Presight AI Holding PLC

On 13th Feb 2024, Kazakhstan's Ministry of Digital Development, Presight (a G42 company), and Samruk-Kazyna (the Sovereign Wealth Fund) announced a partnership to build an advanced AI supercomputer and data center cluster in Kazakhstan. This marks the first project of a newly established joint venture between the three entities, aiming to establish a national AI digital infrastructure. The project will be executed in two phases, with the first enhancing computing power within existing facilities and the second constructing a new data center and supercomputer cluster powered by green energy. This initiative aligns with the visions set forth during the COP28 conference in Dubai, reflecting Kazakhstan and the UAE's commitment to technological advancement and economic growth through AI and digital transformation.

The document provides consolidated financial statements and reports for PRESIGHT AI HOLDING PLC for the year ending on 31 December 2023.

Presight AI Holding PLC has reported a 14.7% increase in FY2023 revenue to AED 1,780.6 million, up from AED 1,552.0 million in FY2022. The company's net profit for FY2023 also grew by 5.1% to AED 570.6 million. The growth was supported by major domestic projects that went live throughout the year. For Q4'23, revenue increased by 23.3% to AED 713.5 million. The company remains debt-free with a highly liquid balance sheet. The CEO highlighted the company's strong organic growth and profitability, backed by an additional AED 1.56 billion of multi-year revenue contracts. The company plans to leverage its financial health to accelerate growth through geographical expansion, new product development, and potential acquisitions. Presight also expanded its international presence through strategic partnerships and joint ventures.

The document contains the reports and consolidated financial statements for Presight AI Holding PLC for the year ending 31 December 2023.

The text is a management discussion and analysis from Presight AI Holding PLC for the financial year 2023, with the period ending on December 31, 2023.

The Board of Directors of Presight AI Holding PLC held a meeting on February 7, 2024. During this meeting, several resolutions were adopted. These included the approval of the Board of Directors' Report for the financial year ending December 31, 2023, and the approval of the company's annual audited financial statements and the external auditor's report for the same financial year. The board also decided not to distribute dividends to shareholders for the financial year ending on December 31, 2023, and to carry over the net profits achieved in 2023 to the next year, pending approval from the company's annual general assembly.

The Board of Directors of Presight AI Holding PLC will convene on Wednesday, 7th February 2024, at 4:00PM UAE time. The agenda includes reviewing and approving the Board of Directors' report and annual audited financial statements for the financial year ending on December 31, 2023. They will also consider the distribution of dividends to shareholders, set the date and agenda for the Annual General Assembly meeting, and discuss other general matters related to the company's business activities.

The Board of Directors of Presight AI Holding PLC is scheduled to meet on Wednesday, 7th February 2024 at 4:00 PM UAE time. The agenda includes reviewing and approving the Board of Directors' report and the annual audited financial statements for the financial year ended on December 31, 2023. The board will also consider whether to distribute dividends to the company's shareholders, determine the date and agenda of the company's Annual General Assembly meeting, and discuss other general matters related to the company's business activities.

On January 12, 2024, Presight and Hitachi Digital Services, a subsidiary of Hitachi Ltd, signed a Memorandum of Understanding (MOU) to explore collaboration in smart city and cognitive city technologies. The partnership aims to identify potential areas of cooperation and synergies in these fields, with a particular focus on integrating AI into the technologies. The agreement will also explore solutions for urban planning, infrastructure, environmental and energy efficiency, digitalization, and the use of data analytics for urban management systems. The Cognitive Cities model, which processes real-time data, aims to provide proactive and predictive support to city management, residents, and businesses, thereby transforming cities into intelligent and adaptable ecosystems that improve the quality of life.