The Meridian

MNT-Halan launches Egyptian IPO of 20 per cent stake on EGX

1 October 2026 Public record

Value
EGP 320.2k
Date
1 October 2026
Status
Announced (intention to float issued; FRA approval pending)
Transaction type
Other
Practice area
Corporate and Commercial
Jurisdiction
Egypt, England and Wales, United States
Client
MNT-Halan / MNT Investments B.V. (selling shareholder)

Summary

MNT-Halan’s Egyptian arm launched an IPO of 320 million existing shares, 20 per cent of MNT Tech Holding, on the Egyptian Exchange. The offering is fully secondary and priced through book-building, with the parent to subscribe to a closed capital increase of up to EGP 4 billion at the offer price. EFG Hermes and Citibank are joint global coordinators and bookrunners, and CIB has committed to anchor the deal with up to EGP 2 billion.

Scope of legal work

Gibson Dunn & Crutcher (US and English law counsel to MNT-Halan); Matouk Bassiouny & Hennawy (Egyptian law counsel to MNT-Halan); White & Case (US and English law counsel to the bookrunners); MHR & Partners in association with White & Case (Egyptian law counsel to the bookrunners)

Advisers

Other parties

MNT-Halan / MNT Investments B.V. (selling shareholder) (client); Investors in the offering; CIB (cornerstone) (counterparty)

Sources

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

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