Cairo-based Qasatli plans a 2027 EGX IPO while targeting a USD 20M raise to expand its mortgage financing portfolio and scale non-traditional funding in Egypt.
Cairo-based Qasatli Mortgage Finance is preparing for a potential listing on the Egyptian Exchange (EGX) in 2027 as part of a broader strategy to fund expansion, according to Managing Director Ihab Omar.
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The company has begun drafting an IPO plan and is evaluating three advisory firms to appoint a lead manager for the offering, Omar told Al Arabiya Business. Qasatli is initially considering the sale of up to 50% of its shares.
The planned listing comes as the mortgage financier seeks to raise approximately EGP 1 billion (around $20 million) this year to expand its lending portfolio in Egypt’s real estate market.
Qasatli’s 2026 strategy centers on diversifying its funding base through what Omar described as “non-traditional” solutions. This includes reducing reliance on bank financing and engaging local and international real estate investment funds to channel direct capital into Egypt.
The company is targeting a total business volume of EGP 3 billion by the end of 2026, supported by geographic expansion and growth in its customer base. Since launching operations in 2018, Qasatli has served approximately 330 clients.
Mortgage finance remains a relatively underpenetrated segment of Egypt’s financial system compared with regional and global peers. Lenders and non-bank financial institutions have been seeking to expand access through broader product offerings and alternative funding structures.
Qasatli operates under a mortgage finance license issued by Egypt’s Financial Regulatory Authority, according to official records.
Why Qasatli Funding Matters to MENA
Egypt’s mortgage market remains significantly underpenetrated compared to regional and global peers. If Qasatli successfully raises fresh capital and executes its 2027 EGX listing, it could signal three important shifts for MENA:
- Deepening Non-Bank Finance in the Region: The move highlights growing confidence in alternative funding models beyond traditional bank lending, a trend gaining traction across MENA’s fintech and real estate ecosystems.
- Capital Markets Confidence: A potential EGX listing in 2027 would reinforce Egypt’s public markets as a viable exit and growth route for financial institutions — something regional investors are watching closely.
- Unlocking Housing Finance Gaps: With mortgage penetration still low in Egypt, scaling private mortgage finance could help widen access to home ownership, a structural issue many MENA economies continue to grapple with.
In short: this isn’t just a funding round. It’s part of a broader shift toward diversified capital, deeper financial markets, and more inclusive housing finance in the region.
