Egypt Fintech MNT-Halan Opens US$150 Million IPO
Egypt's MNT-Halan opened its US$150 million share sale on Wednesday as the Cairo bourse pitches a three-year tax break for bigger listings. The post Egypt Fintech MNT-Halan Opens US$150 Million IPO appeared first on The Rio Times .
Egyptian fintech lender MNT-Halan launched its US$150 million share sale on Wednesday, 7 October, at the Egyptian Exchange (EGX) in Cairo. The company's parent, MNT Investments B.V., is selling 320 million shares, valued at approximately EGP 7.84 billion (US$150 million). US bank Citi is co-leading the deal, which follows a July tax law aimed at attracting larger listings and foreign investment to Cairo.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
