CIB backed MNT-Halan with EGP 2 billion: target for COMI stock rose to EGP 150.00
Published on 10/19/2026 at 03:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSBanking expansion and earnings
- CIB committed up to EGP 2 billion to MNT-Halan on October 5, 2026.
- First-half 2026 net profit reached USD 798.60 million, up from USD 673.58 million.
- Simply Wall Street lifted its COMI fair value to EGP 150.00 from EGP 136.50 on September 25, 2026.
Commercial International Bank Egypt (ISIN EGS60121C018) committed up to EGP 2 billion to MNT-Halan's proposed offering on October 5, 2026, while its first-half profit reached USD 798.60 million. The investment gives COMI a direct position in Egypt's expanding non-bank financial services market, but the commitment remains conditional on the offering terms.
Daily News Egypt reported on October 5, 2026, that CIB signed a cornerstone investment agreement covering the international tranche of MNT-Halan's proposed Egyptian Exchange listing. The number of shares and the final stake depend on the offer price.
Three dates show the changing story
On September 20, 2026, FirstBank said CIB's total assets reached USD 34.24 billion at the end of June 2026, up from USD 30.11 billion at the end of 2025. On September 25, 2026, Simply Wall Street reported that its fair value for COMI rose to EGP 150.00 from EGP 136.50. On October 5, 2026, CIB announced the EGP 2 billion MNT-Halan commitment.
What does the EGP 2 billion mean?
The commitment links CIB's balance sheet to a fintech offering while the bank's operating figures point to continued scale. FirstBank reported first-half 2026 net profit of USD 798.60 million, compared with USD 673.58 million in the same period of 2025, a USD 125.02 million increase. Net interest income reached USD 1.23 billion, up from USD 1.03 billion, while net fee and commission income rose to USD 117.26 million from USD 83.15 million.
Next date is October 20, 2026
WAYA reported that MNT-Halan's shares were expected to begin trading on the Egyptian Exchange on October 20, 2026. For CIB, that date marks the next visible step in the investment story, while the final ownership outcome depends on the offering price and allocation.
COMI's market context
Commercial International Bank Egypt trades on the Egyptian Exchange under ticker COMI.CA and in the financials sector, according to Global Banking and Finance Review. The combination of USD 798.60 million in first-half profit and the conditional EGP 2 billion fintech commitment leaves earnings quality and execution as the central issues for the stock.
Market context: Latest market reports.
