Bayanat AI PLC, a G42 company, announces its intention to list on First Market of the ADX via an IPO

Bayanat AI PLC, a G42 company, announces its intention to list on First Market of the ADX via an IPO

- Offering of a stake (which will constitute 22.22% of the share capital of the Company as at the listing date) and listing the Company on the First Market of ADX will provide investors with the opportunity to invest in one of the MENA region’s leading AI-powered geospatial intelligence businesses

- Bayanat AI PLC acts as a holding company for its operating subsidiary Bayanat GIQ PJSC and is set to become the first-of-its-kind technology business to list in the GCC and the only listed AI-powered geospatial intelligence company in the MENA region

- Subscription period for investors will open on 21 October 2022 and close on 25 October 2022

Abu Dhabi: Bayanat AI PLC, a public company limited by shares incorporated in the Abu Dhabi Global Market (the “Company”) today announced its intention to offer 571,428,572 shares of the Company for public subscription (which will represent 22.22% of its share capital as at the listing date) (“IPO”) and list the Company on the First Market of the Abu Dhabi Securities Exchange (“ADX”). The Company’s planned offering and listing will provide investors with an opportunity to gain exposure to one of the region’s leading high-growth AI-powered geospatial intelligence businesses. The subscription period for the