Industry, Logistics & Shipping

Sultan Al Jaber elected chairman of big data analytics firm Presight

Presight, the region’s leading big data analytics company powered by generative artificial intelligence, today (June 10) announced the election of Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Managing Director and Group CEO of Adnoc, as the chairman.
Dr Al Jaber is highly-regarded for his leadership, sound business acumen and global industrial knowledge as Group CEO of Adnoc, and is a long-standing champion in spearheading and investing in advanced technologies to support the UAE’s strategic national agenda. 
The Presight Board also elected Mansoor Al Mansoori as Vice Chairman along with members - Suhail Bin Tarraf, Kiril Evtimov, Abdulla Rashed Alrashdi, Hamda Almheiri and Thomas Pramotedham (who was elected CEO).
Last month, Presight shareholders had approved the acquisition of 51% stake of AIQ with Adnoc retaining a 49% shareholding. 
As part of the transaction, Adnoc assumed a 4% shareholding in Presight and the three entities are focused on accelerating the development of breakthrough AI solutions for the energy sector.-TradeArabia News Service