Synergy Capital and Nawy Now Announce Full Subscription Coverage for Egypt’s First Asset-Backed Securitization Fund Using Ijara-Based Mortgage Portfolios
he EGP 443 Million Fund Closes Within Just Ten Days, Marking a Milestone in the Evolution of Egypt’s Non-Banking Financial Market
Synergy Capital, through its asset management arm Misr for Financial Investments Company (MFIC), in partnership with Nawy Now, announced the early closure and full subscription coverage of Misr for Financial Investments Fund – First Issuance, with a total issuance size of EGP 443 million, completed within only ten days of opening the subscription window.
Nawy Now, a subsidiary of Nawy and licensed by the Financial Regulatory Authority (FRA), is an innovative mortgage financing platform that provides fast and flexible financing solutions for ready-to-move properties—bridging Egypt’s real estate sector with capital markets through innovation and sustainability.
A Milestone in Egypt’s Capital Market Development
The first asset-backed securitization fund in Egypt and the Middle East dedicated to acquiring debt instruments backed by Ijara-based mortgage portfolios.
The first direct offering to qualified individual investors alongside institutional investors, with individuals accounting for 22% of the total subscriptions.
A unique structure designed in line with FRA Decision No. 98/2020, enhancing liquidity, transparency, and investor access to high-yield fixed-income instruments.
This achievement reflects growing investor confidence in alternative financing tools and underscores the FRA’s progressive vision in fostering innovation within Egypt’s non-banking financial sector.
Executive Statements
Mohamed Seddik, Founder of Synergy Capital and Managing Director of MFIC, stated
“Achieving full subscription coverage within just ten days marks a turning point for Egypt’s capital markets. For the first time, innovative financing tools backed by Ijara-based mortgage portfolios are accessible to qualified retail investors—cementing the principle of democratized access to high-yield investment products. This success highlights our team’s commitment and the FRA’s support for genuine financial innovation.
Mona Shalaby, Co-Founder and Head of Investment Banking at Synergy Capital, added
“This milestone demonstrates the power of collaboration between regulatory innovation and modern financial structuring. It sets a model for developing diversified financial products that attract both institutional and individual investors.”
Amr Malek, Chief Financial Officer of Nawy, commented
“This fund is a practical example of how innovation, combined with regulatory sophistication, creates real growth opportunities. It shows how proptech can fuel financial innovation by linking real estate to capital markets and offering sustainable investment opportunities that strengthen Egypt’s position as a regional hub for financial transformation.”
Omar Barony, Managing Director of Nawy Now, noted
“This initiative reinforces Egypt’s leadership as a regional center for financial innovation, offering a scalable model that boosts liquidity and provides transparent, fixed-return investment opportunities. It also embodies Nawy Now’s vision of redefining capital flows within real estate through investor confidence and long-term value creation.”
Key Highlights of the Issuance
Regional First: The first asset-backed securitization fund supported by Ijara-based mortgage portfolios in Egypt and the Middle East.
Record Coverage: Full subscription coverage of EGP 443 million achieved in just ten days.
Expanded Investor Base: Investments open to both institutions and qualified individuals in secured, income-generating financial instruments.
Institutional Strength: Backed by major financial entities including Al Baraka Bank – Egypt, Allianz Life Insurance – Egypt, Misr Insurance Holding, Misr Insurance Company, Mohandes Insurance, Suez Canal Life Insurance, and El Garhy Investment & Development Group, along with high-net-worth individual investors.
Structure and Governance
Custodian: Bank Misr
Insurer: Misr Insurance for Property and Liability
Legal Advisor: Alieddin, Weshahi & Partners (ALC)
Independent Oversight Committee: Sherif Wahdan – Founder, East Coast Investments; Ahmed Atta – CEO, Egyptian-Saudi Industrial Investment Company.
Regulatory Innovation and Forward Vision
This issuance was launched under the pioneering regulatory framework set by the Financial Regulatory Authority (FRA) for securitization funds, paving the way for new investment products based on non-traditional financing instruments.
