Abu Dhabi’s G42 is divesting 2% of its holding in subsidiary Presight AI through an accelerated book build (ABB) aimed at institutional investors. The move will reduce G42’s share in the data analytics firm from 70.5% to 68.5%.
The offering is expected to generate slightly over USD 100 million.
First Abu Dhabi Bank and Jefferies are acting as Joint Global Coordinators and Joint Bookrunners, while International Securities has been appointed Joint Bookrunner.
The stake sale will be open to investors across multiple jurisdictions and is designed to strengthen Presight’s market standing while broadening and institutionalising its shareholder base.
The transaction is also intended to lift free float and improve stock liquidity ahead of Presight’s anticipated inclusion in the FTSE Emerging Market Index. Following the sale, G42 will retain a 68.5% stake and has agreed to a 180-day lock-up on further disposals.
G42 remains the sole participant in this sale, with no other shareholders involved. The book build process begins immediately, with final terms due by 4 September 2025 and settlement expected by around 10 September 2025. Proceeds from the deal will go entirely to G42 and will not affect Presight’s operations or other investors.
Presight raised USD 496 million in its initial public offering on the Abu Dhabi market in 2023.
In 2024, ADNOC, G42 and Presight restructured the ownership of AIQ, an artificial intelligence venture originally formed between ADNOC and G42. Under the revised agreement, Presight acquired a 51% interest in AIQ, while ADNOC retained 49%. As part of the deal, ADNOC also received a 4% holding in Presight in exchange for 11% of its shares in AIQ.
