photo courtesy of Talaat Moustafa Group
The fund, called Awaed Real Estate Investment Fund, has been approved by the Financial Regulatory Authority (FRA) and was fully subscribed on its first day of trading on the exchange, the filing said.
The vehicle will provide investors with exposure to rental-generating properties owned by Talaat Moustafa Group, with proceeds distributed from lease income generated by commercial assets with existing tenants.
TMG’s subsidiary, the Arab Company for Projects and Urban Development, holds a 49 percent stake in the fund, while CI Capital Holding's CI Capital PE for Fund Management owns the remaining 51 percent and will act as fund manager.
Another CI Capital subsidiary, CI Capital Investment Banking, acted as transaction coordinator, bookrunner, and lead financial adviser, as well as exclusive financial adviser to TMG.
The Arab Company for Projects and Urban Development is the development arm behind several of TMG’s large residential projects, including Madinaty and Al Rehab.
Real estate investment funds pool capital from investors to acquire property assets, allowing investors to gain exposure to rental income and capital appreciation without directly owning or managing the properties.
The Awaed fund is one of several such vehicles approved by the regulator in recent months, including the SAFE Real Estate Investment Fund, as authorities seek to expand institutional investment channels in Egypt’s property market.
Egyptian investors have traditionally viewed real estate as a hedge against currency depreciation and inflation. The sector has remained active despite macroeconomic pressures, including the current US-Israeli war on Iran.
Developers and policymakers expect the market to enter a more disciplined phase in 2026, driven by tighter financing conditions, rising construction costs, and a shift toward demand from end-users rather than speculative buyers.
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