The Misr for Financial Investments – First Issuance Fund, launched by Synergy Capital through its asset-management arm Misr for Financial Investments (MFIC) in partnership with Nawy Now, was successfully oversubscribed and closed early after raising EGP 443mn within ten days of launch, Invest-Gate reports.
The fund marks a major milestone for Egypt’s financial sector as the country and the Middle East’s first transferable-assets fund dedicated to acquiring debt instruments backed by Ijarah-Mortgage portfolios. It also represents the first direct participation of qualified individual investors alongside leading financial institutions, with retail investors accounting for 22% of total subscriptions. Structured under FRA Decree No. 98/2020, the fund introduces an innovative framework that enhances liquidity, transparency, and access to high-yield fixed-income opportunities.
The achievement highlights investor confidence in structured-finance instruments and reflects the Financial Regulatory Authority’s progressive vision to strengthen Egypt’s non-bank financial markets.
Mr. Mohamed Seddiek, Founder of Synergy Capital and Managing Director of MFIC, said the rapid full subscription marks “a turning point for Egypt’s financial markets,” making mortgage-backed structures accessible to individual investors and transforming them into a democratized investment class.
Ms. Mona Shalaby, Co-Founder of Synergy Capital and Head of Investment Banking, described the milestone as “a testament to collaboration between innovation and regulatory openness,” noting that it sets a model for delivering transparent, high-value financial products that attract both institutional and retail investors.
Mr. Amr Malek, CFO of Nawy, said the fund shows how a Proptech platform like Nawy can bridge real estate and capital markets to deliver sustainable investment opportunities that “position Egypt at the forefront of financial transformation in the Middle East.”
Mr. Omar El Barouny, Managing Director of Nawy Now, added that the initiative reinforces Egypt’s status as a financial innovation hub by creating a scalable model that enhances liquidity and builds investor trust.
The EGP 443mn fund was backed by cornerstone investors including Al Baraka Bank, Allianz Life Insurance – Egypt, Misr Insurance Holding, Misr Insurance for Property & Casualty, Mohandes Insurance, Suez Life Insurance, and Garhy Group for Investment & Development, alongside select high-net-worth investors. Banque Misr served as custodian, Misr Insurance for Property and Casualty as insurer, and ALC – Alieldean Weshahi & Partners as legal advisor.
An independent supervisory committee comprising Mr. Sherif Wahdan, Founder of East Coast Investments, and Mr. Ahmed Ata, CEO of Saudi Egyptian Industrial Investment, oversees the fund. Enabled under the FRA’s transferable-assets framework, the issuance sets the foundation for future structured-finance products across Egypt’s growing non-bank financial sector.