بنوك

CIB Signs a Cornerstone Investment Agreement for an Investment of up to EGP 2 Billion in MNT-Halan’s Proposed Offering

CIB Signs a Cornerstone Investment Agreement for an Investment of up to EGP 2 Billion in MNT-Halan’s Proposed Offering
CIB Signs a Cornerstone Investment Agreement for an Investment of up to EGP 2 Billion in MNT-Halan’s Proposed Offering
أحمد أسامةالإثنين 5 أكتوبر 2026

Commercial International Bank (Egypt) “CIB” announces that it has entered into a cornerstone investment agreement dated 24 September 2026 with MNT Tech Holding for Financial Investments S.A.E. (“MNT-Halan”) and MNT Investments B.V. pursuant to which CIB has committed to purchase shares in the international offering forming part of the offering of MNT-Halan’s shares and the listing of its shares on the Egyptian Exchange (the “Offering”), for an aggregate investment amount of up to EGP 2 billion, subject to the terms and conditions of the cornerstone investment agreement, as described in the offering documents published by MNT-Halan.

CIB’s participation reflects the Bank’s continued commitment to supporting leading Egyptian companies, while further strengthening its presence across the financial services and capital markets sectors.

Commenting on the transaction, Mr. Amr El Ganainy, Deputy Chief Executive Officer and Executive Board Member of CIB, said:

“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.

The Bank remains committed to supporting the diversification of financing instruments and mechanisms in the Egyptian market, particularly through technology enabled financial solutions and digital applications.

MNT-Halan stands out as a leading example of this sector’s evolution, having demonstrated strong performance and significant growth in recent years.

We are confident in the company’s potential to continue expanding its financial services offering and achieving further growth and milestones in the period ahead.

CIB is pleased to support MNT-Halan through its investment in the company’s equity as part of the proposed offering.”

Commenting on CIB’s participation, Mounir Nakhla, Founder, Chief Executive Officer and Managing Director of MNT-Halan, said:

“I’m very happy that our partner CIB, who has been part of our journey for over 15 years, is now joining us as a shareholder.

CIB knows this market exceptionally well, and its perspective and experience will be invaluable as we build the next stage of MNT-Halan. CIB believed in us early on, and their support for the non-bank financial sector has helped the entire industry grow.”

Founded by Mounir Nakhla, Founder & CEO, and joined in 2017 by Ahmed Mohsen, Co-Founder & CTO, MNT-Halan is one of Egypt’s leading technology enabled non-bank financial services companies.

Since its inception in December 2009, the MNT-Halan group has originated cumulative total disbursements of EGP 178 billion in financing and served approximately 7.9 million customers, in each case as at June 2026.

MNT-Halan combines a digital platform, the Halan App, with a nationwide physical network of more than 1,200 distribution points across 25 of Egypt’s governorates as at 30 June 2026, supporting the delivery of a broad range of financial services, including lending, payments, investments and other value-added services.

مواضيع متعلقة

الوسوم
أحمد أسامةالإثنين 5 أكتوبر 2026