- Tasaheel plans a USD 189M (EGP 9B) sukuk issuance in January 2026 to finance Egyptian SMEs.
- The issuance, pending FRA approval, will be a single tranche with a maturity of up to 45 months.
- Al Ahly, Bank of Egypt, and CIB agreed to cover the subscription while CIB, CI Capital, and Al Ahly Pharos will manage it.
Tasaheel
MNT Halan’s subsidiary, Tasaheel, plans to launch a USD 189 million (EGP 9B) sukuk issuance in Egypt’s non-banking financing sector. It aims to do so by selling securities worth around EGP 9 billion (USD 189M). Furthermore, it plans to launch this suluk issuance in January 2026. With the issuance, it aims to strengthen its ability to finance its small and medium-sized enterprise clients.
Founded in 2015, Tasaheel is an Egyptian lender for small businesses and entrepreneurs and a subsidiary of MNT-Halan. It provides financing solutions to help entrepreneurs and owners of productive and service-based businesses expand their operations.
Sukuk Issuance
According to Asharq Business’s sources, the company is awaiting final approval from the Financial Regulatory Authority (FRA) to launch issuance. It will be a single tranche with a maturity of up to 45 months. Additionally, according to its sources, Al Ahly Egyptian Bank, Bank of Egypt, and the Commercial International Bank have agreed to cover the subscription. Meanwhile, they are currently in negotiations with another local Islamic bank to join the transaction. Furthermore, CIB, CI Capital, and Al Ahly Pharos for Securities Brokerage & Investment Banking are managing, arranging, and promoting the issuance.
Founded in 2017 by Mounir Nakhla and Ahmed Mohsen, MNT Halan is a fintech company aiming to transform access to financial services through technology. It provides business and consumer loans, prepaid cards, e-wallets, investments, savings, and e-commerce services through the Halan app and a nationwide physical presence.
Bottom line: Tasaheel’s upcoming EGP 9B sukuk aims to expand SME financing, reflecting growing investor appetite for Egypt’s non-bank sector.
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