Halan AZ Real Estate Investment Fund has closed the inaugural tranche of its diversified real estate investment trust (REIT), marking its first investment in hospitality assets through a partnership with Brassbell Hospitality Group.

The Financial Regulatory Authority (FRA) approved Azimut Investments-Egypt’s request to establish the first digital platform for investing in real estate investment trust (REIT) units, according to a statement.

MNT-Halan’s business lending vertical has successfully concluded a landmark EGP 2.5 billion corporate bond issuance

MNT-Halan, the leading Egyptian fintech company, has entered the UAE market as part of its expansion across the region.

Egypt-based MNT-Halan’s funding portfolio is expected to surpass $1 billion by the end of 2024.

Egypt-based MNT-Halan has 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, Egypt’s fintech unicorn, has raised $157.5 million from international investors to accelerate its geographical expansion beyond Egypt.

Halan, the consumer finance arm of the first unicorn fintech in Egypt MNT-Halan, has closed an EGP 971.5 million securitized bond issuance.

The first unicorn fintech in Egypt MNT-Halan has finalized five tranches of securitized bond issuances through its wholly-owned subsidiaries in consumer finance and microfinance in 2023.