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 \u2013 First Issuance Fund. It raised EGP 443 million within ten days of launch.<\/p>\n
Nawy Now, a subsidiary of Nawy, and licensed by Egypt\u2019s Financial Regulatory Authority (FRA). It provides innovative mortgage solutions with rapid approvals and flexible payment structures for ready-to-move homes, effectively bridging Egypt\u2019s real estate and capital markets.<\/p>\n
The fund\u2019s strong investor demand marks multiple firsts:<\/p>\n
First transferable-assets fund<\/strong> in Egypt and the Middle East focused on Ijarah-Mortgage portfolios.<\/p>\n<\/li>\n Retail participation:<\/strong> Qualified individual investors represented 22%<\/strong> of total subscriptions alongside leading financial institutions.<\/p>\n<\/li>\n Structured under FRA Decree No. 98\/2020<\/strong>, the fund introduces a framework that unlocks liquidity, enhances transparency, and expands access to high-yield fixed-income opportunities.<\/p>\n<\/li>\n<\/ul>\n This achievement reflects investor confidence in structured finance instruments and highlights the FRA\u2019s progressive regulatory vision for Egypt\u2019s non-bank financial sector.<\/p>\n Mohamed Seddiek<\/strong>, Founder of Synergy Capital and MD of MFIC:<\/p>\n \u201cAchieving 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.\u201d<\/p>\n Mona Shalaby,<\/strong> Co-Founder of Synergy Capital and Head of Investment Banking:<\/p>\n \u201cThis milestone demonstrates how MFIC & Nawy Now\u2019s innovative structuring, combined with regulatory openness, delivers transparent, high-value financial products.\u201d<\/p>\n Amr Malek, CFO of Nawy:<\/strong><\/p>\n \u201cThis 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.\u201d<\/p>\n Omar El Barouny, Managing Director of Nawy Now:<\/strong><\/p>\n \u201cThis step strengthens Egypt\u2019s 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.\u201d<\/p>\n Learn about Nawy Now<\/span><\/a><\/p>\n First-to-Market:<\/strong> MFIC & Nawy Now launched Egypt & the Middle East\u2019s first transferable-assets Ijarah-Mortgage fund.<\/p>\n<\/li>\n Oversubscribed in Record Time:<\/strong> EGP 443 million raised in 10 days.<\/p>\n<\/li>\n Broadened Investor Base:<\/strong> Direct access for qualified retail investors.<\/p>\n<\/li>\n Institutional Strength:<\/strong> Backed by Al Baraka Bank, Allianz Life Insurance \u2013 Egypt, Misr Insurance Holding, Misr Insurance for Property & Casualty, Mohandes Insurance, Suez Life Insurance, and Garhy Group for Investment & Development.<\/p>\n<\/li>\n<\/ul>\n Custodian:<\/strong> Banque Misr<\/p>\n<\/li>\n Insurer:<\/strong> Misr Insurance for Property and Casualty<\/p>\n<\/li>\n Legal Advisor:<\/strong> ALC \u2013 Alieldean Weshahi & Partners<\/p>\n<\/li>\n Independent Supervisory Committee:<\/strong><\/p>\n Sherif Wahdan, Founder of East Coast Investments<\/p>\n<\/li>\n Ahmed Ata, CEO of Saudi Egyptian Industrial Investment<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n Read In: <\/strong><\/p>\n Learn About Nawy Now & Mortgage Finance Fund<\/a><\/p><\/blockquote>\nLeadership Commentary<\/strong><\/h3>\n
Key Highlights<\/strong><\/h2>\n
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Governance & Oversight<\/strong><\/h3>\n
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