In light of the Financial Regulatory Authority’s (FRA) statement regarding the launch of several electronic platforms specializing in fractional real estate investment, Nawy Shares affirms its pride in being among the first entities to advance this regulatory path under the leadership and supervision of the FRA, Invest-Gate reports.
Nawy Shares is the fractional real estate investment arm of Nawy, Egypt’s leading real estate platform. It was launched to provide flexible and secure investment opportunities in the real estate market by enabling individuals to own shares in real estate units, thereby enhancing financial inclusion and expanding investment opportunities for a wider range of investors.
Nawy Shares extends its gratitude to the FRA for its pioneering efforts in regulating non-banking financial markets, protecting the rights of participants, and establishing principles of transparency and trust within this vital sector.
Over a year and a half ago, Nawy Shares initiated collaboration with all relevant technical and legal departments within the FRA to identify the regulatory, legislative, and legal requirements necessary to govern the company’s business models.
The company commends the FRA’s efforts to regulate its fractional real estate investment models under a disciplined and well-established regulatory framework, ensuring the protection of individual beneficiaries and investors in general.
Today’s announcement by the FRA marks the culmination of these joint efforts and represents a significant step in building a promising investment sector founded on strong legal and regulatory foundations.
The FRA stated: “The positive response from the companies applying reflects a growing awareness of the importance of adhering to legal frameworks and a clear desire to operate under a regulated umbrella, which protects the rights of all stakeholders and enhances market stability.”
Nawy Shares emphasizes that this recognition from the FRA is a testament to its commitment from day one to following a sound legal and regulatory approach and diligently working to establish an innovative and reliable investment model.
Ayman Magdy, Managing Director of Nawy Shares, stated: “At Nawy Shares, we are proud to be at the forefront of this transformation. We started this journey with an idea, and today we see it transformed into reality and actual regulation. From concept to implementation, our vision has always been to empower individuals to invest in real estate in a smart and safe way. We are excited to continue this journey under a clear regulatory umbrella that protects investor rights and enhances market confidence.”