Key Takeaways
- • Barakat, Maher & Partners, in association with Clyde & Co, advised the Egypt Multi-Issuance Real Estate Investment Fund on a second issuance targeting EGP 2.3 billion, comprising 23 million certificates at EGP 100 nominal value each.
- • The private placement achieved full subscription of 22.45 million certificates, generating EGP 2.245 billion in committed capital from qualified institutional investors, demonstrating strong demand for Egyptian real estate investment vehicles.
- • The Financial Regulatory Authority (FRA) granted final approval for the issuance on 21 June 2026, enabling the transaction to close for the Banque Misr subsidiary fund.
- • Mostafa El-Sakka, Partner and Head of Capital Markets at the Cairo office, led the legal advisory team, supported by associates Walid Enany, Omar Mahmoud, and Hana El-Helbawy.
- • The transaction underscores the Clyde & Co–Barakat, Maher & Partners association's growing prominence in Egyptian capital markets, particularly in real estate fund structuring and securities offerings.
Summary
Barakat, Maher & Partners, in association with Clyde & Co, successfully advised the Egypt Multi-Issuance Real Estate Investment Fund on the private placement of its second issuance, targeting EGP 2.3 billion. The offering comprised 23 million certificates, each with a nominal value of EGP 100. The fund, a subsidiary of Banque Misr, operates under Egypt's Capital Market Law No. 95 of 1992 and is regulated by the Financial Regulatory Authority.
The placement demonstrated robust institutional demand, with 22.45 million certificates fully subscribed, equating to EGP 2.245 billion in committed capital from qualified investors. This strong uptake reflects growing confidence among financial institutions in real estate investment funds within the Egyptian market. The FRA issued its final approval for the second issuance on 21 June 2026, clearing the transaction to proceed.
The capital markets team, led by Partner and Head of Capital Markets Mostafa El-Sakka, executed the advisory mandate with support from associates Walid Enany, Omar Mahmoud, and Hana El-Helbawy. This engagement exemplifies the strategic positioning of the Clyde & Co–Barakat, Maher & Partners association in Egypt's institutional capital markets, particularly in real estate fund offerings and securities issuances. The fund is recognized as among the pioneering real estate investment fund companies in the Egyptian market, reinforcing the legal team's track record in landmark transactions within the sector.
The placement demonstrated robust institutional demand, with 22.45 million certificates fully subscribed, equating to EGP 2.245 billion in committed capital from qualified investors. This strong uptake reflects growing confidence among financial institutions in real estate investment funds within the Egyptian market. The FRA issued its final approval for the second issuance on 21 June 2026, clearing the transaction to proceed.
The capital markets team, led by Partner and Head of Capital Markets Mostafa El-Sakka, executed the advisory mandate with support from associates Walid Enany, Omar Mahmoud, and Hana El-Helbawy. This engagement exemplifies the strategic positioning of the Clyde & Co–Barakat, Maher & Partners association in Egypt's institutional capital markets, particularly in real estate fund offerings and securities issuances. The fund is recognized as among the pioneering real estate investment fund companies in the Egyptian market, reinforcing the legal team's track record in landmark transactions within the sector.
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