{"id":649244,"date":"2017-04-26T04:01:19","date_gmt":"2017-04-26T04:01:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/26\/efsa-allows-real-estate-companies-to-swap-shares-in-real-estate-funds\/"},"modified":"2017-04-26T04:01:19","modified_gmt":"2017-04-26T04:01:19","slug":"efsa-allows-real-estate-companies-to-swap-shares-in-real-estate-funds","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/26\/efsa-allows-real-estate-companies-to-swap-shares-in-real-estate-funds\/","title":{"rendered":"EFSA allows real estate companies to swap shares in real estate funds"},"content":{"rendered":"<p>The Egyptian Financial Supervisory Authority issued amendments governing subscriptions to real estate funds that would allow real estate companies to trade in shares of their company or properties for shares in real estate funds in an initial public offering, EFSA chief Sherif Samy said. Companies which subscribe to a real estate fund through their own shares must hold its traded stocks in the fund for a minimum of two years before selling them, according to an <a href=\"http:\/\/www.efsa.gov.eg\/content\/efsa_ar\/efsa_news\/efsa_559.htm\">EFSA statement<\/a>. The regulator lifted the cap in place on subscription in these funds through real estate shares, allowing the fund\u2019s board to determine the limit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Egyptian Financial Supervisory Authority issued amendments governing subscriptions to real estate funds that would allow real estate companies to trade in shares of their company or properties for shares in real estate funds in an initial public offering, EFSA chief Sherif Samy said. Companies which subscribe to a real estate fund through their own [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9304],"tags":[72,2402],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-649244","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-enterpriseam","tag-real-estate-housing","wpautop","entry"],"acf":{"mongo_id":"65085494-d33b-4959-a5f6-8d7321d15d5c","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[649212],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EFSA allows real estate companies to swap shares in real estate funds - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/26\/efsa-allows-real-estate-companies-to-swap-shares-in-real-estate-funds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EFSA allows real estate companies to swap shares in real estate funds\" \/>\n<meta property=\"og:description\" content=\"The Egyptian Financial Supervisory Authority issued amendments governing subscriptions to real estate funds that would allow real estate companies to trade in shares of their company or properties for shares in real estate funds in an initial public offering, EFSA chief Sherif Samy said. Companies which subscribe to a real estate fund through their own [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/26\/efsa-allows-real-estate-companies-to-swap-shares-in-real-estate-funds\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-04-26T04:01:19+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/26\/efsa-allows-real-estate-companies-to-swap-shares-in-real-estate-funds\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/26\/efsa-allows-real-estate-companies-to-swap-shares-in-real-estate-funds\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EFSA allows real estate companies to swap shares in real estate funds\",\"datePublished\":\"2017-04-26T04:01:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/26\/efsa-allows-real-estate-companies-to-swap-shares-in-real-estate-funds\/\"},\"wordCount\":115,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Real Estate + Housing\"],\"articleSection\":[\"Real Estate + Housing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/26\/efsa-allows-real-estate-companies-to-swap-shares-in-real-estate-funds\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/26\/efsa-allows-real-estate-companies-to-swap-shares-in-real-estate-funds\/\",\"name\":\"EFSA allows real estate companies to swap shares in real estate funds - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-04-26T04:01:19+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/26\/efsa-allows-real-estate-companies-to-swap-shares-in-real-estate-funds\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/26\/efsa-allows-real-estate-companies-to-swap-shares-in-real-estate-funds\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/26\/efsa-allows-real-estate-companies-to-swap-shares-in-real-estate-funds\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EFSA allows real estate companies to swap shares in real estate funds\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"EFSA allows real estate companies to swap shares in real estate funds - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/26\/efsa-allows-real-estate-companies-to-swap-shares-in-real-estate-funds\/","og_locale":"en_US","og_type":"article","og_title":"EFSA allows real estate companies to swap shares in real estate funds","og_description":"The Egyptian Financial Supervisory Authority issued amendments governing subscriptions to real estate funds that would allow real estate companies to trade in shares of their company or properties for shares in real estate funds in an initial public offering, EFSA chief Sherif Samy said. Companies which subscribe to a real estate fund through their own [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/26\/efsa-allows-real-estate-companies-to-swap-shares-in-real-estate-funds\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-04-26T04:01:19+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/26\/efsa-allows-real-estate-companies-to-swap-shares-in-real-estate-funds\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/26\/efsa-allows-real-estate-companies-to-swap-shares-in-real-estate-funds\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"EFSA allows real estate companies to swap shares in real estate funds","datePublished":"2017-04-26T04:01:19+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/26\/efsa-allows-real-estate-companies-to-swap-shares-in-real-estate-funds\/"},"wordCount":115,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","Real Estate + Housing"],"articleSection":["Real Estate + Housing"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/26\/efsa-allows-real-estate-companies-to-swap-shares-in-real-estate-funds\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/26\/efsa-allows-real-estate-companies-to-swap-shares-in-real-estate-funds\/","name":"EFSA allows real estate companies to swap shares in real estate funds - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2017-04-26T04:01:19+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/26\/efsa-allows-real-estate-companies-to-swap-shares-in-real-estate-funds\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/04\/26\/efsa-allows-real-estate-companies-to-swap-shares-in-real-estate-funds\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/26\/efsa-allows-real-estate-companies-to-swap-shares-in-real-estate-funds\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"EFSA allows real estate companies to swap shares in real estate funds"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":636842,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/01\/efsa-eases-restrictions-on-investment-funds\/","url_meta":{"origin":649244,"position":0},"title":"EFSA eases restrictions on investment funds","author":"enterpriseam admin","date":"1 November 2017","format":false,"excerpt":"The Egyptian Financial Supervisory Authority (EFSA) ratified amendments to the executive regulations of the Capital Markets Act that govern investment funds, Al Borsa reports. Funds will now be allowed to settle up to 15% of their daily transactions on the EGX under the intraday trading system (T+0). Real estate funds\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574432,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/09\/cabinet-greenlights-far-reaching-changes-to-capital-market-act-regs\/","url_meta":{"origin":649244,"position":1},"title":"Cabinet greenlights far-reaching changes to Capital Market Act regs","author":"enterpriseam admin","date":"9 September 2020","format":false,"excerpt":"REGULATION WATCH- Changes to MTO rules, how real estate funds operate and guidance on sukuk are highlights of sweeping changes to CMA regs: Regulations governing real estate funds and mandatory tender offers are set to change after the Madbouly Cabinet yesterday approved legislative amendments to the Capital Markets Act, head\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/116.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":590810,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/26\/dubai-takeover-of-pachin-is-complete-plus-a-real-estate-merger-in-the-works\/","url_meta":{"origin":649244,"position":2},"title":"Dubai takeover of Pachin is complete. PLUS: A real estate merger in the works?","author":"enterpriseam admin","date":"26 July 2023","format":false,"excerpt":"The Dubai-based company purchased the remaining 20% of Pachin owned by state entities","rel":"","context":"In &quot;Privatization&quot;","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/1040.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":559809,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/04\/misr-capital-is-setting-up-an-egp-500-mn-real-estate-investment-fund\/","url_meta":{"origin":649244,"position":3},"title":"Misr Capital is setting up an EGP 500 mn real estate investment fund","author":"enterpriseam admin","date":"4 February 2021","format":false,"excerpt":"Misr Capital plans to set up a EGP 500 mn real estate investment fund, according to Hapi Journal, citing sources familiar with the matter. The Banque Misr subsidiary has submitted to the Financial Regulatory Authority (FRA) the incorporation documents for the company, which will invest directly in real estate assets,\u2026","rel":"","context":"In &quot;Finance&quot;","block_context":{"text":"Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":571405,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/11\/fra-approves-pioneers-holdings-five-way-mto\/","url_meta":{"origin":649244,"position":4},"title":"FRA approves Pioneers Holdings\u2019 five-way MTO","author":"enterpriseam admin","date":"11 May 2020","format":false,"excerpt":"M&A WATCH- FRA approves Pioneers Holding\u2019s acquisition of five of its subsidiaries shares: The Financial Regulatory Authority has approved Pioneers Holding non-cash mandatory tender offers to increase its share to 90% in five of its EGX-listed subsidiary companies, according to an EGX disclosure. The five companies include two real estate\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":653105,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/29\/efsa-issues-real-estate-valuation-guidelines\/","url_meta":{"origin":649244,"position":5},"title":"EFSA issues real estate valuation guidelines","author":"enterpriseam admin","date":"29 January 2017","format":false,"excerpt":"The Egyptian Financial Supervisory Authority (EFSA) has issued its first guidelines for the Egyptian real estate valuation standards. EFSA says the standards aim to improve valuations and fair value assessments. Chairman Sherif Samy said the standards adopted global best practices and will now be adopted by financial market participants.","rel":"","context":"In &quot;Legislation + Policy&quot;","block_context":{"text":"Legislation + Policy","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-policy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/649244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=649244"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/649244\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/649212"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=649244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=649244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=649244"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=649244"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=649244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}