• Egyptian fintech MNT-Halan has begun trading on the Egyptian Exchange (EGX) under the ticker HALN.CA, following an initial public offering (IPO) that saw strong demand from institutional and retail investors.
• The IPO involved the sale of 320 million existing ordinary shares, representing 20% of MNT-Halan's issued share capital, by existing shareholder MNT Investments B.V. The offering comprised 272 million shares allocated to institutional and other private-tranche investors and 48 millshares allocated tos to retail investors.
• The private tranche was 11.2 times oversubscribed, rising to 19.4 times excluding cornerstone investors, while the public tranche was 43.6 times oversubscribed, attracting more than 41,500 subscription orders.
• Founded in 2018 by Mounir Nakhla, with roots dating back to 2009, MNT-Halan provides lending, payments, investment and e-commerce services through subsidiaries including Halan and Tasaheel. The group has served approximately 7.9 million customers and disbursed more than EGP 178 billion in financing since inception, as of June 30, 2026.
• The listing marks MNT-Halan's transition into a publicly traded company as it seeks to expand its financial services ecosystem, strengthen customer engagement and reach more customers through its technology platform.

Press release:

MNT Tech Holding for Financial Investments SAE (the “Company” or  “MNT-Halan”) celebrated today the commencement of trading in its shares on the Egyptian  Exchange (EGX), under the ticker symbol HALN.CA, following strong investor demand for its  initial public offering (IPO). The milestone was marked by a bell-ringing ceremony attended by  senior government officials, financial regulators, EGX leadership, MNT-Halan’s board members,  executives and representatives of the banks, asset managers and advisors involved in the  offering.  

The listing represents a significant milestone in MNT-Halan’s growth journey, opening a new  chapter for the Company as a publicly traded business. Founded in 2018, with roots dating back  to 2009, MNT-Halan has grown into a diversified financial services platform offering solutions  across lending, payments, investments and e-commerce. Through the Company’s subsidiaries  encompassing Halan and Tasaheel, amongst other subsidiaries (together the “Group”), the Group  has served approximately 7.9 million customers since inception, with approximately 1.9 million  active customers annually, and disbursed more than EGP 178 billion in financing as of 30 June  2026. Its technology-driven ecosystem and extensive distribution network enable it to meet a  broad range of financial needs and expand access to financial services across Egypt. 

The IPO attracted strong demand from both institutional and retail investors. The Private Tranche  was 11.2 times oversubscribed and 19.4 times excluding cornerstone investors, while the Public  Tranche was 43.6 times oversubscribed, attracting more than 41,500 subscription orders. The  offering comprised the sale of 320 million existing ordinary shares by MNT Investments B.V.,  representing 20% of MNT-Halan’s issued share capital prior to the closing of the subscription  process. Of these, 272 million shares were allocated to the Private Tranche and 48 million to the  Public Tranche. 

Omar Radwan, Chairman of the Egyptian Exchange (EGX), said, "MNT-Halan has demonstrated  an inspiring model of how ambitious ideas and ventures can evolve into leading institutional  entities capable of leveraging technology and innovation to serve millions of citizens. Today,  through its entry into the capital market, the company reaffirms that the stock exchange offers  the most efficient and equitable avenue for providing liquidity and financing future expansion  through a diverse range of instruments, while strengthening its brand positioning and  enhancing its corporate governance.” 

Radwan added that listing and offering shares on the capital market for major companies and  institutions goes beyond merely raising capital and diversifying funding sources at the lowest  possible cost. Rather, it serves primarily as a vital safeguard for ensuring their long-term  sustainability and continuity across generations by institutionalising sound corporate governance  practices, promoting transparency, and safeguarding shareholders’ wealth. 

Mounir Nakhla, Founder, Chief Executive Officer and Managing Director of MNT-Halan, said, "We are proud to begin trading on the Egyptian Exchange, marking an important milestone in 

our journey. The strong demand for our IPO reflects investors’ confidence in Egypt, the financial  ecosystem we have built, and our growth trajectory. As we enter this next phase, we remain  focused on broadening our product ecosystem, deepening customer engagement and leveraging  our proprietary technology to reach more customers and drive sustainable growth. We thank the  Egyptian government, the CBE, the FRA, the EGX, our banking partners, asset managers and  everyone who contributed to bringing this offering to fruition. We are also grateful to every  international investor, family office, and individual who are helping us create a lasting, positive  impact in Egypt.” 

Citigroup Global Markets Limited and EFG Hermes Promoting and Underwriting S.A.E. acted as  Joint Global Coordinators and Joint Bookrunners 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 Joint Global Coordinators and Joint Bookrunners.