The Financial Regulatory Authority has approved a syndicated financing model for mortgage companies in Egypt. This allows multiple lenders to jointly fund high-value property purchases. The decision addresses sector challenges including rising prices and limited capital.
The Financial Regulatory Authority, chaired by Islam Azzam, issued the authorisation following a request from the Egyptian Mortgage Federation. Rehab Taha, Assistant Chairperson, communicated the approval in a circular. Companies must each comply separately with Mortgage Finance Law No. 148 of 2001 and capital adequacy rules from FRA Board Resolution No. 158 of 2020.
Azzam stated that the move responds to rising property prices and helps maintain market stability while protecting customers. Financing limits remain in place, such as a maximum of 90 percent of property value for residential loans and 15 percent of a company's capital base per investor.
FRA statistics for the first quarter of 2026 showed new mortgage customers fell more than 21 percent year-on-year, though the total value of financing rose over 17.5 percent from 2025. Residential properties made up about 78 percent of financing that quarter.