Space42, a UAE-based AI-powered space company, has announced the appointment of Q Market Makers (QMM) as its liquidity provider, effective today.
This strategic move is part of Space42’s efforts to create a dynamic market environment following its recent formation through the merger of Yahsat and Bayanat.
The merger aims to enhance satellite communications and geospatial insights with AI solutions worldwide. With QMM’s involvement, Space42 seeks to improve share liquidity, thereby increasing market access for a broader investor base.
Karim Sabbagh, Managing Director of Space42, commented, “QMM’s expertise in liquidity provision will support our efforts to engage a broader investor base, allowing them to be part of Space42’s exciting growth story, and help us maintain a more dynamic market environment for our shares.”
Magdi Shannon, CEO of QMM, added, “Working with Space42 as their liquidity provider supports our mission to strengthen market efficiency and transparency for both established and emerging entities. We look forward to contributing to the stability and growth of Space42’s ADX-listed shares through our liquidity provision solutions.”
This collaboration promises benefits such as improved trading volumes, narrower bid-ask spreads, and enhanced price discovery, which can increase investor confidence.
