MNT-Halan's Tasaheel Lead Egypt in SME Securitization with EGP 4.7B Issuance
Deal News | Jun 25, 2025 | Zawya
Tasaheel, a leader in small business lending in Egypt and part of MNT-Halan, has achieved a significant milestone by completing Egypt's first securitization issuance exclusively backed by SME portfolios, totaling EGP 4.7 billion across six tranches. This notable transaction, rated P1 and A- by MERIS, represents the largest securitization effort in Egypt as of 2025, reflecting Tasaheel's capacity in the non-banking financial sector. The issuance, directed towards promoting financial inclusion and economic growth, involved the active participation of Ahli Pharos, the Arab African International Bank as financial advisors, Matouk Bassiouny & Hennawy as legal advisors, and Baker Tilly as financial auditor. Underwritten by prominent banks, including the National Bank of Egypt, CIB, and others, this financial move underlines Tasaheel's instrumental role in supporting SMEs, disbursing over EGP 1 billion monthly, and capturing a 70% market share. Mounir Nakhla, CEO of MNT-Halan, emphasizes this success as foundational to Egypt's economic development plans.
Sectors
- Financial Services
- Banking
Geography
- Egypt – The securitization issuance by Tasaheel is a significant development in Egypt's finance sector, aimed at supporting local SMEs and contributing to national economic growth.
Industry
- Financial Services – Tasaheel's issuance of a securitization focused on small and medium enterprises (SMEs) is a notable development within the financial services sector, promoting financial inclusion and economic growth.
- Banking – The involvement of banks like the National Bank of Egypt, Commercial International Bank, and others in underwriting and advising the issuance highlights its relevance to the banking industry.
Financials
- EGP 4.7 billion – Total value of the securitization issuance across six tranches.
- EGP 1 billion – Monthly disbursement amount by Tasaheel to support SMEs.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Tasaheel | Target Company | Company | Largest and fastest-growing lender for small businesses and part of MNT-Halan, leading the securitization issuance in Egypt. |
| MNT-Halan | Parent Company | Company | Parent company of Tasaheel, focused on financial technology and services. |
| Ahli Pharos | Financial Advisor and Lead Arranger | Company | Served as a financial advisor and lead arranger for the securitization issuance. |
| Arab African International Bank | Financial Advisor and Lead Arranger | Company | Also acted as financial advisor and lead arranger for the transaction. |
| Matouk Bassiouny & Hennawy | Legal Advisor | Company | Provided legal advisory services for the issuance. |
| Baker Tilly | Financial Auditor | Company | Conducted the financial audit for the issuance. |
| National Bank of Egypt | Underwriter | Company | One of the banks that underwrote the securitization. |
| Commercial International Bank (CIB) | Underwriter | Company | Participated in underwriting the issuance. |
| Suez Canal Bank | Underwriter | Company | Contributed to underwriting the securitization. |
| Egyptian Gulf Bank | Custodian Bank | Company | Acted as the custodian bank for the issuance. |
| Mounir Nakhla | CEO | Person | CEO of MNT-Halan and instrumental in leading the securitization effort. |
| MERIS (Middle East Rating & Investors Service) | Rating Agency | Company | Provided ratings of P1 and A- for the tranches of the issuance. |