Presight AI Holding offering books close at 5:30pm UKT: terms

Presight AI Holding offering books close at 5:30pm UKT: terms

Abu Dhabi’s leading artificial intelligence firm, G42, has successfully completed its stake sale in Presight AI Holding Plc. The deal, which closed at 5:30 PM UKT, saw G42 offloading a 2% stake in Presight, valued at approximately $100 million. This move is part of a growing trend of secondary share offerings in the emirate [1].

G42 will retain a 68.5% ownership stake in Presight after the transaction, which is fully covered according to the terms of the deal. The stock, which closed at 3.47 dirhams ($0.94) on Wednesday, has seen a year-to-date increase of over 67%. The sale aims to boost Presight’s free float and potentially increase its chances of inclusion in broader indexes such as the FTSE Emerging Market Index [1].

First Abu Dhabi Bank PJSC and Jefferies Financial Group Inc. are serving as joint global coordinators, with International Securities acting as the joint bookrunner. This deal follows a pattern of increasing secondary share sales in the Middle East, which has become one of the hottest markets globally for initial public offerings. In the United Arab Emirates, secondary sales this year have raised about $3.7 billion, surpassing the proceeds from IPOs [1].

Presight AI Holding reported a 33.5% jump in organic revenue in the first half of 2025 after securing new domestic contracts. The company's listing in 2023 raised $496 million, a heavily oversubscribed deal [1].

Meanwhile, Abu Dhabi’s Mubadala Investment Co. is also planning to sell down its stake in the telecom operator Du, according to recent reports [1].

References:
[1] https://www.bloomberg.com/news/articles/2025-09-03/abu-dhabi-ai-firm-g42-seeks-to-sell-down-2-stake-in-presight
[2] https://finance.yahoo.com/news/qualified-introduces-piper-hubspot-1-140000421.html
[3] https://finance.yahoo.com/news/3-top-ai-stocks-buy-114500472.html