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الشورى
CIB Announces Investment in MNT-Halan
Commercial International Bank (CIB) announced its investment of up to two billion Egyptian pounds in the initial public offering (IPO) of "MNT-Halan," which is listed on the Egyptian stock exchange, as part of its funding through the public offering. This investment reflects the bank’s support for high-growth Egyptian companies, particularly in the non-banking financial services and fintech sectors. MNT-Halan has a large customer base of approximately 7.9 million and operates through a digital platform and a network of over 1,200 distribution points across Egypt. This move demonstrates the bank's commitment to enhancing diversified financing tools and expanding its presence in the Egyptian market, reaffirming its expertise in supporting economic growth through financing the non-banking sector.
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