation of the Insurance Holding Company for one year and the Vice Chairman of the Egyptian Exchange for four years from 2006-2010. He was also an advisor to the Minister of Investment and an Acting Executive Director of the Egyptian Institute of Directors.
Legislative revolution in the Egyptian non-banking financial sector:
Moreover, He was the main driving force behind the latest legislative revolution in the Egyptian non-banking financial sector, which included the issuance of the largest amendments to the current Capital Market Law No. 95 of 1992, and the subsequent amendments to the executive regulations of the law, and the introduction of detailed provisions on Sukuk rules.
Omran also contributed to the issuance of the new Leasing and Factoring Law, which led to enhancing financial inclusion.
The legislative revolution also included issuing a new Consumer Finance Law, which aimed to increase the purchasing power of citizens, as well as new amendments to the Central Depository and Registry Law, allowing the establishment of settlement and clearing companies specializing in government securities and others for futures
In addition, the recent amendments included a new law governing the activity of microfinance to include financing small and medium enterprises.
During COVID19 pandemic crisis, Omran and his crisis management team have managed to conduct the first ever stress testing in Egyptian market measured the extent to which non-bank financial companies endure financial shocks resulting from the economic effects of COVID-19 in terms of the impact on the revenues and liabilities of these institutions, their financial solvency and the size of the risks they face.
Furthermore, he authored and co-authored around 40 papers and his works appear in several international Economics and Finance Journals such as: Journal of Financial Research, Journal of Comparative Economics, Journal of International Financial Markets, Institutions and Money, World Development, International Review of Law and Economics, Multinational Finance Journal.
He was one of nine selected globally and the first and only Egyptian to get the Distinguished Hubert Humphery Leadership Award.
