Abu Dhabi National Oil Company (ADNOC), G42 Company, and PreSight Holding Company, listed on the Abu Dhabi Stock Exchange, announced a new ownership structure for the shares of AIQ, the leading company in the field of artificial intelligence and its applications in this vital sector.

Under this strategic agreement, BriSight will acquire 51% of AIQ shares, while ADNOC will retain a 49% stake.

This step comes as clear evidence of the three partners’ commitment to enhancing AIQ’s capabilities in the field of artificial intelligence and expanding the scope of its applications in the energy sector, thus contributing to advancing progress and innovation in this field.

AIQ, based on BriSight’s current market cap, is valued at more than $4.1 billion; Which reflects the enormous potential that this company has in the field of artificial intelligence.

AIQ will continue its work independently, focusing on providing innovative artificial intelligence solutions for the energy sector, leveraging the big data provided by ADNOC, in addition to BriSight’s extensive experience in big data analysis, product development, and global market access.

Commenting on this agreement, Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, Managing Director and CEO of ADNOC and its group of companies, affirmed ADNOC’s commitment to adopting artificial intelligence technologies and enhancing its contribution to driving production, economic growth and social progress.

Al Jaber added that ADNOC seeks to consolidate its position as the energy company most dependent on artificial intelligence in the world, by providing safe, low-emission energy supplies to the world in a smarter manner.

For his part, Mansour Al Mansouri – Member of the Executive Council of the Emirate of Abu Dhabi, Chairman of the Abu Dhabi Department of Health, and Chairman of the Board of Directors of Brisight – pointed out that Brisight has succeeded, since its inception, in establishing itself as an international giant characterized by solid growth, sustainable profits, and a superior ability to attract the most prominent talents and clients from across the world. the whole world.

He expressed his confidence that this deal will open new horizons for both Brisight and AIQ, and enable them to achieve unprecedented growth potential. Which puts them in a leadership position locally and globally.

In turn, Ping Xiao, CEO of G42 Group, stressed that this deal once again demonstrates G42’s ability to develop companies, enable them to achieve technological excellence in their fields, and create added value for shareholders.

He added that artificial intelligence plays a pivotal role in accelerating the transition towards sustainable energy, and that BriSight’s acquisition of AIQ, with plans to serve ADNOC and the broader energy sector, strengthens the company’s commitment to the health of our planet and its people.