Emirati company G42 has successfully completed the sale of 118 million ordinary shares, representing approximately 2% of the total issued capital of Presight, a company listed on the Abu Dhabi Securities Exchange, through an accelerated book-building offering.

According to a statement published on the Abu Dhabi Securities Exchange website, the transaction witnessed strong demand from investors both in the UAE and internationally. G42 achieved its goals of expanding the institutional ownership base in Presight and increasing the free float of shares available for trading, thereby enhancing the stock’s liquidity.

The offered shares were priced at AED 3.12 per share, with the net proceeds from the offering reaching approximately AED 370 million (USD 100 million). The settlement of the transaction is expected to be completed on or around September 10, 2025.

G42 confirmed its full commitment to supporting Presight and retains its position as the largest shareholder in the company with a stake of approximately 68.5%. This stake will be subject to a 180-day lock-up period starting from the transaction completion date.

First Abu Dhabi Bank and Jefferies acted as joint global coordinators and joint bookrunners, while International Securities Company managed the joint bookbuilding registry for this transaction, according to the statement.