Transaction

Ayman Abbas acquires a 10% interest in Aqar Exit's operations in Egypt for EGP 10 million

Announced

22 October 2026

Target

Aqora for Real Estate and Ammar Group LLC

Value

$180,636

Asset class

Venture Capital

Type

Investment

Instrument

Ordinary Shares (Equity)

Lead investors

Ayman Mamdouh Abbas

Investors

Ayman Mamdouh Abbas

Sector

Real estate and housing / Real Estate Services

Markets

Egypt

About the target

Aqar Exit is an Egypt-based proptech marketplace that facilitates the assignment of instalment property contracts between owners who can no longer meet developer payment plans and buyers seeking units at original contract prices. Founded in 2026 and based in Cairo, Aqar Exit began operating in August 2026 and lists residential, coastal, commercial and administrative units, with most assignment requests coming from East Cairo, the North Coast and West Cairo. Aqar Exit prohibits overpricing, checks contracts and payment receipts against documents, assigns a case manager to each transfer, and offers sellers a private listing option. Sellers pay no fee, while buyers pay a success fee of 1.25% of contract value only when a developer-approved assignment completes.