Presight AI Holding offering seen pricing at AED3.12: terms

Presight AI Holding offering seen pricing at AED3.12: terms

Abu Dhabi’s leading artificial intelligence firm, G42, has priced its secondary offering in Presight AI Holding Plc at AED3.12 per share [2]. The offering, which is set to close on Thursday, aims to sell approximately a 2% stake in the data analytics firm to institutional investors. The price represents a 67% year-to-date increase for Presight's stock, which closed at AED3.47 on Wednesday [2].

G42, which will retain 68.5% ownership after the offering, expects the sale to increase Presight’s free float and boost its chances of inclusion in broader indexes such as the FTSE Emerging Market Index [2]. The deal is being coordinated by First Abu Dhabi Bank PJSC and Jefferies Financial Group Inc., with International Securities acting as joint bookrunners [2].

The secondary offering follows a trend of growing share sales in the Middle East, which has seen about $3.7 billion raised this year through secondary sales, surpassing initial public offering (IPO) proceeds in the UAE [2]. Additionally, Abu Dhabi’s Mubadala Investment Co. is planning to sell down its stake in telecom operator Du [2].

Presight reported a 33.5% jump in organic revenue in the first half of 2025, driven by new domestic contracts [2]. The company’s initial public offering (IPO) in 2023 was heavily oversubscribed, raising $496 million [2].

References:
[1] https://medial.app/news/abu-dhabi-backed-g42-aims-to-diversify-chip-suppliers-for-ai-campus-report-the-economic-times-3472570ad88e6
[2] https://www.bloomberg.com/news/articles/2025-09-03/abu-dhabi-ai-firm-g42-seeks-to-sell-down-2-stake-in-presight