Arab Finance: Egypt-based MNT-Halan’s funding portfolio is expected to surpass $1 billion by the end of 2024, founder and CEO Mounir Nakhleh told Asharq Business.

On the sidelines of a press conference, he added that the company aims to expand its operations by applying for new licenses from the Egyptian Financial Regulatory Authority (FRA).

These licenses would cover activities such as financial leasing, factoring, real estate financing, and investment funds.

Recently, MNT-Halan acquired Tam Finans, a Turkish commercial finance firm with a loan book exceeding $300 million, from Actera Group and the European Bank for Reconstruction and Development (EBRD).

MNT-Halan announced previously that it raised $157.5 million from international investors to accelerate its geographical expansion beyond Egypt.

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