In statements to the Emirates News Agency “WAM,” Abu Sheikh announced during the Abu Dhabi Financial Week about Astratec’s plans to enter new financial sectors and acquisitions in South Asia and India, which will be announced in the first quarter of the coming year.
He explained that the company aims to expand in Saudi Arabia to widen its services in this active market, and major activities will be announced in the next quarter. He also mentioned that the company recently completed its acquisition of a bank in the Philippines.
He pointed out that the United Arab Emirates ranks first in the Middle East and North Africa when it comes to possessing a clear agenda and governmental strategy for implementing artificial intelligence technologies, making it a role model for governments.
The artificial intelligence company “AI71” was launched a few days ago, where the company aims to focus on a wide range of fields to provide unique solutions and options for global companies and institutions in the data control field. The company relies on artificial intelligence technologies to enhance data privacy and security.
Astratec mentioned that it is the first company in the Middle East and Africa to launch an Arabic platform for artificial intelligence conversations, benefiting from the expertise of Mohamed bin Zayed University in the field of artificial intelligence, ushering in a new era of AI-based solutions in the region.
Responding to a question about Astratec’s plans to be listed in financial markets, the founder and CEO of the company said: “Considering the issuance of stocks and listing in the market is an important matter for all companies, but as for the right time for this step, it is still an undefined time for us.”
In the first of December, Abdullah Abu Sheikh, the founder and CEO of Astratec, the owner of Botim company in Abu Dhabi, announced the company’s launch of the first financial services operating with artificial intelligence technologies in the coming year, specifically in 2024.
In statements to the Emirates News Agency “WAM,” Abu Sheikh announced during the Abu Dhabi Financial Week about Astratec’s plans to enter new financial sectors and acquisitions in South Asia and India, which will be announced in the first quarter of the coming year.
He explained that the company aims to expand in Saudi Arabia to widen its services in this active market, and major activities will be announced in the next quarter. He also mentioned that the company recently completed its acquisition of a bank in the Philippines.
He pointed out that the United Arab Emirates ranks first in the Middle East and North Africa when it comes to possessing a clear agenda and governmental strategy for implementing artificial intelligence technologies, making it a role model for governments.
The artificial intelligence company “AI71” was launched a few days ago, where the company aims to focus on a wide range of fields to provide unique solutions and options for global companies and institutions in the data control field. The company relies on artificial intelligence technologies to enhance data privacy and security.
Astratec mentioned that it is the first company in the Middle East and Africa to launch an Arabic platform for artificial intelligence conversations, benefiting from the expertise of Mohamed bin Zayed University in the field of artificial intelligence, ushering in a new era of AI-based solutions in the region.
Responding to a question about Astratec’s plans to be listed in financial markets, the founder and CEO of the company said: “Considering the issuance of stocks and listing in the market is an important matter for all companies, but as for the right time for this step, it is still an undefined time for us.”
