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

Barakat, Maher & Partners, in association with Clyde & Co, acted as the legal advisor on the launch of Awaed Real Estate Investment Fund, contributing a significant milestone for Egypt’s real estate investment funds market and constituting the largest of its kind with an investment volume of EGP 8 billion.

The Fund is subject to the oversight of the Financial Regulatory Authority (FRA), established as a joint stock company pursuant to Capital Market Law No. 95 of 1992 in association with Arab Company for Project & Urban Development, a subsidiary of Talaat Motsafa Group (TMG), and CI Capital. The Fund's first private placement was fully subscribed by high-profile leading financial institutions in Egypt, reflecting high trust in the founders of the Fund and the quality of its investment portfolio, which is founded on commercial units with rental proceeds and the development of two plots in Madinaty Project—one of the most significant real estate projects established in East Cairo. 

Our legal team was led by Mostafa Elsakaa, Partner and Head of the Capital Market in Cairo Office with support of Moataz El Sherbini and Walid Enany, Senior Associates, and Omar Mahmoud and Mahmoud Toraya, Associates of the Firm.

On this transaction, Mohamed Barakat, Managing Partner, comments,

Mostafa added,

Two 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.