| | DECEMBER 20248IN FOCUSSPACE42 APPOINTS Q MARKET MAKERS AS LIQUIDITY PROVIDERJAWAHER BOSTON MEDICAL DISTRICT HOLDS INAUGURAL BOARD MEETING AT BEEAH HEADQUARTERSSpace42 (ADX: SPACE42), a UAE-based AI-driven SpaceTech firm with a global presence, has appointed Q Market Makers (QMM) as its liquidity provider.Space42 was formed through the recent merger between Yahsat and Bayanat to deliver advanced satellite communications, geospatial insights, and artificial intelligence solutions to customers globally. Following the merger, enhancing liquidity has become essential for increasing accessibility of Space42 shares to a broader investor base.By selecting QMM as its liquidity provider, Space42 seeks to enhance the market's stability and dynamism, offering greater value to both current and prospective investors. The key advantages of liquidity provision include increased trading volumes, narrower bid-ask spreads, and better price discovery, all of which help build trust among both institutional and retail investors.Karim Sabbagh, Managing Director of Space42, commented, "Space42 has chosen QMM as our liquidity provider to enhance market accessibility and the trading environment for Space42 shares. 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". In the presence of Her Highness Sheikha Jawaher bint Mohammed Al Qasimi, wife of the Ruler of Sharjah, Chairperson of the Supreme Council for Family Affairs, and Chairperson of the Board of Directors of BEEAH, the inaugural Board meeting of the Jawaher Boston Medical District was held at the BEEAH Headquarters.The Jawahar Boston Medical District is being developed in Sharjah by BEEAH with collaboration support from Mass General Brigham and Dana-Farber Cancer Institute from Boston, United States. U.S. Ambassador to the UAE Martina Strong was at BEEAH Headquarters on the sidelines of the Board meeting and was introduced to each Board member to discuss project progress and the collaboration between BEEAH in the UAE and the Boston team in the United States on the development of an innovative health system for the Jawaher Boston Medical District.The Board of Directors of the Jawaher Boston Medical District comprises Khaled Al Huraimel, Group Chief Executive Officer and Vice Chairman of BEEAH; H.E. Dr. Abdelaziz Saeed Obaid Bin Butti Almheiri, Chairman of the Sharjah Health Authority; Dr. Manal Taryam, Chief Executive Officer of Noor Dubai Foundation; Naim Yazbeck, General Manager of Microsoft UAE; Mohamed Al Marzooqi, Chief Executive Officer of HSBC UAE; Faizal Kottikollon, Founder and Chairman of KEF Holdings; and Zouheir Sabra, Chief Executive Officer ­ Capital at BEEAH.The inaugural meeting of the Board began with a message from Her Highness Sheikha Jawaher, highlighting the importance of the Jawaher Boston Medical District for healthcare in Sharjah, the UAE, and beyond. The Board recapped progress on the project to date, including project governance frameworks, the project vision, completed strategic workshops, and the recent appointment of the architect for the Jawaher Boston Medical District. They also discussed the current market landscape and strategies to enhance access to medical care for citizens and residents in the UAE, from offering specialized acute care and preventative care to emerging innovations and treatments for cancer and chronic diseases to improve patient outcomes.After their meeting, the Board and senior executives from BEEAH and Boston's team hosted U.S. Ambassador Strong at the BEEAH Headquarters, where they discussed special projects with the potential to promote collaboration in areas of mutual interest between the United States and the UAE. | | NOVEMBER 20248
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