MNT-Halan board raises issued capital to $3.2m after IPO

The MNT-Halan board raised issued capital from about $2.9 million (E£160m) to about $3.2 million (E£176m) by issuing 163.265 million shares at the IPO price of about $0.44 (E£24.5). The decision follows the October 20 EGX listing, in which the parent sold a 20 percent stake.

The post-IPO capital increase adds equity to a listed Egyptian fintech and signals further capital injections to follow.