Abu Dhabi Securities Exchange lists geospatial intelligence firm – Gulf Today
- Date: 01-Nov-2022
- Source: Gulf Today
- Sector:Financial Markets
- Country:UAE
Abu Dhabi Securities Exchange lists geospatial intelligence firm – Gulf Today
Bayanat AI, one of the region’s leading high-growth AI-powered geospatial solutions businesses, has on Monday made its trading debut as the first company to list under the technology sector on the Abu Dhabi Securities Exchange (ADX) after its successful IPO. It is trading under the trading symbol BAYANAT.
Abu Dhabi-based Bayanat’s IPO will support the company’s strategy of investing in cutting-edge R&D and exploring inorganic growth opportunities to reinforce its position as a leading player in geospatial artificial intelligence solutions, smart operations solutions and smart mobility solutions. With roots stretching back to the creation of the UAE’s Military Survey Department in 1974, Bayanat was established in 2008 as a geographical information systems (GIS) specialist and has since expanded into geospatial and data analytics. After being acquired in 2020 by G42, an Abu Dhabi-based global
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