Egyptian fintech giant MNT-Halan has announced the launch of the Halan AZ Real Estate Fund, a new real estate investment vehicle created in partnership with global asset manager Azimut Egypt. The fund, licensed by Egypt’s Financial Regulatory Authority (FRA), aims to democratize access to the country’s real estate market for both individual and institutional investors through a fully digital platform.
A Digital Gateway to Property Investment
The Halan AZ Real Estate Fund provides a managed exposure to the Egyptian real estate market by allowing investors to purchase digital investment certificates tied to specific property assets. This structure enables investors to earn rental income and benefit from potential capital growth without the high capital requirements or specialized knowledge traditionally needed for direct property ownership.
The entire investment process, from onboarding and investment to income distribution, is managed digitally. Investors can access the fund through regulated platforms including Halan, azinvest, and Thundr, creating a seamless and inclusive experience.
Structured for Diverse Investor Profiles
The fund is designed as a multi-tranche vehicle, with each tranche focusing on a different segment of the real estate market. This includes commercial, hospitality, administrative, and residential properties, catering to a wide range of investor risk profiles and preferences. Subscriptions for the fund are expected to open digitally in the near future.
This initiative aligns with the FRA’s ongoing efforts to modernize the regulatory framework for digital financial platforms, supporting new asset classes within investment funds and leveraging fintech to advance financial inclusion across Egypt.
A Partnership of Scale
The joint venture combines the strengths of two major players in Egypt’s financial landscape. MNT-Halan brings its extensive fintech platform, a broad customer base, and assets exceeding EGP 75 billion. Azimut Egypt contributes its deep asset management expertise, with over EGP 30 billion in assets under management.
The fund’s operations are led by Khaled Sakr, Managing Director of Halan AZ, and Ahmed Abdel Meguid, Managing Director of MNP, which serves as the property manager. Key partners include Matouk Bassiouny and Hennawy as legal counsel, Moore as fund auditor, Catalyst Partners as fund administrator, and Banque du Caire as custodian.
About MNT-Halan
MNT-Halan is Egypt’s leading fintech ecosystem and the largest and fastest-growing lender to the unbanked and underbanked. Founded in 2018, the company is digitizing traditional banking and cash-based markets through its consumer and merchant-facing apps. Its technology supports a comprehensive ecosystem of digital financial services, including lending, buy now pay later, e-commerce, payments, and mobility.
Source: Zawya
