Founded in 2020 as a G42 company, Presight embodies the three vital elements of successful start-ups: a bold vision, creative people, and an unmatched desire to create meaningful change, focusing on the region’s digital transformation through big data analytics powered by artificial intelligence (“AI”). Presight delivers for clients across multiple sectors with a focus on three core pillars with deep potential for innovation and market growth: Public Services: Enhance public services and optimize government efficiencies through big data analytics powered by AI Finance: Identify financial anomalies, fraud, and risks using big data analytics powered by AI Sports: Augment sports performance and fans’ experiences using big data analytics powered by AI Our solutions continue to expand into new verticals, applying the use of advanced data analytics to help organizations answer climate and environmental challenges, support greater efficiency in the use of public infrastructure, optimizing city resources and improving student learning success and educational programs. We deliver tangible business and societal impact by understanding data and accelerating transformation through analytics and AI. The foundation of our business is the Transformative Analytics Quotient (“TAQ”), our omni-analytics and big data platform that drives key business verticals by gathering and rapidly analysing all source data to enable forecasting of likely outcomes to support insight-driven decision-making. On 6 March 2023, Presight announced its Intention To List on the Abu Dhabi Securities Exchange (“ADX”) to support the implementation of its ambitious growth strategy geared towards greater international expansion and securing inorganic growth opportunities; and enhancing research & development.
Presight’s intention to list on the Abu Dhabi Securities Exchange is the latest milestone for G42. As the region’s leading big data analytics company powered by AI, Presight combines big data, technology, and talent to answer real-world challenges in every sector and of every scale. This historic moment provides a compelling opportunity for investors and will support us in delivering our ambitious growth strategy which builds on the increasing demand for big data analytics as digital transformation accelerates across sectors. We understand the immense value that data holds, and our goal is to help nations and organizations harness the power of their data to make informed decisions, drive growth, and achieve their goals responsibly. As we embark on this exciting phase of Presight's growth, I am confident of its capabilities in delivering not just shareholder value but also in delivering its promise of unlocking positive societal impact, globally.
Presight AI Holding PLC (Presight) has delivered strong financial performance characterized by solid revenue growth, healthy margins and robust cash flow generation. Presight’s revenue growth has been strong, at USD 423 million for the financial year ending 31 December 2022, up 16% on the financial year ending 31 December 2021. This revenue growth has resulted from a material growth in Presight’s customer order book comprising long-term recurring customer contracts. Presight has demonstrated substantial growth in profitability, recording gross profit for the financial year ending 31 December 2022 of USD 266 million, up 92% on the financial year ending 31 December 2021, and net profit of USD 148 million for the financial year ending 31 December 2022, an increase of 55% on the financial year ending 31 December 2021. Gross and net profit margins are solid, at 63% and 35% respectively for the financial year ending 31 December 2022.
Presight has an ambitious growth strategy. The key pillars of this strategy are: International Expansion: Presight is well positioned to capture international market share, by setting up efficient ‘go- to-market’ channels, marketing programs, increasing local presence and infrastructure. Inorganic Growth: Presight expects to make significant investments in its core focus area of AI and big-data analytics with the objective of enhancing its product portfolio and technological capabilities. Research & Development: Presight’s R&D capabilities are a key component of its historical success and growing its operational footprint, leading to the development of its proprietary TAQ platform deployed our core and priority verticals.
Presight has a strong pipeline of new and recurring customer contracts fuelling a healthy customer order book and organic revenue streams.
Presight has entered into a cornerstone investment agreement with International Holding Company (ADX: IHC). This cornerstone agreement demonstrates the confidence IHC has in Presight’s growth trajectory and paves the way for further collaboration and growth opportunities regionally and globally.
To subscribe to the Presight IPO, please follow the steps outlined below. More detailed information on how to subscribe can be found in the prospectus which is available to download here.
If you don’t have a NIN, you can register for one instantly with your UAE Pass through the ADX SAHMI app or by calling the ADX call center on 800239. If you are unsure whether you already have a NIN, please call the ADX customer service center at 800239 or email info@adx.ae
Review the content and documents on this IPO webpage for information about the company and its IPO. The prospectus provides all material information about the company and the IPO.
Once you have familiarized yourself with the company, you can make an informed investment decision.
If you have decided that you would like to invest, you can subscribe to the offering through the Receiving Bank, First Abu Dhabi Bank (FAB) or through the ADX e-portal - e-IPO Portal (adx.ae). Further information about how to subscribe through First Abu Dhabi Bank (FAB) can be found further down this page and in the prospectus. Professional investors should contact International Securities.
You will be notified of the number of shares allocated to you. You may or may not receive the full allocation of your order. In the event of oversubscription of the offer shares, any excess amounts will be refunded to you.
Presight offers a compelling opportunity for regional investors to invest in the region’s leading big data analytics company powered by AI.
Underpinned by solid historical growth in recent years, a robust balance sheet with headroom to capture forecasted growth, and a strong organic pipeline driven by dependable and predictable revenues thanks to long-term committed and recurring contracts, Presight is a unique investment case being offered to strategic investors at a significant discount.
Please refer to the ‘How to subscribe’ section of this webpage, or refer to relevant section in the prospectus.
The subscription period for the listing will open on 13 March 2023 and close on 17 March 2023, with the final allocation of shares to be announced in due course.
The Company intends to list on ADX on 27 March 2023.
1. Access https://www.bankfab.com/en-ae/cib/iposubscription Refer to the “How to subscribe page” and follow the instructions and submit subscriptions for the Retail Offer Shares.
2. FAB Mobile Banking Application (for FAB clients) In case of any issues or support required, please contact FAB call center at +971-26161800
Floor 33, Al Khatem Tower, Abu Dhabi
Global Market Square
Al Maryah Island, Abu Dhabi
