Egypt: MNT-Halan Plans Cairo IPO With 20 Percent Stake Sale

MNT-Halan, Egypt’s first fintech unicorn, is preparing for a stock market debut in Cairo, aiming to sell a 20% stake in its Egyptian business. This strategic move brings a company built on lending and digital payments closer to its initial public offering. The offering is targeted for completion in October, contingent on securing all necessary regulatory approvals and favorable market conditions.

The proposed offering involves 320 million shares, which is equivalent to 20% of the Egyptian…