In a keynote speech, the Egypt Financial Regulatory Authority (FRA) chair indicated the authority is close to completing a study to issue a new regulatory framework for electronic platforms operating in the real estate sector, particularly platforms selling real estate shares to the public. The FRA positioned the non-banking financial sector as a source of funding solutions for real estate development, including capital markets and fund-based structures. The FRA has held a series of meetings with real estate developers and operators of electronic platforms to understand their business models and set out the regulatory and legislative requirements for regularising their activities, with a stated focus on protecting clients and supporting market stability. The authority’s approach has converged on adopting the real estate investment fund model as the most workable legislative option, and three platform operators have submitted applications to regularise their status and are proceeding to establish two entities each: a real estate investment fund company and a separate company to conduct promotion and subscription coverage and manage investment funds. The speech also highlighted financing channels such as stock exchange listings, bond issuance, securitisation and sukuk, noting that the New Urban Communities Authority has issued securitisation bonds worth EGP 60 billion. The FRA chair linked recent updates to Egyptian Accounting Standards, including fair value and revaluation approaches for certain assets and investment property, to improved financial reporting that can support financing and investment decisions.
Egypt Financial Regulatory Authority 2025-06-16
Egypt Financial Regulatory Authority nears issuing a new framework for online real estate platforms and pushes a real estate investment fund model
The Egypt Financial Regulatory Authority (FRA) is finalizing a study to create a regulatory framework for electronic platforms in the real estate sector, focusing on platforms selling real estate shares. The FRA plans to adopt the real estate investment fund model, with three operators applying to establish fund management entities. The FRA chair highlighted financing channels like stock exchange listings and securitisation, noting the issuance of EGP 60 billion in securitisation bonds by the New Urban Communities Authority.