Key Takeaways
- • Awaed Real Estate Investment Fund completed its second issuance, raising EGP 1.77 billion through a private placement, fully subscribed on the first day of the subscription period.
- • The issuance comprised 17,728,114 investment certificates at a nominal value of EGP 100 each, according to the advisory firm's announcement.
- • Barakat, Maher & Partners, in association with Clyde & Co, acted as advisers, led by Mostafa Elsakaa, Partner and Head of Capital Markets in the Cairo office.
- • The Financial Regulatory Authority granted final approval for the second issuance on October 4, 2026.
Summary
Barakat, Maher & Partners, in association with Clyde & Co, advised Awaed Real Estate Investment Fund on its second issuance through a private placement to qualified investors, according to a firm announcement. The issuance targeted a total subscription amount of EGP 1.77 billion, consisting of 17,728,114 investment certificates with a nominal value of EGP 100 each. The offering was fully subscribed, which the firm cited as evidence of continued investor interest in the Fund and in Egypt's real estate investment fund market.
The Financial Regulatory Authority gave final approval for the second issuance on October 4, 2026. All certificates offered were subscribed on the first day of the subscription period. The firm characterized the result as a further milestone for the Fund and as reflecting the growing appeal of real estate funds as an investment vehicle.
The advisory team was led by Mostafa Elsakaa, Partner and Head of Capital Markets in the firm's Cairo office, supported by Walid Enany, Senior Associate, and Omar Mahmoud, Associate. Elsakaa said the Cairo office, opened three years ago, has advised on complex M&A transactions, including the first merger in Egypt's private sector insurance industry, as well as private equity, competition, joint venture, restructuring and IPO work. He also cited securitization mandates for Capital for Securitization, including four closings on the mortgage portfolio of Bedaya, and a securitization of the microfinance portfolio of Erada Microfinance valued at EGP 718 million in January 2025.
The Financial Regulatory Authority gave final approval for the second issuance on October 4, 2026. All certificates offered were subscribed on the first day of the subscription period. The firm characterized the result as a further milestone for the Fund and as reflecting the growing appeal of real estate funds as an investment vehicle.
The advisory team was led by Mostafa Elsakaa, Partner and Head of Capital Markets in the firm's Cairo office, supported by Walid Enany, Senior Associate, and Omar Mahmoud, Associate. Elsakaa said the Cairo office, opened three years ago, has advised on complex M&A transactions, including the first merger in Egypt's private sector insurance industry, as well as private equity, competition, joint venture, restructuring and IPO work. He also cited securitization mandates for Capital for Securitization, including four closings on the mortgage portfolio of Bedaya, and a securitization of the microfinance portfolio of Erada Microfinance valued at EGP 718 million in January 2025.
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