Cairo-based Qasatli Mortgage Finance is preparing for a potential initial public offering on the Egyptian Exchange in 2027 as part of a longer-term strategy to fund growth, according to managing director Ihab Omar.

The company has started drawing up an IPO plan and is currently assessing three advisory firms to select a lead manager for the offering, Omar told Al Arabiya Business. The firm is initially targeting the sale of up to 50% of its shares, he said.

The listing preparations come as Qasatli seeks to raise about 1 billion Egyptian pounds (~USD 20M) this year to expand its financing portfolio in the local market, Omar said. The company’s 2026 strategy is centered on “non-traditional” funding solutions, including expanding beyond bank channels by engaging local and international real estate investment funds to deploy direct investments in Egypt.

Qasatli is targeting business volume of 3 billion pounds by the end of 2026, supported by plans to deepen its footprint in Egypt and grow its client base, which stands at around 330 customers since operations began in 2018, Omar said. 

Mortgage finance remains a relatively small segment of Egypt’s financial system, with industry penetration often cited as low compared with peer markets — a gap that lenders and non-bank financiers have been trying to address through broader product offerings and alternative funding structures. 

Qasatli is licensed by Egypt’s Financial Regulatory Authority for mortgage finance activity, according to the regulator’s company records.