Emtelaak Investment announced that it has obtained approval from the Financial Regulatory Authority (FRA) to establish Emtelaak for Underwriting and Management of Real Estate Investment Funds, chaired by Waleed Shaarawy. The new company will be responsible for managing and underwriting real estate investment funds. This approval follows an earlier step in November 2025, when the group received FRA approval to establish the Emtelaak Real Estate Investment Fund, chaired by Magdy Al Yamany. Shaarawy said the new company aims to support the growth of institutional real estate investment in Egypt. Al Yamany noted that the real estate investment fund will operate under asset management standards applied in investment funds, providing both individual and institutional investors with a vehicle to invest in income-generating real estate assets.

Source: Daily News Egypt March 08, 2026 18:27 UTC