Company reports 9-month pro forma results following the completion of merger between Bayanat and Yahsat in October
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Abu Dhabi
Yahsat’s EBITDA improves 25% to $154 million
Revenue for the first half of 2024 down 3% to $200 million, but the company reiterates its guidance for revenue, EBITDA and cash flow
Abu Dhabi
UAE’s Yahsat reports strong Q3 with 81 percent surge in mobility solutions revenue
Third quarter revenues grow 8% YoY, second highest on record; Contracted future revenues surges to a record $6.9 billion
Etisalat
e& awarded highest level of certification for satellite infrastructure
e& currently operates a network of advanced teleports that enjoy comprehensive access to a majority of satellites spanning the EMEA and Far East regions
Connectivity
Yahsat eyes a share of $525 billion IOT market with investment in eSAT Global
Thuraya, the company’s mobility business, also signs a complementary commercial agreement to develop a next-generation IoT Platform with eSAT Global
Abu Dhabi
Abu Dhabi satellite company Yahsat’s revenues hit $206 million
Revenues rose by 8.1 percent over the first six months of 2022 and the company will pay a dividend total of AED393 million, split in two equal instalments
Abu Dhabi Securities Exchange
Abu Dhabi-based Yahsat to pay $52.5 million in dividends to shareholders for 2021
The ADX listed satellite solutions provider signed an agreement worth more than $700 million with the UAE government for managed capacity services on the Thuraya 4 Next Generation Satellite
Al Yah Satellite Communications Company
Yahsat arm wins $247.5m satellite services deal from the UAE gov’t
Gov’t mandate adds to Yahsat’s contracted future revenues which now stand at about AED8.4bn
Abu Dhabi Securities Exchange
Mubadala satellite operator Yahsat jumps on debut, boosting Abu Dhabi IPO push
Abu Dhabi’s exchange has been reaching out to state-run and family-owned companies, offering incentives such as flexibility on the minimum required stake size and reduced or zero fees
GCC IPO activity
Mubadala-owned Yahsat opens IPO to UAE investors
Yahsat’s share sale marks the first IPO in Abu Dhabi since Abu Dhabi National Oil Co. for Distribution PJSC began trading in 2017
GCC IPO activity
Mubadala satellite group tees up first Abu Dhabi IPO since 2017
Yahsat plans to list a stake of as much as 40% in the UAE capital next month
Airbus
Abu Dhabi’s Yahsat and Airbus on steady path to deliver Thuraya 4-NGS by 2024
The next generation satellite will be Yahsat’s 6th and is part of a programme delivering a new L-band ecosystem
Abu Dhabi
Abu Dhabi’s Yahsat launches satellite broadband service in Ivory Coast
ICoast eyes better online access with satellite broadband, with only 27% of the population online in Ivory Coast
Abu Dhabi
Mubadala’s Yahsat acquires majority stake in mobile satellite services operator Thuraya
Thuraya’s two satellites, which serve over 160 countries, will bring the number of satellites in the group’s fleet to five.
