Bayanat AI PLC, a G42 Company, announces offer price per share and start of subscription period for Initial Public Offering

· Bayanat AI PLC confirms its intention to offer 571,428,572 shares representing 22.22% of its issued share capital as at the listing date

· The offer price has been set at AED 1.10 per share, with the Company expected to raise approximately AED 628 million upon offer completion

· Silver Lake and International Holding Company to become cornerstone investors in the IPO

· Subscription period for the offering starts today and will close on 25 October 2022 for both Retail and Professional Investors

· Listing of Shares and trading on ADX is anticipated on 31 October 2022.

For More details visit: https://www.bayanat.ai/ipo