الهيئة العامة للرقابة المالية

• The Authority has granted final approval to Azimut Investments and the subscription prospectus for ‘Halan – Azimut’ Real Estate Investment Fund (REIF) is presently under review.

In a step reflecting the strategic direction for NBFS development and digital transformation, FRA FinTech Committee approves Azimut Investments’ request to establish the first Digital REIF platform.

This platform is the first of its kind in the Egyptian market, marking a paradigm shift in real estate investment mechanisms. It utilizes innovative digital solutions to enable individuals to invest in fractional ownership through fund units offered via digital platforms licensed by the Authority.

This step adheres to the Authority’s Board of Directors Resolution No. (125) of 2025 which introduced the first regulatory framework for digital REIF platforms, thereby guaranteeing investor protection and sector growth.

The Authority is reviewing the subscription prospectus for the first digital issuance of ‘Halan – Azimut’ REIF. Upon completion, the fund will launch on the new digital platform, becoming the first digitized REIF in the Egyptian market.

The Board of Directors of the “Halan – Azimut” Real Estate Fund features a diverse composition that includes financial institutions and real estate developers. The board comprises: Mounir Nakhla – CEO of MNT-Halan, Abou El-Saad  – CEO of Azimut Investments, Khaled Sakr representing MNT-Halan and the following independent members: Hassan Allam, Hala El Hadidy, Nora Mashhour and Mohamed Alawy.

This initiative completes the Authority’s efforts to expand financial, investment and insurance inclusion. This is achieved by offering new, affordable investment products using modern digital tools that mirror global transformations and address the demands of various investor categories.

Through this framework, the Authority seeks to regulate the operation of all digital REIF platforms, thereby providing a safe, transparent and effective investment environment. This also necessitates the compliance of existing REIF platforms with the new regulations. Moreover, the platform serves as a crucial tool for real estate developers, allowing them to present their projects to investors via the licensed REIF digital platform.

In this context, the Authority holds a series of meetings with key real estate developers and various e-platforms currently involved in selling real estate shares to the public. The discussions focused on FRA’s regulatory vision and licensing requirements. This aligns with FRA’s strategy of continuous dialogue with market partners and fostering integration between technological innovation and regulatory discipline within the non-banking financial system..