Africazine:
MNT-Halan has made a significant entry into the Egyptian Exchange, marking a pivotal moment for the country’s financial landscape.
The company began trading under HALN.CA on October 20 after its parent sold EGP 7.84 billion in shares. This move is part of a broader strategy, as MNT Investments B.V. plans a closed subscription of up to EGP 4 billion in new shares to fuel further expansion.
MNT-Halan’s IPO Sets New Records in Egypt
The initial public offering (IPO) of MNT-Halan has been described as Egypt’s largest by U.S. dollar value since 2021. It is also the largest IPO by a privately owned company in a decade. The offering included 320 million existing shares sold at EGP 24.50 each, representing one-fifth of the issuer’s capital prior to the proposed increase.
Demand for the shares was exceptionally high, with total bids reaching approximately EGP 126 billion. The private tranche alone was oversubscribed by 11.2 times, while the public tranche saw an oversubscription of 43.6 times, attracting over 41,500 orders from more than 300 investors across 10 countries.
Context of MNT-Halan’s Market Entry
MNT-Halan’s debut is notable as it is the first completed listing involving a company in the AT50 benchmark, which tracks African private technology companies poised for listing. This benchmark was launched at the London Stock Exchange on January 28, 2026.
As of June 30, 2026, MNT-Halan reported having about 1.9 million active customers annually and a gross loan book of EGP 46.7 billion. The company has disbursed more than EGP 178 billion in financing, showcasing its significant role in the Egyptian financial ecosystem.
Future Plans for MNT-Halan
- MNT Investments plans a closed subscription of up to EGP 4 billion in new shares.
- Continued expansion of MNT-Halan’s services and customer base is anticipated.
MNT-Halan’s IPO marks a transformative moment for Egypt’s financial market.
