Presight appoints QMM as liquidity provider to enhance trading on ADX

Presight appoints QMM as liquidity provider to enhance trading on ADX

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

Pursuant to the liquidity provision agreement entered into between both parties, QMM shall provide liquidity to PRESIGHT shares listed on the ADX from 26th 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 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 US$496 million (AED1.822 billion).

Established since 2020, Presight has developed deep expertise in big data, analytics, and AI to create solutions that catalyse 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 setup a contact tracing and pandemic management system, supported the security and management of Dubai Expo