UAE .. Presit shares rise to the highest price in 13 months

The share of the company, “Prizeet AI Holding BLC”, which is included in the Abu Dhabi Financial Market by 5.12% during trading today, Tuesday, to trade at a price of 2.67 dirhams per share, achieving its highest price in 13 months.

22.23 million shares of the Pretsite AI Holding BLC shares were traded at that time, with a value of trading 59.28 million dirhams.

Bressate AI Holding BLC logo

The highest price for the share at that time was at 2.79 dirhams during the session, while the lowest price for the share was at 2.56 dirhams, thus touching its highest price in a year, month and 18 days.

The Bressate AI Holding BLC, listed in the Abu Dhabi Securities Market, has increased in its net profit by 13% during the first quarter of 2025, to reach 108.6 million dirhams (equivalent to 1.94 fils/per share), compared to a net profit of 96 million dirhams during the same period of 2024.

The company’s revenues witnessed a remarkable growth of 115% on an annual basis, reaching 563.9 million dirhams during the first three months of this year, compared to 262.1 million dirhams in the first quarter of 2024.

In terms of annual performance, Brisite has achieved total revenue of 2.2 billion dirhams during the fiscal year 2024, recording an annual increase of 24.3%. The net profit after the tax increased by 7.4% to 612.8 million dirhams.

International markets contributed 23% of the company’s total revenues, as its international revenues jumped by 3.5 times to reach 508.2 million dirhams during the year 2024.

In a strategic move to enhance its capabilities in the fields of artificial intelligence and machine learning, Bressate acquired the majority of the majority of AIQ, specialized in this field.