Emtelaak Investment has received approval from the Financial Regulatory Authority (FRA) to establish Emtelaak for Underwriting and Management of Real Estate Investment Funds, chaired by Waleed Shaarawy. The new company will handle managing and underwriting real estate investment funds, following an earlier FRA approval in November 2025 for the Emtelaak Real Estate Investment Fund.
On March 8, 2026, Emtelaak Investment announced it has secured approval from the Financial Regulatory Authority (FRA) to set up Emtelaak for Underwriting and Management of Real Estate Investment Funds, chaired by Waleed Shaarawy. The new entity will oversee the management and underwriting of real estate investment funds.
This development builds on a prior FRA approval in November 2025 for establishing the Emtelaak Real Estate Investment Fund, led by Magdy Al Yamany. The company stated that creating both the fund and its management arm is part of its strategy to develop a structured approach to real estate investments, emphasizing regulatory compliance and governance in asset management.
Shaarawy commented that the company seeks to bolster institutional real estate investment growth in Egypt. He mentioned plans to launch a digital platform to streamline investor subscriptions and expand access to real estate project opportunities.
Al Yamany explained that the real estate investment fund will adhere to asset management standards used in investment funds, offering individual and institutional investors a way to invest in income-generating real estate assets.
Emtelaak noted that these approvals demonstrate regulatory backing for broadening investment options in the real estate sector and may help advance financing mechanisms tied to property assets in the Egyptian market.