In a landmark move for the Egyptian financial sector, CI Capital (CICH.CA) and Talaat Moustafa Group (TMG) have officially announced the launch of the Awa’ed Real Estate Investment Fund. With a total size of approximately EGP 8 billion, the fund stands as the first and largest institutional real estate investment vehicle in the country.
Bridging Capital Markets and Real Estate
The Awa’ed Fund introduces a first-of-its-kind investment platform designed to bridge the gap between traditional real estate and modern capital markets. This high-quality institutional product offers investors:
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Long-term value creation through premium asset exposure.
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Resilient income streams via income-generating commercial units.
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Capital appreciation through the strategic development and sale of prime land plots.
Leadership Perspectives on Market Transformation
Mahmoud Attallah, Group Executive Vice Chairman and Managing Director of CI Capital Holding, highlighted the strategic importance of the launch:
“We view Awa’ed as a strategic platform to broaden investment products in Egypt. It provides institutional access to real estate within a strong governance framework, reflecting the market’s maturity in adopting advanced investment vehicles.”
Hesham Gohar, Group CEO of CI Capital, emphasized the synergy between the two giants:
“By combining TMG’s development expertise with CI Capital’s investment capabilities, we are creating a vehicle that delivers long-term value and strengthens the country’s institutional real estate ecosystem.”
A Powerhouse Collaboration: TMG & CI Capital
This flagship cooperation leverages the massive strengths of two market leaders:
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Talaat Moustafa Group (TMG): Over 50 years of experience, 130,000+ units delivered, and 5 integrated cities housing 1.5 million residents.
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CI Capital: A leading financial services platform with a track record of over $17 billion in advised transactions across 100+ deals.
Disciplined Management and Operations
CI Capital’s Private Equity arm serves as the Fund Manager, overseeing active portfolio management and asset performance. To ensure sustainable returns, the Fund Manager has partnered with The Arab Company for Projects and Urban Development (a TMG subsidiary) to handle the specialized development and sale of the fund’s assets.
Record-Breaking Demand and Regulatory Support
The fund’s closing was met with extraordinary market appetite:
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Oversubscribed in one day: Reflecting deep confidence from banks, insurance companies, and financial institutions.
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FRA Regulated: The fund operates under the Financial Regulatory Authority, ensuring an innovative, self-liquidating structure.
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Attractive Returns: Offers semi-annual distributions and risk-adjusted returns, setting a new benchmark for the Egyptian market.
Amr Helal, CEO of Sell-side Investment Bank at CI Capital, noted:
“This transaction underscores CI Capital’s role in connecting high-quality investment opportunities with institutional capital, seamlessly executing complex transactions that create real value.”
Role of CI Capital Investment Banking
CI Capital’s Investment Banking division played a comprehensive role in the transaction, acting as:
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Sole Global Coordinator
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Bookrunner
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Lead Financial Advisor to the Fund
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Exclusive Financial Advisor to Talaat Moustafa Group
