Azimut, MNT-Halan are setting up a real estate investment fund: Asset manager Azimut and fintech player MNT-Halan are awaiting the green light from the Financial Regulatory Authority to launch their real estate investment fund, with an initial capital of EGP 250 mn, Azimut Managing Director Ahmed Abou El Saad told EnterpriseAM. Abou El Saad expects the fund to go live in 2Q 2025. The two players have plans to boost the fund’s capital to EGP 2 bn within two years, he told us.

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More in the pipeline for Azimut: The asset manager is looking to launch two other investment funds this year, the managing director said.

What’s new about this fund? The fund will be open to both retail and institutional investors while offering greater flexibility for unit holders in terms of liquidation and transferability — without being listed on the EGX, Abou El Saad explained to us. This structure is designed to make the fund accessible to a wider range of investors.

Azimut’s fixed income fund Maashy AZ will increase its capital to EGP 300 mn to take advantage of recent regulatory changes allowing private pension funds to invest more in equities, Abou El Saad told us. The fund’s founding entities include the Suez Canal Authority employees fund, the Judicial Authorities employees’ fund, and the Ezz Dekheila employees’ fund.

The capital hike comes in response to new FRA regulations introduced in January, which increased the maximum allocation for private pension funds in open-ended investment funds and publicly traded stocks.

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