SNG: Egypt: MNT-Halan plans over $10mln investments in AI sector by 2027

By Zawya

By Staff Writer

Arab Finance: MNT-Halan plans to increase its investments in the AI sector to exceed $10 million by 2027, Ahmed Mohsen, the company’s Co-Founder and Chief Technology Officer, told Al Borsa.

The plan comes amid growing reliance on AI-powered applications and rising demand for computing power to support their deployment.

Mohsen noted that MNT-Halan initially earmarked around $10 million for AI investments, but current estimates indicate that spending will exceed this amount as early as next year, driven by the wider integration of AI technologies across its operations.

The recently listed company intends to allocate the bulk of its technology spending toward leasing, rather than purchasing graphics processing units (GPUs) to secure the computing resources required to power its AI solutions.

These solutions generate operational returns by improving efficiency and reducing workloads, enabling the company to handle higher business volumes without a proportional increase in costs or operational demands.

MNT-Halan celebrated the commencement of trading in its shares on the Egyptian Exchange (EGX) under the ticker symbol HALN.CA after attracting strong investor demand for its initial public offering (IPO).

The IPO attracted strong demand from both institutional and retail investors. The private tranche was oversubscribed to 11.2x and 19.4x, excluding cornerstone investors. Meanwhile, the public tranche was oversubscribed to 43.6x, attracting more than 41,500 subscription orders.

It involved a secondary offering of 320 million ordinary shares by MNT Investments B.V., accounting for 20% of MNT-Halan’s issued share capital. Of these, 272 million shares were allocated to the Private Tranche and 48 million to the Public Tranche.

© 2026 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (Syndigate.info).

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.