Cairo: Chairman of the Financial Regulatory Authority (FRA) Islam Azzam and President of the Arab Academy for Administrative, Banking and Financial Sciences (AAMBFS) Mostafa Hodieb witnessed the signing of a cooperation protocol to provide specialized postgraduate programs for FRA employees and staff at companies under FRA’s supervision.

According to State Information Service Egypt, the initiative is part of the FRA’s strategy to develop human capital and enhance the efficiency of professionals in the non-banking financial sector. The cooperation protocol aligns with the state’s broader direction to invest in human capital and build qualified cadres capable of leading development efforts. This initiative supports the goals of Egypt Vision 2030, particularly in financial inclusion, digital transformation, and institutional efficiency.

The agreement reflects a strong synergy between the FRA’s regulatory and supervisory role over non-banking financial markets and the academy’s academic expertise. This integration is expected to help prepare highly qualified professionals equipped with both practical knowledge and advanced professional skills.

Azzam emphasized that investing in human capital is essential for enhancing the sustainability and efficiency of the non-banking financial sector. He highlighted the FRA’s commitment to offering advanced educational and training opportunities aligned with global best practices, enabling professionals to drive institutional development.

The agreement also includes partial scholarships to encourage employees to pursue higher education, as well as flexible payment plans to ease financial burdens and support career advancement in the sector.

For his part, Hedeib affirmed that the partnership reflects the academy’s commitment to supporting national institutions through specialized programs and stressed that human capital development is fundamental to achieving sustainable development.