Latest news with #Nawy
Zawya
4 hours ago
- Business
- Zawya
'Nawy Shares' leads the transformation towards regulating fractional real estate investment in Egypt
In light of the recent statement issued by the Financial Regulatory Authority (FRA) regarding the initiation of concrete steps by several digital platforms specializing in fractional real estate investment to establish investment funds and obtain the necessary licenses for underwriting and promotion activities, Nawy Shares proudly affirms its position as the first entity to champion this regulatory path forward under the leadership and supervision of the FRA. Nawy Shares is the fractional investment arm of Nawy, Egypt's leading real estate platform. It was launched to provide flexible and secure investment opportunities in the real estate market, enabling individuals to own shares in real estate units thus promoting financial inclusion and expanding access to real estate investment. Nawy Shares extends its sincere appreciation to the Financial Regulatory Authority for its pioneering efforts in regulating Egypt's non-banking financial sector, its commitment to protecting investors, and its dedication to reinforcing principles of transparency and trust in this vital industry. For over a year and a half, Nawy Shares has worked closely with the FRA's technical and legal departments to understand the legislative and regulatory requirements needed to formalize its business model. We commend the Authority's diligent work in establishing a clear and robust regulatory framework for fractional real estate investment models one that ensures investor protection and long-term sector growth. The Authority's announcement today marks a significant milestone and a culmination of collaborative efforts, laying the groundwork for a promising and well-regulated investment sector. In its official statement, the FRA noted: 'The positive response from the applying companies reflects a growing awareness of the importance of adhering to legal frameworks and a clear desire to operate under an organized regulatory umbrella that safeguards all parties and contributes to market stability.' Nawy Shares considers this recognition from the Authority a testament to its unwavering commitment, from day one, to legal compliance and regulatory alignment and to building a reliable, innovative investment model. Ayman Magdy, Managing Director of Nawy Shares, commented: 'At Nawy Shares, we are proud to be at the forefront of this transformation. What began as an idea has now become a tangible, regulated reality. From concept to execution, our vision has always been to empower individuals to invest in real estate in a smart and secure way. We are excited to continue this journey under a clear regulatory framework that protects investors and enhances market confidence.' Nawy Shares is proud to be one of the first platforms to officially submit a request to establish a real estate investment fund and obtain the necessary licenses a move that reflects its deep commitment to operating within a sustainable and legally sound environment. Nawy Shares looks forward to continue collaboration with the Financial Regulatory Authority and all stakeholders to grow and support this innovative investment model, offering secure, accessible, and forward-looking opportunities tailored to the needs of Egyptian investors.
Zawya
12 hours ago
- Business
- Zawya
Egypt: Three real estate platforms seek FRA licensing for investment funds
Egypt - The Financial Regulatory Authority (FRA) announced that three real estate share-selling platforms—Nawy, SAFE (a subsidiary of Madinet Masr for Housing and Development), and Saqr, the owner of Farida—have formally initiated procedures to regularise their operations under Egypt's non-banking financial framework. Each platform has begun establishing two entities: one to launch a real estate investment fund, and another to obtain the necessary licences for promotion, underwriting, and fund management activities. In a statement, the FRA reaffirmed its commitment to supporting innovative startups and entrepreneurs, as part of its broader strategy to foster financial market stability and protect all stakeholders. The announcement follows a series of recent consultations between the authority and representatives from the real estate development sector and digital platforms offering fractional real estate sales to the public. During these meetings, the FRA outlined its regulatory vision for the sector, noting that the real estate fund model provides the most appropriate legal and operational framework for these platforms. This approach supports greater transparency, investor protection, and structured capital mobilisation, while helping diversify funding sources in the property market. The authority emphasised that the move comes as part of a wider initiative launched to enhance discipline and legal compliance in non-banking financial markets. This initiative was prompted by the FRA's monitoring of online platforms and social media pages inviting public investments in real estate shares or offering non-banking financial services without proper authorisation, in violation of financial regulations. In response, the FRA initiated a dialogue with several of these platforms, holding technical and legal workshops to explain the required regulatory and legislative standards. These efforts resulted in the current wave of voluntary compliance and licensing requests. The authority has also begun publishing a regularly updated 'negative list' of unlicensed platforms and services operating outside the law. The FRA welcomed the constructive response from these companies, viewing it as a clear sign of growing awareness about the importance of legal compliance and the benefits of operating under a well-regulated framework. Such compliance, it noted, is critical for ensuring transparent, secure, and trustworthy services that protect investors and support market integrity. The authority concluded by reiterating its commitment to an open-door policy for any company seeking to validate or regularise its business model. It encouraged further engagement with the FRA to support the ongoing development of Egypt's non-banking financial sector, especially in innovative and fast-evolving areas like digital real estate investment. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
CairoScene
2 days ago
- Business
- CairoScene
Egypt Leads MENA Startups as Region Raises $289 Million in May Funding
The UAE followed with $86.7 million raised across 14 deals, according to the Wamda report. Startups in the MENA region raised $289 million across 44 deals in May 2025, reflecting a 25% increase from April and a 2% year-on-year rise, according to a report by Wamda. The majority of this funding came through equity investments, with debt financing accounting for 9% of the total amount. Egypt emerged as the region's leading startup ecosystem for the month, driven by Nawy's $75 million round. Seven other Egyptian startups collectively raised $50 million, bringing the country's total to levels last seen in July 2024. The UAE followed with $86.7 million raised across 14 deals, while Saudi Arabia saw $69 million in funding through 15 deals. Kuwait made a return to the investment landscape with two startups securing a combined $6 million. Despite growing media attention and high-profile announcements, artificial intelligence startups in the Gulf attracted only $25 million across two deals. Fintech remained the most funded sector, with $86.5 million raised across 14 rounds. Proptech followed, buoyed by Nawy's raise, while mediatech startups secured $32 million. The ConTech sector also saw a notable boost, with WakeCap bringing in $28 million. The majority of the funding activity was concentrated in early-stage rounds, which totaled $161 million. Late-stage activity remained limited, with only one pre-Series C round recorded at $12 million. Business-to-business (B2B) startups led by model, accounting for $157 million raised from 29 deals. Hybrid B2B/B2C startups attracted $79 million, while business-to-consumer (B2C) startups trailed with $53 million raised by nine companies. A pronounced gender disparity in funding distribution continued. Startups founded exclusively by men captured 82% of the total capital, while mixed-gender teams received 11%. Startups founded solely by women secured just 7% of the month's total funding.
Zawya
2 days ago
- Business
- Zawya
Egyptian startups secure $228mln in funding in 5 months
Arab Finance: Egypt's startup ecosystem has seen significant growth in attracting venture capital and debt financing, with investments reaching $228 million from January to May 2025, according to the Ministerial Group for Entrepreneurship. This represents a 130% increase over the same period in 2024. The group reported 16 deals executed during the first five months of the year, 11 of which involved investments totaling $156 million. Additionally, two startups, Nawy and MNT-Halan, secured substantial debt financing, receiving $23 million and $49 million, respectively. In addition to funding, Egypt's startup sector has seen notable exit and acquisition activity, including Dubizzle's acquisition of the online car trading platform Hatla2ee and MaxAB-Wasoko's acquisition of Fatora. The proptech sector led in terms of investment volume, contributing to 33% of total funding, while the fintech sector dominated in deal volume with five transactions, accounting for 32% of the total investment. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
2 days ago
- Business
- Zawya
Egypt's startup funding surges 130% to $228mln in January-May
Cairo: Egypt's startup sector attracted 228 million U.S. dollars in funding from January to May, marking a 130-percent increase compared to the same period last year, the Egyptian government said on Sunday. A total of 16 deals were executed during the five-month period, including 11 with disclosed investment volumes totaling 156 million U.S. dollars. Additionally, real estate startup "Nawy" and fintech company "MNT-Halan" secured debt financing worth 23 million and 49 million dollars, respectively, the Ministry of Planning, Economic Development and International Cooperation said in a statement. "These indicators reflect the continuous activity in Egypt's startup market, particularly with the measures taken by the state to improve the investment climate and business environment," said Rania Al-Mashat, minister of Planning, Economic Development and International Cooperation and head of the Ministerial Group for Entrepreneurship. She added that the government had taken significant steps to empower startups and enhance their ability to attract larger investments, "notably including tax incentives for companies with revenues less than 20 million Egyptian pounds (about 400,000 U.S. dollars)." The property technology sector led in terms of venture capital investment volume, accounting for 33 percent of total investments, while the financial technology sector led in the number of deals, with five transactions representing 32 percent of the overall investment, the ministry noted. The Ministerial Group for Entrepreneurship was launched in September 2024 to foster Egypt's startup environment through policy coordination, funding initiatives, and new proposals aimed at supporting early-stage companies, according to the statement. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
