MNT-Halan’s Egyptian business began trading on the Egyptian Exchange after its parent sold EGP 7.84 billion in shares, sending proceeds to the shareholder while a separate capital raise is planned.
Shares of MNT Tech Holding for Financial Investments SAE, the listed company associated with MNT-Halan, began trading under HALN.CA on Oct. 20. MNT Investments B.V. sold 320 million existing shares at EGP 24.50 apiece, an amount equal to one-fifth of the issuer’s capital before the proposed increase. The offering included 272 million shares for the private tranche and 48 million for the public tranche.
Because the shares were already held by MNT Investments, the proceeds went to that shareholder. EFG Hermes said MNT Investments separately plans a closed subscription of up to EGP 4 billion in new shares at the offer price, which would provide additional capital for the Egyptian business’s expansion.
EFG Hermes reported total demand of about EGP 126 billion. The private tranche drew bids 11.2 times the shares available, a multiple that rose to 19.4 excluding cornerstone investors. The public tranche was oversubscribed 43.6 times and attracted more than 41,500 orders; over 300 investors from more than 10 countries placed private-tranche orders. EFG Hermes described the deal as Egypt’s largest IPO by U.S. dollar value since 2021 and the largest by a privately owned company in a decade.
Gbite Oduneye, chairman of Indexa Exchange Group, told BusinessDay that the debut was the first completed listing involving a company in AT50 since the benchmark launched. Indexa says AT50 tracks African private technology companies it considers ready to list, with its members reviewed quarterly. The benchmark launched at the London Stock Exchange on Jan. 28, 2026.
MNT-Halan said its wider group had about 1.9 million customers active annually and had disbursed more than EGP 178 billion in financing by June 30, 2026. Reuters reported that the Egyptian business’s gross loan book stood at EGP 46.7 billion at the end of June.
MNT-Halan founder, CEO and managing director Mounir Nakhla linked investor demand to confidence in Egypt, the financial ecosystem the company has built and its growth prospects.
