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CIB invests 2B EGP in MNT-Halan
The Commercial International Bank (CIB) Egypt has finalized a major investment agreement with MNT-Halan, involving the purchase of shares through an international offering valued at up to 2 billion Egyptian pounds. The aim is to support this leading non-banking financial services company. This investment is a step towards strengthening the bank’s participation in the Egyptian financial market and expanding its presence in the fintech sector and digital financing services. Officials emphasized the importance of this partnership in supporting the growth of the non-banking financial sector and developing innovative financing tools. MNT-Halan was established in 2009, and its services include financing totaling 178 billion pounds, serving approximately 7.9 million clients through its digital platform and a network of 1,200 distribution points across Egypt.
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