The Egyptian Exchange has granted a temporary listing to MNT Tech Holding for Financial Investments, the parent company of fintech unicorn MNT-Halan, clearing an initial regulatory hurdle as the group moves toward a public market debut.
The EGX Listing Committee, at its meeting on 14 September 2026, approved the temporary listing of MNT Tech Holding’s shares with an issued capital of EGP160mn ($3m), divided into 1.6bn shares with a par value of EGP0.10 each. The approval was granted under Articles 7, 1 bis, 6 and 18 of the exchange’s listing and delisting rules.
The shares will be added to the EGX database under the “Non-banking Financial Services” sector from Tuesday 15 September 2026. The company will trade under the ticker HALN.CA.
Shares locked until offering completed
Despite the listing approval, MNT Tech Holding’s shares will not begin trading immediately. Under the terms set by the listing committee, the company must complete its share offering and fulfil all conditions for final listing within six months from the date of temporary listing. The deadline may be extended with approval from the Financial Regulatory Authority in cases it deems appropriate, based on justifications and a time plan submitted by the company.
Shares may not be traded during the period from temporary listing until the start of trading after the offering, except with FRA approval. If the company fails to implement its share offering and meet the requirements for final listing within six months, the temporary listing will be deemed never to have existed.
MNT Tech Holding must also complete registration procedures with the FRA and apply to the EGX to execute the offering of its shares within the six-month window. The company is required to fulfil items 1, 2 and 3 of Article 7 of the listing rules and adhere throughout the temporary listing period to obligations stipulated in clauses 1 to 4 of Article 48.
Lock-up requirements for major shareholders
Shareholders holding 10 per cent or more of MNT Tech Holding’s shares, and any shareholders replacing them, must retain at least 51 per cent of their respective shareholdings upon listing, provided the aggregate shares retained represent no less than 25 per cent of the company’s total shares.
The retained shares will be subject to a lock-up until financial statements for the year in which the requirements under Article 7 are satisfied have been approved, provided at least 24 calendar months have elapsed and periodic financial statements for two financial years have been issued from the date of listing. The same retention and lock-up requirements apply to the same percentage of shares subscribed for in any subsequent capital increase for the same period, excluding bonus shares.
Regulatory compliance
The approval requires MNT Tech Holding to comply with all applicable laws and regulations, including Decree №143 of 2010 concerning the regulation of listing and trading of shares of companies operating in the securities field, as amended by Decree №69 of 2013 and Decree №15 of 2018.
The company must also comply with FRA Board of Directors Decree №177 of 2024 concerning the rules governing the granting and continuation of licences for companies operating in non-banking financial activities, and Decree №178 of 2024, as amended, concerning the rules governing the FRA’s approval of the acquisition of ownership or control of, or merger with, companies operating in non-banking financial activities.
Additionally, MNT Tech Holding is required to register its Investor Relations Officer in the electronic register maintained by the EGX, following successful completion of interviews, examinations and training courses prescribed by the exchange.
Background to the listing
The temporary listing follows MNT Tech Holding’s filing of a formal listing request with the EGX on 8 September 2026 under Article 20 of the exchange’s listing rules. The company applied to list its entire issued capital of EGP160mn, divided into 1.6bn shares with a par value of EGP0.10 each.
The listing application came after a June 2026 capital increase at MNT-Halan led by Al Ahly Capital, the private equity arm of the National Bank of Egypt. As a result of that transaction, GB Corp’s ownership stake in MNT-Halan was adjusted to 41.61 per cent, down from 42.58 per cent prior to the transaction, according to a GB Corp press release dated 9 June 2026. The exact size of Al Ahly Capital’s stake was not disclosed.
The June 2026 investment raised MNT-Halan’s valuation to $1.4bn. The transaction was the first closing of an ongoing funding round and marked the first time a commercial bank had taken an equity stake in the company, according to founder and chairman Mounir Nakhla.
MNT-Halan was founded in 2018 as a two- and three-wheeler ride-hailing app and has expanded into consumer finance, micro-enterprise loans, payments, savings, investments, e-commerce and logistics. It is Egypt’s largest non-bank lender to unbanked and underbanked individuals, having disbursed more than $15.5bn in loans since inception and serving over 8mn customers globally.
The company reached unicorn status in 2023 after securing a $400mn equity and debt financing round at a $1bn valuation. It has since expanded into Türkiye and Pakistan, launched operations in the United Arab Emirates in 2024, and has plans to enter other Gulf markets.
Market context
The listing process comes amid increased technology flotations on the Egyptian Exchange. In June 2025, buy-now-pay-later platform Valu listed through an in-kind dividend distribution by parent company EFG Holding, with its shares surging more than 850 per cent on debut. In December 2025, Catalyst Partners Middle East became the first special-purpose acquisition company to list on the EGX.
The government has also pushed listing momentum, with plans to temporarily float up to 20 state-owned enterprises by April 2026 as part of a broader privatisation programme. The EGX main index has risen more than 23 per cent this year.
For MNT-Halan, completion of the offering and final listing would represent a significant test of investor appetite for high-growth fintech assets in the region. Whether its shares replicate the momentum seen in recent listings will depend on final regulatory approval, market conditions and the company’s ability to sustain its expansion while managing credit risks inherent in its lending portfolio.