MNT-Halan closes up 6.6% on its first day in Cairo after Egypt's biggest IPO since 2021, valuing the Egyptian business at about $770M

What is new: MNT-Halan closes up 6.6% on its first day in Cairo after Egypt's biggest IPO since 2021, valuing the Egyptian business at about $770M

MNT Tech Holding, the Egyptian business of lending and payments company MNT-Halan, closed its first session on the Egyptian Exchange at about EGP 26.12, up 6.6% from the EGP 24.50 offer price, valuing it at nearly EGP 42 billion, about $770 million. The offering of 320 million shares, 20% of the business, raised EGP 7.84 billion, roughly $149 million, and is Egypt's largest IPO in dollar terms since 2021 according to adviser EFG Hermes.

Founded in 2018 and led by CEO Mounir Nakhla, MNT-Halan is described as Egypt's first fintech unicorn on the valuation of its parent, which also owns a bank in Pakistan and a micro-leasing company in Turkey. The Egyptian business posted EGP 19.8 billion of revenue in 2025, up from EGP 13.2 billion, has about 1.9 million active customers and a gross loan book of EGP 46.7 billion at the end of June.