Shahanda Ibrahim_ MNT Tech Holding for Financial Investments S.A.E., known as “MNT-Halan”, announced the completion of the subscription process for the public offering of its shares on the Egyptian Exchange at the declared offering price of EGP 24.50 per share, with an oversubscription rate of 43.6 times.
The offering witnessed strong demand from institutional and retail investors, as the public offering tranche was covered through more than 41,500 subscription orders, while the private offering tranche was oversubscribed by 11.2 times, multiplying to 19.4 times excluding strategic investors.
The successful completion of the subscription in both offering tranches represents a major milestone in preparation for the anticipated commencement of trading on the company’s shares on the Egyptian Exchange on October 20, 2026, under the ticker symbol HALN.CA.
MNT Investments B.V. (the selling shareholder) had offered 320 million shares of MNT-Halan as follows: a private offering to qualified investors (private offering tranche), and a public offering in the Arab Republic of Egypt (public offering tranche).
It is noteworthy that both tranches together represent the sale of 20% of the company’s issued capital prior to the capital increase following the offering.
EFG Hermes Promotion and Underwriting S.A.E. acted as the international coordinator and offering manager.
Gibson, Dunn & Crutcher LLP acted as legal counsel with respect to US and English law, and Matouk Bassiouny & Hennawy acted as legal counsel with respect to Egyptian law, for both MNT-Halan and the selling shareholder.
White & Case LLP acted as legal counsel with respect to US and English law, while MHR & Partners in association with White & Case acted as legal counsel with respect to Egyptian law, for the international coordinator and offering manager.
