Abu Dhabi — UAE technology group G42 will sell a 2% stake in Presight AI Holding Plc through an accelerated bookbuild, raising about $100 million to expand the stock’s free float and attract more global investors.
The sale will reduce G42's controlling stake from 70.5% to around 68.5%. Under the agreement, G42 has committed to a 180-day lock-in on additional share sales. Books for the deal are already fully covered, under terms disclosed to investors.
The transaction is intended to enhance Presight's liquidity and support its case for inclusion in the FTSE Emerging Market Index. "Presight is a key pillar of the G42 ecosystem and a foundation stone of our Intelligence Grid offering," stated Ricky Thirion, Group CFO at G42. "Its positive performance underlines the company's capacity to achieve steady growth and the quality of leadership taking it forward."
Presight shares closed Wednesday at Dh3.47 ($0.94), a 67% gain since the beginning of the year. The firm reported an organic revenue up 33.5% in the first half of 2025, underpinned by fresh domestic contracts.
Presight’s $496 million IPO in 2023 was heavily oversubscribed, and demand for its stock has remained strong. The latest secondary sale comes as Middle East equity markets see a wave of follow-on offerings, with UAE deals raising $3.7 billion so far in 2025, surpassing IPO proceeds.
G42 is the sole seller in the Presight sale with no dilution for existing shareholders. First Abu Dhabi Bank PJSC and Jefferies Financial Group Inc. are serving as joint global coordinators and bookrunners, in addition to International Securities as joint bookrunner.
