G42 to Sell $100M Stake in Presight AI
G42 to Sell $100 Million Stake in Presight AI
Abu Dhabi-based technology powerhouse G42 plans to sell a 2% stake in Presight AI Holding Plc, raising approximately $100 million through an accelerated placement with institutional investors. The sale will reduce G42’s ownership from 70.5% to 68.5%, while increasing Presight’s free float and improving its prospects for inclusion in the FTSE Emerging Market Index. G42 has also agreed to a 180-day lock-up on any further share sales.
“Presight is a vital part of the G42 ecosystem and continues to deliver strong growth,” said Ricky Thirion, Group CFO of G42.
Presight shares closed at AED 3.47 ($0.94), up 67% since the start of 2025, supported by a 33.5% revenue growth in the first half of the year.
The transaction reflects a broader surge in secondary share offerings across the Middle East, with UAE follow-on deals raising $3.7 billion in 2025, surpassing IPO proceeds. The deal is managed by First Abu Dhabi Bank PJSC, Jefferies Financial Group Inc., and International Securities as coordinators and bookrunners.
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