14 Mar 2023

Hadef & Partners advise Presight AI on their IPO and listing on the Abu Dhabi Securities Exchange

Authored by: Hadef & Partners Press Office

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, associate Jhan Litov and associate Sally Yousry.


This article, together with any commentary, does not constitute legal advice. It is provided solely for information purposes on a complimentary basis, without consideration of any specific objectives, circumstances or facts. It reflects then current views of the writer which may modify in time and based on differing objectives, circumstances or facts. A writer's view may differ from views of colleagues and/or the firm. You should seek legal advice on each specific matter. Access to this article does not form an attorney-client relationship.