Presight appoints QMM as Liquidity Provider for its ADX-listed shares

Presight appoints QMM as Liquidity Provider for its ADX-listed shares

Presight AI Holding, the region’s leading big data analytics company powered by generative AI, has appointed Q Market Maker (QMM), as a Liquidity Provider for Presight shares listed on the Abu Dhabi Securities Exchange (ADX).

Under the liquidity provision agreement entered into between both parties, QMM shall provide liquidity to PRESIGHT shares listed on the ADX from 26 September, 2023, by placing two-way quotes in compliance with the regulations set by the ADX and the UAE Securities and Commodities Authority (SCA). The appointment aims to enhance liquidity, ensure an orderly market, and foster investor confidence in Presight AI’s publicly traded shares.

Presight was listed on ADX in March 2023, with an initial public offering (IPO) which was oversubscribed by 136 times in aggregate. The IPO raised proceeds of approximately $496 million.

Established in 2020, Presight has developed deep expertise in big data, analytics, and AI to create solutions that catalyze information and generate insights to empower customers to make impactful decisions and turn today’s biggest challenges into opportunities.

Presight worked with the Abu Dhabi Government during the COVID pandemic to set up a contact tracing and pandemic management system, supported the security and management of Dubai Expo 2020 to ensure 24 million visitors were