Presight AI Holding plans IPO & listing on Abu Dhabi Securities Exchange

  • Date: 06-Mar-2023
  • Source: GCC Business News
  • Sector:Financial Markets
  • Country:UAE
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Presight AI Holding plans IPO & listing on Abu Dhabi Securities Exchange

Presight AI Holding, a G42 company and a big data analytics company powered by artificial intelligence (AI), has intended to carry out an Initial Public Offering (IPO) and subsequently list its shares on the Abu Dhabi Securities Exchange’s (ADX) first market.

Recently, the UAE Securities and Commodities Authority (SCA) approved the Company’s application for the IPO.

Presight, a public company limited by shares, incorporated in the Abu Dhabi Global Market (ADGM), supports public services and commercial businesses of all magnitudes by unlocking positive societal impact with omni analytics and AI to deliver insight-driven decision-making across every sector at scale.

The Company’s solutions are deployed across three core sectors with significant potential for impact and innovative market growth, public services, finance, and sports. Presight continues accelerating into priority sectors, channeling advanced data analytics to predict environmental impact, enable efficient infrastructure use, and transform educational outcomes.

The Company’s proprietary Transformative Analytics Quotient (TAQ) platform has enabled Presight to deliver unmatched digital transformation for its customers across the globe.

TAQ integrates all-source data into adaptive AI algorithms to deliver actionable insights across the sectors in which Presight operates. The platform enables clients to understand historical performance effectively, forecast more accurately, and make timely decisions in the best interests