MNT Tech Holding for Financial Investments SAE, an Egyptian joint stock company, (also known as MNT-Halan) (the “Company” or “MNT-Halan”), today announces the successful conclusion of its the subscription process for the private tranche at the announced offer price of EGP 24.50 per share (the “Offer Price”), in connection with its initial public offering (“IPO”) on the Egyptian Exchange (“EGX”).
MNT-Halan’s shares were listed on the EGX on 14 September 2026 under the ticker symbol HALN.CA. The Private Tranche (as defined below) was 11.2x oversubscribed and 19.4x oversubscribed excluding cornerstone investors.
The offering by MNT Investments B.V. (the “Selling Shareholder”) of 320,000,000 ordinary shares of MNT-Halan (the “Shares”) includes (i) a private placement to institutional investors (the “Private Tranche”) and (ii) a public offering in Egypt (the “Public Tranche”, together with the Private Tranche, the “Offering”). The Offering represents 20% of the Company’s issued share capital, prior to the closed subscription. The Offering consists of 272,000,000 Shares to be allocated to the Private Tranche and 48,000,000 Shares to be allocated to the Public Tranche.
The Private Tranche attracted orders from more than 300 investors across more than 10 countries, including Egypt, multiple GCC countries, the United Kingdom, France, Switzerland and South Africa.
Subscription for the Public Tranche is set to close on 15 October 2026.
Mounir Nakhla, Founder, Chief Executive Officer and Managing Director of MNT-Halan, said:
“We are proud to enter the next phase of our journey, building on our track record of high growth and robust profitability to broaden our product ecosystem, deepen customer engagement and harness our proprietary technology to expand access to financial services. We are delighted with the strong demand for MNT-Halan’s IPO, reflecting investors’ confidence in the financial ecosystem we have built and the growth opportunities ahead. This level of interest reinforces our confidence in Egypt’s capital markets as a platform to support our next phase of growth.”
EFG Hermes Promoting and Underwriting S.A.E. acted as Global Coordinator for the Offering. Gibson, Dunn & Crutcher LLP acted as U.S. and English legal counsel, and Matouk Bassiouny & Hennawy acted as Egyptian legal counsel, in each case to MNT-Halan and the Selling Shareholder. White & Case LLP acted as U.S. and English legal counsel, and MHR & Partners in association with White & Case LLP acted as Egyptian legal counsel, in each case to the Global Coordinator.
About MNT-Halan
Formed in 2018, with roots dating back to 2009, MNT-Halan is one of Egypt’s leading fintech platforms, offering an integrated suite of borrowing, payments, investment and consumer-marketplace products. Powered by proprietary technology, the Group combines the Halan App with an extensive nationwide physical distribution network to broaden financial access and serve traditionally underserved and underbanked customers. Through its diversified, regulated financial services platform, customer-centric approach and diverse funding strategy, MNT-Halan has established leading positions in Egypt’s non-bank microfinance, SME finance and consumer finance markets.