Presight AI Holding PLC (ADX:PRESIGHT) agreed to acquire an 11% stake in AIQ from Abu Dhabi National Oil Company on May 1, 2024. As part of the transaction, ADNOC will receive 4% in Presight shares currently from G42, in exchange for 11% of its shareholding in AIQ, which, at current Presight market value, values AIQ at over $1.4 billion. The transaction will combine AIQ's breakthrough AI energy solutions with Presight's crosssector big data analytics, product development, and international markets access to position AIQ as a leading energy-focused AI organization.

By integrating AIQ and Presight's big data analytics and AI offerings, the companies will realize operational efficiencies and synergies while meeting a wider array of customer requirements, and deliver greater value for ADNOC, Presight, G42 and the UAE.