Barakat, Maher & Partners, in association with Clyde & Co advise Awaed Real Estate Investment Fund

EGP 1.77 billion, fully subscribed in another significant milestone for Awaed Real Estate Investment Fund.

Barakat, Maher & Partners, in association with Clyde & Co, has advised Awaed Real Estate Investment Fund in connection with its second issuance through a private placement to qualified investors.

The issuance targeted a total subscription amount of EGP 1.77 billion, comprising 17,728,114 investment certificates at a nominal value of EGP 100 each, and was fully subscribed, reflecting continued investor interest in the Fund and the Egyptian real estate investment funds market.

The Financial Regulatory Authority gave its final approval for the Fund's second issuance on October 4, 2026, following the successful subscription of all certificates offered on the very first date of subscription period. This milestone reflects the increasing attractiveness of real estate funds and their growing potential as an investment vehicle.

Our team was led by Mostafa Elsakaa, Partner and Head of Capital Markets in our Cairo office, with the support of Walid Enany, Senior Associate, and Omar Mahmoud, Associate.

Commenting on the transaction, Mostafa Elsakaa said:

Three years since opening our Cairo office, our team has established itself as a transactional powerhouse, advising local and international businesses across a wide range of sectors. We have successfully handled complex M&A transactions, including advising on the first merger in Egypt’s private sector insurance industry, as well as handling private equity, anti-trust, competition, regulatory and corporate matters. Our teams expertise also extends to joint ventures (JVs), restructurings, separations and carve-outs, together with initial public offerings (IPOs) and securitization deals including four closings for Capital for Securitization on the mortgage portfolio of Bedaya, the fourth issuance valued at EGP 1,637,000,000 on 26 March 2025, the third issuance valued at  EGP 1,780,500,000 on 25 December 2024 and the first two issuances, valued at EGP 843 million on 29 December 2023 and EGP 1,415,500,000 on 10 October 2024. As well as closing the successful securitization deal, Capital for Securitization on the microfinance portfolio of Erada Microfinance valued at EGP 718 million in January 2025.