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Monday, September 07, 2026

AI giants Humain and G42 look to raise outside capital

By Vijay Valecha in 'Century in News'

AI giants Humain and G42 look to raise outside...
Vijay Valecha, Mon, Sept 7, 2026 Arabian Gulf Business Insight

Abu Dhabi technology group G42, which is backed by sovereign wealth fund Mubadala, is also considering bringing in outside investors.

Vijay Valecha, chief investment officer at Dubai-based financial brokerage Century Financial, said that while the developments at Humain and G42 were meaningful signals, both companies’ plans remained at an early stage.

“The starting gun on Gulf AI listings might have been loaded, rather than fully fired,” he told AGBI.

Valecha said an IPO could help Humain diversify funding as it moved from building infrastructure towards generating commercial returns. The AI company declined to comment on whether it had appointed investment banks or other external advisers.

G42 explores US stake sale
G42 was the subject of two reports last week about potential changes to its funding and ownership.

Bloomberg first revealed that the company had held exploratory talks to raise billions of dollars from outside investors.

Two days later, the news agency reported that G42 was also considering selling a majority stake to American companies, partly to safeguard access to advanced US AI chips.

Both discussions are at an early stage and no final decisions have been made, according to Bloomberg. AGBI has approached G42 for comment.

Valecha said the two companies had relied on sovereign backing to build infrastructure and secure technology partners.

“As those businesses move towards commercial deployment, the next logical step may be to bring in external capital,” he said. “That also lets the Gulf states multiply deployed capital without proportionally increasing their sovereign exposure.”

Public-market investors would expect evidence of sustainable revenue, earnings and returns, he pointed out. Companies unable to demonstrate a clear route to profitability could instead be valued more like capital-intensive infrastructure businesses, he added.

Source
Arabian Gulf Business Insight
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