On 24 September 2026, Commercial International Bank (Egypt), known as CIB, signed a cornerstone investment deal. The bank committed up to EGP 2 billion for MNT-Halan’s upcoming international share sale on the Egyptian Exchange. This is not a routine move. CIB is stepping into the center of a major capital markets deal. The bank will buy shares as part of MNT-Halan’s planned listing.
On 14 September 2026, the EGX Listing Committee granted temporary approval for the listing of 1.6 billion MNT-Halan shares at a nominal value of EGP 0.10 per share, but this did not constitute the start of trading.
Backing Egypt’s fintech evolution
CIB’s move is about more than numbers. Amr El Ganainy, Deputy CEO and Executive Board Member at CIB, said the bank sees non-bank financial services as key to Egypt’s future. "CIB continues its leading role in supporting Egypt’s non-bank financial services sector, which represents one of the important sources of financing for the Egyptian economy alongside the banking sector," El Ganainy said. He pointed to the bank’s push to diversify financing tools, especially through digital and tech-driven solutions.
MNT-Halan has become a major player in Egypt’s fintech scene. Mounir Nakhla founded the company, and Ahmed Mohsen joined in 2017. Since December 2009, the group has reached total disbursements of EGP 178 billion. By June 2026, it had served about 7.9 million customers. The company uses a hybrid model. The Halan App gives it digital reach, while a network of over 1,200 distribution points in 25 governorates brings physical access. MNT-Halan offers lending, payments, investments, and other financial services.
Long-term partnership and sector impact
The IPO will be a fully secondary offering. MNT Investments B.V. plans to sell 320 million existing ordinary shares. That’s 20% of MNT-Halan’s capital. The sale will happen through both an institutional private placement and a public offering in Egypt. An official company press release confirmed the deal depends on market conditions and regulatory sign-off from the Financial Regulatory Authority (FRA) and the Egyptian Exchange (EGX).
The listing covers only MNT-Halan’s Egyptian business; the group’s operations in Turkey, Pakistan, and the UAE, as well as the non-public parent structure MNT Investments B.V., are not included in the listed entity.
CIB’s cornerstone investment and the planned offering could speed up growth in Egypt’s non-bank financial sector. MNT-Halan brings a strong track record. CIB brings institutional muscle. The deal could set a new standard for tech-driven financial inclusion and capital market access in Egypt. CIB is betting on digital finance. The country’s biggest private banks are no longer watching fintech from the sidelines. They want in.
After the offering, MNT Investments B.V. is expected to get an exclusive right to buy more shares at the offer price for up to EGP 4 billion. This next capital increase will be funded by the parent company, not public IPO investors. A regional market update explains that this setup is meant to help the Egyptian business grow and build capital.
