Press releases, Reports & Disclosures for Presight AI Holding PLC

Presight, a leading big data analytics company utilizing Generative AI, has launched the Presight Intelli Platform at GITEX GLOBAL 2024. This platform aims to enhance city and infrastructure operations using AI. It is designed to transform operations and management across various industries and urban environments, such as smart cities, airports, ports, manufacturing, energy utilities, citizen services, public safety, and mobility. The platform offers governments and businesses the opportunity to optimize their operations through AI and Generative AI, with a focus on scalability and cost-effectiveness, allowing for seamless deployment in both small towns and large cities without requiring disruptive future updates.

Presight, a leading big data analytics company powered by generative AI, has secured a multi-million-dollar contract from Jordan's Ministry of Digital Economy and Entrepreneurship (MODEE) to drive digital transformation in the healthcare sector. The project will utilize expertise from M42's Abu Dhabi Health Data Services (ADHDS) to implement innovative technologies and data-driven strategies aimed at improving healthcare outcomes in Jordan. Key components of the contract include a comprehensive digital healthcare assessment, strategic PMO, health information exchange strategy, and the establishment of a virtual hospital "Command Center" offering tele-ICU, tele-radiology, and tele-dialysis services. The initiative began with a meeting in Jordan attended by H.E. Ahmad Hanandeh, Minister of Digital Economy and Entrepreneurship, and H.E. Dr. Firas Al-Hawari, Minister of Health.

On 5 August 2024, the Board of Directors of Presight AI Holding PLC issued written resolutions by circulation. The resolutions included the approval of the company’s financial statements for the six-month period ending on 30 June 2024, the appointment of Mr. Charles Thomas Kelly as Secretary of the Board, and other general business matters. This notification was addressed to the Market Operations and Surveillance Department of the Abu Dhabi Securities Exchange and copied to the Securities and Commodities Authority. The communication was signed by Mr. Thana Pramotedham, the Chief Executive Officer.

Presight, a leading company in big data analytics powered by generative AI, has announced a strategic partnership with Wand AI, a US-based company specializing in intelligent human-AI collaboration. This partnership aims to bring innovative AI solutions to multiple sectors.

On 10 June 2024, the Board of Directors of Presight AI Holding PLC held a meeting at 3:30 PM UAE time. The Board approved the following decisions: 1. Elected His Excellency Dr. Sultan Ahmed Al Jaber as Chairman of the Board. 2. Elected His Excellency Mansoor Al Mansoori as Vice Chairman of the Board. 3. Established the Executive Committee, which will report to the Board of Directors. The Executive Committee members are: - His Excellency Mansoor Al Mansoori (Chairperson) - Kiril Evtimov (Member) - Thana Pramotedham (Member) 4. Addressed other general business matters.

Presight AI Holding PLC has completed a transaction involving the purchase of a 51% equity stake in Matrix JVCo Ltd, a joint venture between G42 Investments AI Holding Ltd and Abu Dhabi National Oil Company (ADNOC). The total consideration for the transaction was $350 million, paid in two tranches: $245 million upon completion and $105 million to be paid by December 30, 2024. The transaction was approved by the company's shareholders at a general meeting on May 21, 2024, and all necessary conditions and regulatory approvals have been satisfied.