Egypt’s exchange approves MNT-Halan’s temporary listing, clearing the path for a domestic public offering targeting a $1 billion valuation.

The Egyptian Exchange approved the temporary listing of 1.6 billion shares under the ticker HALN.CA, giving fintech unicorn MNT-Halan until mid-March 2027 to finalize its IPO.

Only MNT-Halan's Egyptian operations are going public at a pitched valuation of up to $1 billion, while the parent company (valued at $1.4 billion) keeps its Pakistani, Turkish, and UAE operations private.

Backed by Chimera Investments and the IFC, the platform has issued over $15.5 billion in loans to eight million customers since its founding in 2018.

MNT-Halan's decision to ring-fence and list only its domestic subsidiary provides a strategic blueprint for late-stage African fintechs in Nairobi and Lagos looking to exit via local public markets.

By keeping riskier international expansion operations private, the company shields local public investors from foreign currency and regulatory volatility.

If successful, this structure could revive foreign capital inflows into Egypt's stock exchange by mid-2027 and encourage other regional platforms to seek domestic listings.