Hadef & Partners is proud to have advised Presight AI Holding PLC in connection with Presight’s initial public offering and listing on the Abu Dhabi Securities Exchange (ADX). The announcement of the IPO was made on 6 March 2023. Subscription started on 13 March 2023 and closes on 17 March 2023 with a target listing of March 27 2023 on ADX.
The offering is expected to raise over AED 1.8 billion.
Presight AI, whose majority shareholder is G42, is the region’s leader in big data analytics powered by artificial intelligence.
Hadef was appointed as legal counsel for the IPO and we advised on the restructuring process, legal and regulatory compliance, disclosure requirements, corporate governance and other related matters.
The Hadef team in Abu Dhabi was led by corporate partner Ahmed Hadeed and guided and supported by Head of Corporate, Yasser Omar. Core team included, partner Mahmoud El Gharabawy.