In remarks at the sixth Akhbar Al Youm Real Estate Conference, Egypt Financial Regulatory Authority Vice Chair Mohamed El Sayad said the regulator has received its first application to convert a real estate investment company into a real estate investment fund whose units would be listed on the stock exchange. He also said the authority is reviewing 11 applications for licences to promote and underwrite investment fund units and to manage digital real estate platforms, and has granted the first licence to one company to carry on both activities. El Sayad said the authority has been developing the framework for real estate investment funds and digital platforms since 2022 through legislative and regulatory changes. The measures reduced requirements for some activities, removed single project concentration limits, allowed investment in assets that can be registered, enabled multiple issuance funds, permitted property companies to convert into real estate investment funds, simplified increases in fund size, and set rules for electronic subscription, disclosure and exit through digital platforms. Egypt currently has four real estate investment funds with net assets of nearly EGP 9 billion, and the authority is studying 23 applications to establish and license new funds. It has also amended digital identity rules to allow foreign investors to use electronic passports for remote verification and is reviewing applications from outsourcing firms to support remote investment in real estate fund units through licensed platforms.
Egypt Financial Regulatory Authority 2026-05-14
Egypt Financial Regulatory Authority says it received first application to convert a real estate investment company into a listed real estate investment fund
The Egypt Financial Regulatory Authority received its first application to convert a real estate investment company into a listed real estate investment fund and is reviewing 11 licence applications for promoting and underwriting fund units and managing digital real estate platforms, having already granted the first such licence. Since 2022, it has eased fund requirements, allowed company conversions, multiple issuances, electronic subscription and exit, and amended digital identity rules so foreign investors can use electronic passports. Egypt has four real estate investment funds with net assets of nearly EGP 9 billion, and the authority is assessing 23 further fund applications and outsourcing arrangements to support remote investment via licensed platforms.