MNT-Halan and Azimut Egypt have joined forces to launch the Halan AZ Real Estate Fund, a digitally enabled vehicle designed to open Egypt’s real estate market to a wider pool of investors. Fully licensed by the Financial Regulatory Authority, the fund gives both retail and institutional investors regulated access to property-backed investments through familiar fintech platforms. The initiative targets Egypt’s long-favored asset class, real estate, and seeks to lower traditional barriers that have historically limited participation to investors with substantial capital or specialist expertise.
Digital Real Estate Fund Structure
The Halan AZ Real Estate Fund is structured as a multi-tranche vehicle that allows investors to buy digital investment certificates linked to premium real estate assets. Through platforms such as Halan, azinvest, and Thundr, users can subscribe, monitor their holdings, receive rental income, and track returns within a fully digital journey. Each tranche will focus on high-quality commercial, hospitality, administrative, and residential properties, enabling investors with different risk appetites and ticket sizes to gain professionally managed exposure to Egypt’s property market.
Expanding Access Through Fintech and Asset Management
The fund combines MNT-Halan’s technology infrastructure and nationwide reach with Azimut Egypt’s track record as one of the country’s largest equity and asset managers. Mounir Nakhla, founder and CEO of MNT-Halan and chairman of the fund, frames Halan AZ as a continuation of the company’s mission to democratize financial services by providing an affordable, transparent route into a resilient sector. Azimut Egypt CEO Ahmed Abou Elsaad positions the initiative as a new phase in the firm’s ongoing effort to broaden access to investment products, arguing that the partnership creates a new, accessible real estate asset class for Egyptian savers.
Regulatory Tailwinds and Market Context
The launch follows a series of regulatory and legislative updates by the Financial Regulatory Authority aimed at modernizing Egypt’s non-bank financial activities and supporting digital platforms. These reforms have introduced a clearer framework for technology-enabled funds, expanded the range of eligible asset classes, and reinforced investor protection for digital investment products. Against a backdrop of strong domestic interest in real estate as a hedge and wealth-building tool, the new rules and the Halan AZ structure together seek to channel that demand into more transparent, fractional, and regulated vehicles.
Governance, Oversight, and Institutional Backing
Halan AZ is overseen by a broad institutional setup intended to strengthen governance and investor confidence. The fund is led by Managing Director Khaled Sakr, with property management handled by MNP under Managing Director Ahmed Abdel Meguid, while Azimut serves as fund manager, Maatouk Bassiouny & Hennawy as legal counsel, Moore as auditor and tax advisor, Catalyst Partners as fund administrator, Banque du Caire as custodian, and Misr for Central Clearing, Depository and Registry as central custodian of the certificates. Leveraging MNT-Halan’s more than EGP 75 billion in assets and millions of customers, together with Azimut’s EGP 30 billion in assets under management, the partnership offers an integrated, app-based experience that connects onboarding, investment, and income distribution within a single digital environment.
The Halan AZ Real Estate Fund positions itself as a catalyst for more inclusive participation in Egypt’s property market by combining regulated fund structures with fintech accessibility. If it succeeds in familiarizing retail investors with digital, fractional exposure to real estate, it could help shift market norms away from traditional high-ticket, opaque transactions toward smaller, transparent, professionally managed holdings. In doing so, the fund has the potential not only to expand domestic investment capacity, but also to set a regional benchmark for how technology, regulation, and asset management can converge to open up real estate investing across MENA.