MNT-Halan’s Dutch shareholder controls a $537 million stake as free float stands at 20.8%

MNT-Halan’s Dutch holding company, MNT Investments B.V., controls 78.48% of the Egyptian fintech group, holding more than 1.25 billion shares, while public investors account for just 20.83% of its 1.6 billion issued shares, according to one of its latest corporate disclosures.

The filing shows that MNT Tech Holding, which operates under the MNT-Halan name, has 1.6 billion issued shares deposited with Misr for Central Clearing, Depository and Registry (MCDR). Its reported free float stands at 333.2 million shares, equivalent to 20.83% of the total.

The disclosure identifies MNT Investments B.V. as the only shareholder listed with a stake of at least 5%, placing the Dutch entity at the centre of the company’s ownership structure.

MNT Investments holds controlling stake

MNT Investments B.V. holds 1,255,626,666 shares in MNT Tech Holding, representing 78.476667% of the company, currently valued at EGP28.69 billion ($537.16 million). The filing also attributes the same shareholding to the entity in its disclosure of board members’ interests.

However, the shareholding composition table separately records 450,790,988 shares, or 28.17%, under shares owned by major shareholders. The two figures do not reconcile, and the discrepancy requires verification against the original filing before the figures are used to establish the company’s detailed ownership breakdown.

The company reports that 815,979,600 shares, representing 51% of issued capital, are blocked to comply with Egyptian Exchange listing rules. Total restricted and excluded shares are reported at 1.27 billion, or 79.17%, leaving 20.83% available as free float.

Mounir Nakhla leads board through 2029

Mounir Ikram Kamal Nakhla, MNT-Halan’s chief executive and managing director, serves on the board as an executive director representing MNT Investments B.V. The filing records his direct holding at 10,000 shares, equivalent to 0.000625% of issued capital.

Ghada Fathy Ismail Waly is listed as the independent chairperson. Other non-executive directors representing MNT Investments B.V. include Nader Raouf Kamal Ghabbour, Mohamed Naguib Ibrahim Abdelmegid, Ahmed Alawi Abdelhamid Eltanany, Hossam Eldin Abdelhamid Mohamed Abou Moussa and Mahmoud Youssef ElKholy.

Sherif Hisham Mohamed Salma Mamish and Hussein Mohamed are also listed as non-executive independent board members. The board’s term runs from September 2026 to September 2029, following approval of the directors’ election at the September 2026 general assembly.

Free float accounts for 20.83% of shares

MNT Tech Holding reported no treasury shares, founder-owned shares, employee incentive shares, pledged shares or shares issued against in-kind contributions in its shareholding composition.

The filing also records no shares blocked for legal reasons, while 51% of issued capital is restricted under Egyptian Exchange listing rules. It does not provide legible figures for the detailed treasury-stock movement or identifiable changes between the current and previous board structures.

The disclosure was signed for declaration by Nakhla as chief executive and managing director, who confirmed the validity of the information provided and the company’s responsibility for its accuracy.