Madinet Masr (EGX: MASR.CA) announced that the SAFE Real Estate Investment Fund has officially received approval from the Companies Incorporation and Licensing Committee, under the supervision of the Financial Regulatory Authority (FRA), to operate as a licensed real estate investment fund, Invest-Gate reports.

This milestone marks a key step in Madinet Masr’s ongoing strategy to expand its investment portfolio and provide investors with regulated opportunities in Egypt’s real estate sector.