Space42, a UAE-based spacetech company formed through a merger between Yahsat and Bayanat, has appointed Q Market Makers (QMM) as its liquidity provider. This decision was made to increase accessibility of Space42 shares to a broader investor base. By appointing QMM, Space42 aims to create a more robust and dynamic market environment for its current and potential investors. The benefits of this move include improved trading volumes, tighter bid-ask spreads, and enhanced price discovery, which can boost confidence among institutional and retail investors. Karim Sabbagh, Managing Director of Space42, expressed that this partnership with QMM will enhance market accessibility for Space42 shares, allowing a wider range of investors to participate in the company’s growth. Magdi Shannon, CEO of QMM, highlighted that working as Space42’s liquidity provider aligns with their mission to strengthen market efficiency and transparency. They look forward to contributing to the stability and growth of Space42’s ADX-listed shares through their liquidity provision solutions.

Persons: Karim Sabbagh, Magdi Shannon
Company Names: Space42, Q Market Makers
Titles: Yahsat, Bayanat, Space42, Q Market Makers

Disclaimer: This article has been auto-generated from a syndicated RSS feed and has not been edited by Vitrina staff. It is provided solely for informational purposes on a non-commercial basis