Egyptian Exchange Prepares for 20% IPO of MNT-Halan in October

Saturday 3 October 2026 17:04

The Egyptian stock market is gearing up to welcome MNT-Halan, following its official announcement of plans to list approximately 20% of its total shares on the Egyptian Exchange (EGX) later this month.

Offering Details and Target Investors

Under the proposal, majority shareholder MNT Investments B.V. will offer 320 million shares for sale. The offering is structured into two main tranches:

Private Placement: Targeted at qualified institutional and high-net-worth investors in Egypt and select international markets.

Public Offering: Open to retail and corporate investors within Egypt.

Capital Increase Provision

Immediately following the offering, the company plans to increase its issued capital by issuing new shares allocated to the majority shareholder at the final offering price. This capital raise is subject to two conditions:

The new issue will not exceed 170 million shares.

Obtaining official regulatory approval from the Financial Regulatory Authority (FRA).