EFG Hermes Prepares $1 Billion MNT-Halan IPO, Testing Egypt’s Capital Markets

EFG Hermes and Citigroup are preparing an initial public offering for MNT-Halan’s Egyptian operations.

The fintech company’s listing is expected to launch later this year.

Reports value the Egyptian business between $900 million and $1 billion.

The transaction signals continued private sector interest in Egypt’s domestic capital markets despite recent volatility.

This mandate reinforces EFG Hermes’ position as a leading investment bank in the region.