The Board of Directors of the Financial Regulatory Authority issued a decision regarding the determination of the fees for services provided by Misr Clearing Company to all parties dealing in the field of “digital platforms for investment in real estate investment fund documents”, which is the new investment system that the Authority previously launched to facilitate investment in the real estate sector through documents offered by real estate investment funds through licensed digital platforms, with easy and fast procedures subject to the supervision and control of the Authority.

The Authority decided to reduce the financial burdens on all parties involved in this new investment system, namely: the Real Estate Investment Fund, the issuer of the document, the platform manager, and the investing clients, by setting a reduced financial fee for the central depository and registration services provided by “Misr for Clearing” to both the Fund and the platform, as well as the fee for the custodian service provided to clients wishing to obtain this service from “Misr for Clearing”.

Misr Clearing plays a pivotal role in the digital real estate platform ecosystem, serving as the central entity responsible for registering investment documents and all transactions related to them during the investment period. It may also offer custodian services through the platform to interested investors. Accounts are opened according to the platform's established procedures, and Misr Clearing is notified immediately upon subscription coverage with data on document holders and coverage details. It also maintains a register of document holders, which is updated daily in coordination with the platforms, and is notified of document redemption transactions.

Dr. Islam Azzam, Chairman of the Financial Regulatory Authority, said that the new decision No. (109) of 2026 regarding the fees for services provided by “Misr for Clearing” to the parties of the system, primarily aims to encourage real estate investment through investment funds whose documents are offered for subscription on digital platforms, and to motivate small individual investors to invest their money under full supervision.

• Details of services and the specified fee
• • The decision specifies the fee for the central depository and registration service from “Misr for Clearing” to the real estate investment fund issuing the document as follows:

- Registration of the fund company (shares - documents): a quarter per thousand with a maximum limit of 5,000 pounds, for the first time.

- A new issuance (capital increase) for the fund company: a quarter per thousand, with a maximum of 5,000 pounds, when registering the new issuance.

- Annual subscription for the fund company: 250 pounds for companies whose capital is less than 5 million pounds, and 2500 pounds for companies whose capital is 5 million pounds or more.

- Certificate of registration status: 50 pounds for each certificate.

- Printing an additional copy of the document holders' list: 50 piasters per shareholder, with a minimum of 100 pounds and a maximum of 3000 pounds.

- Partial refund: one-quarter per thousand, up to a maximum of 10,000 pounds.

- Electronic seal and signature: according to the electronic signature pricing.

All of this is provided that what is collected from the fund company annually does not exceed 500,000 pounds.

• • As for the fees for services provided by “Misr Clearing” to the manager of the digital platform on which the documents of real estate investment funds are displayed for subscription and the data and information necessary to complete transactions on them, the decision stipulates that the fees for its services shall be determined as follows:

– Annual subscription: Free.

- Electronic seal and signature: according to the applicable electronic signature pricing.

• • Regarding the fees for custodian services provided by “Misr for Clearing” to its investing clients, the decision stipulates the following:

- Contract fee: 25 pounds, payable once.

- Holding: A percentage of 10 percent of one thousand of the value of the securities, paid annually based on the market value of the securities and the currency of their issuance at the end of December of each year, with a maximum limit of 100 pounds for the client’s portfolio in each issuance.

– Freezing: 25 pounds per order.

- Transfer of portfolio to another custodian or partial redemption: Half a pound for every thousand pounds of the market value of the securities transferred, with a maximum of 100 pounds per request.

– Receive wallet transfer: Free.

– Account statements and reports: Free.

• A flexible regulatory framework to facilitate investment

Thus, the decision included an unprecedented reduction in the fees for services provided by “Misr for Clearing” to all parties of the digital platforms system for investing in real estate investment fund documents, with the aim of expanding the market and facilitating investment in those documents for citizens, and developing the performance of this system, which represents an innovative and new means in the Egyptian market to enhance levels of financial and investment inclusion.

Dr. Islam Azzam, Chairman of the Authority, explained that these steps do not only have a positive impact on investment platforms in real estate funds, but also extend to contributing to the revival of the real estate development market itself through the platforms, through which real estate developers present their real estate projects to investors to subscribe to their documents digitally, with easy and quick procedures, with the availability of all disclosures, within an integrated and transparent framework for the redemption of documents to support the confidence of the clients and protect the interests of all parties.

He pointed out that the regulations for establishing these platforms, as stated in the Board of Directors of the Authority Resolution No. (125) of 2025, include obligating investment funds to ensure that their disclosures published on the platforms are complete, sufficient, and supported by documents in order to provide the highest levels of transparency and preserve the rights of investors, including disclosing a summary of the economic feasibility study for each real estate project targeted for offering, the fair value of the assets according to a report prepared by one of the real estate appraisal experts registered with the Authority, a statement of the purchase value, the real estate assets sold and their market value, the semi-annual periodic financial statements, dividend distributions, a statement of insurance documents for the real estate subject to investment, and any judicial rulings, arbitration rulings, publications, or decisions that affect the legal status of the real estate.

As for the platforms, they are also obligated under Resolution (125) of 2025 to make many disclosures and take many measures to facilitate and educate investors and protect their rights, including: secure automated linking between all parties, providing secure payment and collection channels, announcing a summary of the feasibility study for each fund, providing knowledge and educational materials on the investment tools made available by the platform, and the potential risks thereof, and establishing a mechanism for receiving and studying complaints.

The Financial Regulatory Authority has received 11 applications to date for licenses to engage in the promotion and underwriting of investment fund units and the management of digital platforms. Currently, four real estate investment funds are active, with total net assets approaching EGP 9 billion as of the end of the first quarter of this year.