MNT Stock Gains 18% on debut

MNT Holding immediately drew the attention of investors on its first trading day on the Egyptian Exchange, with its stock soaring by 18% after setting the offer price at 24.50 Egyptian pounds per share. The total value of the offering was approximately 7.84 billion pounds, through the sale of 320 million shares representing 20% of its capital. The subscription witnessed strong demand, with individual investors' requests exceeding the offered shares by about 43.6 times, while the private placement for qualified investors was oversubscribed approximately 11.2 times. The company is preparing to offer 20% of its shares on the exchange and plans to enter a new Gulf market in 2026.

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