Synergy Capital, through its asset-management arm Misr for Financial Investments (MFIC), in partnership with Nawy Now, announced the successful oversubscription and early close of the Misr for Financial Investments – First Issuance Fund. It raised EGP 443 million within ten days of launch.
Nawy Now, a subsidiary of Nawy, and licensed by Egypt’s Financial Regulatory Authority (FRA). It provides innovative mortgage solutions with rapid approvals and flexible payment structures for ready-to-move homes, effectively bridging Egypt’s real estate and capital markets.
Landmark Moment for Egypt’s Capital Markets
The fund’s strong investor demand marks multiple firsts:
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First transferable-assets fund in Egypt and the Middle East focused on Ijarah-Mortgage portfolios.
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Retail participation: Qualified individual investors represented 22% of total subscriptions alongside leading financial institutions.
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Structured under FRA Decree No. 98/2020, the fund introduces a framework that unlocks liquidity, enhances transparency, and expands access to high-yield fixed-income opportunities.
This achievement reflects investor confidence in structured finance instruments and highlights the FRA’s progressive regulatory vision for Egypt’s non-bank financial sector.
Leadership Commentary
Mohamed Seddiek, Founder of Synergy Capital and MD of MFIC:
“Achieving full subscription in ten days marks a turning point. MFIC & Nawy Now have made mortgage-backed structures accessible to qualified individual investors, democratizing an institutional domain.”
Mona Shalaby, Co-Founder of Synergy Capital and Head of Investment Banking:
“This milestone demonstrates how MFIC & Nawy Now’s innovative structuring, combined with regulatory openness, delivers transparent, high-value financial products.”
Amr Malek, CFO of Nawy:
“This fund proves that when innovation meets experience and a bold regulator, new opportunities emerge. It demonstrates how a Proptech platform like Nawy can directly shape financial innovation by bridging real estate with capital markets to deliver sustainable investment opportunities that position Egypt at the forefront of financial transformation in the Middle East.”
Omar El Barouny, Managing Director of Nawy Now:
“This step strengthens Egypt’s position as a financial innovation hub by creating a scalable model that enhances liquidity and delivers transparent high-yield opportunities to investors. It reinforces our deep belief in the Nawy Now model, which is built to redefine how capital flows into real estate, aligning long-term value creation with investor trust.”
Key Highlights
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First-to-Market: MFIC & Nawy Now launched Egypt & the Middle East’s first transferable-assets Ijarah-Mortgage fund.
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Oversubscribed in Record Time: EGP 443 million raised in 10 days.
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Broadened Investor Base: Direct access for qualified retail investors.
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Institutional Strength: Backed by 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.
Governance & Oversight
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Custodian: Banque Misr
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Insurer: Misr Insurance for Property and Casualty
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Legal Advisor: ALC – Alieldean Weshahi & Partners
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Independent Supervisory Committee:
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Sherif Wahdan, Founder of East Coast Investments
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Ahmed Ata, CEO of Saudi Egyptian Industrial Investment
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Regulatory Innovation
Enabled under the FRA’s visionary framework for transferable assets funds, this issuance sets a foundation for future investment vehicles linked to structured-finance products across Egypt’s evolving non-bank financial sector.
About Synergy Capital
Synergy Capital is a diversified investment group providing financial advisory, investment banking, and asset management services. The firm is committed to introducing innovative, transparent structures that strengthen Egypt’s capital markets and expand investor access across asset classes.
About Nawy Now
Nawy Now, an FRA-licensed mortgage company under Nawy, offers a full-service home-buying platform combining ready-to-move inventory with tailored installment solutions and seamless execution.
