Cairo — Egyptian property developer Talaat Moustafa Group (TMG) has joined forces with CI Capital Holding to establish an EGP 8 billion real estate investment fund, offering investors access to income-generating commercial assets, according to a disclosure filed with the Egyptian Exchange (EGX).
The fund, named the Awaed Real Estate Investment Fund, received regulatory approval from the Financial Regulatory Authority (FRA) and was fully subscribed on its first trading day, reflecting strong investor demand for institutional real estate investment vehicles.
The fund will primarily invest in commercial properties owned by TMG that generate stable rental income, enabling investors to benefit from recurring lease revenues without directly owning or managing real estate assets.
Under the agreed structure, Arab Company for Projects and Urban Development, a TMG subsidiary, will hold a 49% stake in the fund, while CI Capital PE for Fund Management, a subsidiary of CI Capital Holding, will own the remaining 51% and serve as the fund manager.
Another CI Capital unit, CI Capital Investment Banking, acted as transaction coordinator, bookrunner, and lead financial adviser, while also serving as the exclusive financial adviser to TMG.
The Arab Company for Projects and Urban Development is the development arm behind some of TMG’s flagship residential communities, including Madinaty and Al Rehab City.
Real estate investment funds allow investors to pool capital to acquire property assets, providing exposure to rental yields and potential capital appreciation without the operational responsibilities of property ownership.
The Awaed fund joins a growing number of property investment vehicles recently approved by Egyptian regulators, including the SAFE Real Estate Investment Fund, as authorities seek to broaden institutional participation in Egypt’s real estate market.
Real estate remains a preferred investment channel for Egyptian investors, often viewed as a hedge against inflation and currency depreciation. The sector has continued to attract capital despite broader macroeconomic pressures and regional geopolitical tensions.
Industry analysts expect Egypt’s property market to move into a more disciplined phase in 2026, shaped by tighter financing conditions, rising construction costs, and a gradual shift toward end-user demand rather than speculative investment.
