MNT-Halan IPO Private Placement Draws 11.2 Times in Subscription Demand

Wednesday 14 October 2026 10:18

MNT-Halan Private Placement Attracts Strong Investor Demand

MNT-Halan has closed subscriptions for the private tranche of its initial public offering on the Egyptian Exchange, with demand reaching 11.2 times the shares offered at an offering price of EGP 24.50 per share, according to a press release sent by email.

Excluding cornerstone investors, subscription demand for the private tranche reached 19.4 times the shares offered.

More than 300 investors from over 10 countries submitted subscription requests, including investors from Egypt, several Gulf Cooperation Council countries, the United Kingdom, France, Switzerland and South Africa.

Public Offering to Close on October 15

Subscriptions for the public tranche in Egypt are scheduled to close on October 15, 2026, with 48 million shares allocated to retail investors.

The institutional tranche consists of the remaining 272 million shares.

20% Stake Offered in the IPO

MNT Investments BV, the selling shareholder, is offering 320 million ordinary shares, representing 20% of MNT-Halan’s issued share capital prior to the closing of the offering.

MNT-Halan’s shares were listed on the Egyptian Exchange on September 14, 2026, under the ticker HALN.CA.

Strong Investor Confidence in MNT-Halan

Commenting on the subscription results and the company’s plans, Mounir Nakhla, Founder, CEO and Managing Director of MNT-Halan, said the company is entering the next phase of its journey, building on its track record of strong growth and profitability.

He added that the company aims to expand its product ecosystem, deepen customer engagement and leverage its proprietary technology to broaden access to financial services.

Nakhla also welcomed the strong demand for MNT-Halan’s IPO, saying it reflects investor confidence in the financial ecosystem the company has built and its future growth opportunities.

He added that the level of investor interest strengthens the company’s confidence in Egypt’s capital markets as a platform for supporting its next phase of growth.

Advisors and IPO Coordinators

Citigroup Global Markets Limited and EFG Hermes Promoting and Underwriting acted as Joint Global Coordinators and Joint Bookrunners for the offering.

MNT-Halan and the selling shareholder received US and English legal advice from Gibson, Dunn & Crutcher LLP, while Matouk Bassiouny & Hennawy provided Egyptian legal counsel.

White & Case LLP advised the Joint Global Coordinators and Joint Bookrunners on US and English law, while MHR & Partners, in cooperation with White & Case LLP, served as their Egyptian legal counsel.