Egypt’s Nawy Shares, CI Capital partner to launch real estate investment funds

By Zawya

By Eman Hamed

Egypt's Nawy Shares and CI Capital Asset Management (CIAM) have signed a partnership agreement to establish and manage digitally enabled, multi-issuance real estate investment funds, with the first subscriptions expected to open in early 2027.

The proposed funds will provide investors fractional access to real estate investments through a regulated capital markets structure, the companies said in a joint press statement.

The agreement follows new regulations issued by Egypt's Financial Regulatory Authority (FRA) governing investment in real estate fund certificates through digital platforms.

Under the agreement, Nawy Shares and CIAM will explore funds targeting capital appreciation through development projects and income generation through operating assets.

Individual issuances could be linked to specific property projects and investment opportunities.

Ayman Magdy, Managing Director of Nawy Shares, said the company has obtained the licences required to manage real estate investment funds, promote and underwrite, and receive subscriptions in investment funds.

“This partnership allows us to take that model further through regulated products that combine real estate expertise, investment management and technology,” he said.

First issuances in 2027

Subscriptions to the first fund issuances are expected to open in early 2027, subject to completion of the establishment process and receipt of the required regulatory approvals.

CIAM CEO and Managing Director Amr Abol-Enein said the partnership would formally add real estate to the asset manager's alternatives business.

“The new regulatory framework also gives us the opportunity to bring institutional investment management practices to real assets,” he added.

Nawy Shares currently offers more than 400 properties across 35 projects from around 16 developers through its fractional real estate investment platform.

CIAM's assets under management stood at EGP183.6 billion as of June 2026, with the company reporting a share of approximately 30 percent of Egypt's managed funds market.

(Writing by Eman Hamed; Editing by Anoop Menon)

(anoop.menon@lseg.com)

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