The Meridian

MNT-Halan intention to float MNT Tech Holding on the Egyptian Exchange (20% secondary offering)

1 October 2026 Public record

Value
US$120m
Date
1 October 2026
Transaction type
Initial Public Offering
Practice area
Capital Markets, Fintech and Payments
Sector
Fintech
Jurisdiction
Egypt
Client
MNT Tech Holding for Financial Investments and MNT Investments B.V. (Issuer and selling shareholder)

Summary

MNT Investments B.V. intends to sell 320 million existing shares, 20% of MNT Tech Holding for Financial Investments, the Egyptian arm of MNT-Halan, in an initial public offering on the Egyptian Exchange open to institutional and retail investors. The price will be set by bookbuilding. Trading is expected before the end of October 2026, subject to approvals and market conditions.

Why it matters

A fully secondary EGX listing of Egypt's best-known fintech group, which bankers had pitched at up to US$1bn for the Egyptian business, and a test of foreign institutional demand for Cairo listings.

Scope of legal work

Gibson Dunn & Crutcher (US and English law) and Matouk Bassiouny & Hennawy (Egyptian law) advise MNT and the selling shareholder. White & Case (US and English law) and MHR & Partners in association with White & Case (Egyptian law) advise the bookrunners, according to the intention-to-float notice as reported by Enterprise. Individual lawyers were not named.

Advisers

Other parties

MNT Tech Holding for Financial Investments (issuer)
MNT Investments B.V. (selling shareholder)
EFG Hermes and Citi (joint global coordinators and bookrunners)
BDO Keys Financial Consulting (independent financial adviser)
KPMG Hazem Hassan (auditor)

Other advisers

EFG Hermes, Citi (joint global coordinators and bookrunners)
BDO Keys Financial Consulting (independent financial adviser)
KPMG Hazem Hassan (auditor)

Sources

Compiled by Meridian from the public announcements and filings listed under Sources.

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