EFG Holding stock: MNT-Halan IPO prices at EGP 24.50. What it means for EFG Holding stock

Published on 10/22/2026 at 06:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

EFG Holding completed an EGP 7.84 billion IPO role on October 20, 2026. For EFG Holding stock, second-quarter revenue reached EGP 6.5 billion, up 7 percent.

IPO role and results date

EFG Hermes completed its MNT-Halan IPO role on October 20, 2026, for an EGP 7.84 billion offering.
Second-quarter revenue reached EGP 6.5 billion, up 7 percent year over year, while net profit was EGP 776 million.
EFG Holding stock has its next reported results scheduled for November 18, 2026.

HRHO, EGS69101C011, Illustration mit AI erstellt.

EFG Holding (ISIN EGS69101C011) completed its role in MNT-Halan's EGP 7.84 billion initial public offering on October 20, 2026, with shares priced at EGP 24.50, according to ZAWYA. The transaction gives the group's investment-banking arm another concrete capital-markets mandate in Egypt.

What does EGP 7.84 billion change?

The IPO role adds a recent operating example to EFG Holding's three-part structure, which combines EFG Hermes, non-bank financial institutions and Bank NXT. The offering was described as Egypt's largest IPO since 2021 in US dollar terms, while EFG Holding operates across six countries, according to ZAWYA.

For the second quarter of 2026, operating revenue reached EGP 6.5 billion, up 7 percent year over year. Net profit after tax and minority interests was EGP 776 million, down 3 percent year over year, while total assets stood at EGP 260.7 billion at the end of June, according to Techno Time. The comparison matters because revenue growth did not translate into higher net profit during the period.

Three dated steps in expansion

On September 22, 2026, EFG Holding secured an EBRD loan of up to USD 40 million for micro, small and medium-sized enterprise financing, according to Techno Time. On October 12, 2026, EFG Hermes UAE launched market-making and liquidity services on the Dubai Financial Market, according to Techno Time. On October 20, 2026, the group completed its MNT-Halan IPO mandate at EGP 24.50 per share, according to ZAWYA.

When does the next report arrive?

EFG Holding's next results are scheduled for November 18, 2026, according to Investing.com. That date will provide the next formal test of whether the group's capital-markets expansion is improving earnings alongside revenue.

Stock context in Egypt

The last available EGX quotation stood at EGP 24.80 on October 21, 2026 at 3:35 p.m. EET, while market capitalization was EGP 35.6 billion on the same dated market snapshot. EFG Holding stock is listed on the Egyptian Exchange under HRHO and is included in the EGX30, according to the dated market reference.