MNT-Halan lists in Cairo, creating Egypt’s largest IPO since at least 2021

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MNT-Halan listed on the Egyptian Exchange, becoming Egypt’s largest IPO by dollar value since at least 2021. Its share price rose 6.6% on the first day of trading, after briefly gaining as much as 18% early in the session. The company sold a combined 20% stake through a private placement and public offering, aiming to raise about EGP 7.84 billion (US$150 million). The funds will be used to expand the business and launch new services; it serves about 2 million customers annually, including 1.3 million borrowers.