Egypt’s GAFI updates financial evaluation framework

Egypt’s General Authority for Investment and Free Zones (GAFI) has completed the work of its technical committee reviewing and updating the rules governing pre-financial evaluations and examinations of companies, the authority said on Monday.

The committee focused on standardising accounting concepts and professional standards, reassessing procedures for mergers, divisions, and changes in legal form, and reviewing companies’ financial structures to ensure accurate reporting.

GAFI CEO Hossam Heiba described the updated framework as a “key milestone” in improving Egypt’s investment climate. He said the reforms enhance transparency and accuracy, address professional challenges, and respond to the needs of the business community.

The authority is also rolling out a broader development programme to digitise services, update procedures, and improve the quality of technical outputs in line with international best practices.

The committee adopted an integrated analytical methodology, examining existing models, reviewing international practices, and preparing practical recommendations to ensure reliable evaluation results, unified procedures, and consistent performance across all relevant departments.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser