THE FIRST OF ITS KIND: BONYAN HITS THE EGX, BACKED BY GAT'S VALUATION

A First-of-its-Kind: Bonyan Company Listed on the Egyptian Exchange
Backed by GAT Valuation — the first IPO of its kind in Egypt using the REIT-style model, launched with clarity and unprecedented transparency.

The listing of Bonyan Real Estate Fund on the Egyptian Exchange (EGX) marks a pivotal step in the evolution of real estate investment in Egypt. As one of the country’s first public real estate funds, Bonyan introduces institutional investors and the broader market to regulated, income-generating property investment vehicles — aligning with global best practices.

Global Appraisal Tech (GAT) is honored to serve as the official valuation consultant for Bonyan Real Estate Fund’s initial public offering (IPO). Our role included preparing the real estate asset valuation report that enabled the fund’s listing under the ticker symbol BNYN.CA on the EGX — a first of its kind in the Egyptian market.

GAT continues to provide quarterly NAV (Net Asset Value) valuations for Bonyan Real Estate Fund in strict compliance with the Financial Regulatory Authority (FRA) and the Central Bank of Egypt (CBE) requirements. Our work ensures that investors receive reliable and transparent updates on the fund’s real estate asset value — a vital component in maintaining market confidence.

This project was led by Dr. Ibrahim Al-Madany (CEO) and Dr. Tarek Al-Madany (Managing Director), both certified valuation professionals and esteemed industry leaders. Their leadership ensures the application of International Valuation Standards (IVS) and a deep understanding of the Egyptian market’s unique dynamics.

As Egypt advances toward more institutionalized and transparent investment frameworks, GAT is proud to be at the forefront. Our partnership with Bonyan Real Estate Fund contributes to building a trustworthy capital market structure for real estate — encouraging both local and foreign investor participation.