Mounir Nakhla, founder and CEO of MNT-Halan, announced plans for the company to issue securitization and bonds worth up to EGP 30 billion by year-end. This comes amid the firm's expansion in key markets despite exceptional geopolitical conditions. The company also plans to launch the second issuance of the Halan AZ Real Estate Fund in the second quarter.
MNT-Halan is operating under exceptional geopolitical conditions, according to Mounir Nakhla, its founder and CEO. Nonetheless, the company continues its expansion across four key markets: Egypt, Turkey, Pakistan, and the United Arab Emirates, with strong operational and financial performance. Nakhla stressed that each entity within the group is in its strongest position since inception, despite regional challenges.
In Egypt, a main driver of growth, the company issues financial cards monthly that nearly match the total from the Egyptian banking sector, with over 1.2 million activated cards and 70,000 to 120,000 new ones issued each month. A single application provides an integrated financial ecosystem, including investment funds, financing, card services, and bill payments, serving more than 100,000 customers investing in funds and attracting 10,000 to 15,000 new investors monthly.
As part of investment expansion, the second issuance of the Halan AZ Real Estate Fund is set for the second quarter of 2026, targeting at least EGP 250 million in capital, following the first issuance of the same amount. The fund allows individuals to make partial investments in administrative real estate assets, broadening the investor base through regulated tools. The company is also seeking a mortgage finance license this month to enhance its integrated services.
In parallel, MNT-Halan plans a debt financing program worth up to EGP 30 billion through securitization issuances and bonds by year-end, aiming to diversify funding sources and support its non-banking financial services in Egypt. This includes expanding the use of artificial intelligence in operations and service efficiency.