Key Takeaways
- • Awaed Real Estate Investment Fund concluded its second issuance, raising EGP 1.77 billion (about USD 31.6 million), according to African Law & Business.
- • The issuance comprised 17,728,114 investment units at a nominal price of EGP 100 (USD 1.78) each, and was fully subscribed.
- • The Egyptian Financial Regulatory Authority granted final clearance to the issuance on 4 October.
- • Proceeds will fund income-generating assets in Madinaty and Al Rehab in Egypt's New Cairo satellite city.
- • The raise follows Awaed's first issuance in May 2026, which brought in EGP 7.96 billion (USD 142 million) for Madinaty core income and development projects.
Summary
Awaed Real Estate Investment Fund has concluded its second issuance, raising an additional EGP 1.77 billion (USD 31.6 million), according to African Law & Business. The offering opened for subscription in September and was divided into 17,728,114 investment units with a nominal price of EGP 100 (USD 1.78) each. The issuance was fully subscribed and received final clearance from the Egyptian Financial Regulatory Authority on 4 October.
The fund intends to deploy the proceeds into income-generating assets in Madinaty and Al Rehab, both located in New Cairo, Egypt's satellite city. This contrasts with the fund's first issuance in May 2026, which raised EGP 7.96 billion (USD 142 million) and was earmarked solely for core income and development projects in Madinaty.
Barakat, Maher & Partners, the Cairo firm operating in association with international firm Clyde & Co, advised the fund on the transaction. Partner Mostafa Elsakka, head of capital markets, led the deal, supported by senior associate Walid Enany and associate Omar Mahmoud. In a statement, Elsakka said the completion of the second issuance demonstrates the continued development of Egypt's real estate investment funds market and the growing opportunities it presents to institutional and qualified investors.
The article also notes, as separate context, that in August a consortium retained Cairo firm Matouk Bassiouny & Hennawy alongside Dentons, Stephenson Harwood, BLC Robert & Associates and PricewaterhouseCoopers in connection with the sale of financial services provider Tamweely to Egyptian fintech eFinance.
The fund intends to deploy the proceeds into income-generating assets in Madinaty and Al Rehab, both located in New Cairo, Egypt's satellite city. This contrasts with the fund's first issuance in May 2026, which raised EGP 7.96 billion (USD 142 million) and was earmarked solely for core income and development projects in Madinaty.
Barakat, Maher & Partners, the Cairo firm operating in association with international firm Clyde & Co, advised the fund on the transaction. Partner Mostafa Elsakka, head of capital markets, led the deal, supported by senior associate Walid Enany and associate Omar Mahmoud. In a statement, Elsakka said the completion of the second issuance demonstrates the continued development of Egypt's real estate investment funds market and the growing opportunities it presents to institutional and qualified investors.
The article also notes, as separate context, that in August a consortium retained Cairo firm Matouk Bassiouny & Hennawy alongside Dentons, Stephenson Harwood, BLC Robert & Associates and PricewaterhouseCoopers in connection with the sale of financial services provider Tamweely to Egyptian fintech eFinance.
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