El Attal Holding to Launch EGP 2.8B Real Estate Fund; Leads Market Price Correction in Egypt
El Attal Holding is set to finalize the launch of its first real estate investment fund by June 2026, pending approval from the Financial Regulatory Authority (FRA). Chairman Ahmed El Attal announced that the fund, valued at EGP 2.8 billion, aims to democratize real estate investment through fractional ownership and flexible investment vehicles. This move precedes the group's planned Initial Public Offering (IPO) on the Egyptian Exchange (EGX).
In a significant market shift, El Attal declared that his company would lead a price correction trend in the Egyptian real estate sector. He admitted that the aggressive pricing strategies seen over the last two years, driven by inflated inflation forecasts and excessive hedging, led to a severe market slowdown. "We are realigning our pricing, payment plans, and installment periods to match current market realities and consumer purchasing power," El Attal stated. The company has already begun re-pricing units for existing clients at current market rates, offering additional benefits and larger spaces to ensure customer loyalty and market sustainability.