The merger’s fruition is contingent upon meeting various conditions, including regulatory approvals from entities such as the SCA, ADGM Registration Authority, and other regulatory bodies
The merger is subject to regulatory and shareholder approvals and is expected to close in the second half of 2024
The UAE’s MoD-linked Tawazun Council signed deals with defence suppliers such as Edge, SAAB, and Thales
Yahsat attributed its strong results due to the performance of its smart ICT solutions arm Thuraya Telecommunications
To stay competitive, Yahsat is focused on innovation in satellite technology, service offerings, and operational efficiency, says the satcom firm’s COO
This agreement increases the group’s contracted future revenues to Dhs25.7bn, over 16 times its 2022 annual revenues
The Asia Pacific region is amongst the main international markets for the company due to its popular solutions, which includes Thuraya’s MarineStar
The company’s mobility solutions registered strong double-digit growth in the second quarter of the year, up 12 per cent
The company seeks to boost its investments in the coming years to enhance its fleet, including the potential launch of two new satellites
Yahsat’s net income and earnings before interest, taxes, depreciation and amortisation both grew by 35 per cent and 4 per cent respectively year-on-year
Hub71 startup, Mental VR, secures first contract resulting from new partnership to support Yahsat with remote learning
As part of the agreement signed at the World Defense Show in Riyadh, Yahsat will enable comms-on-the-move solutions for military vehicles
The five-year agreement builds on previous operations and maintenance services provided to the UAE government
Yahsat will design, deliver and integrate advanced satellite communication solutions for Abu Dhabi Ship Building
Mubadala sold 975.9 million Yahsat shares, representing a 40 per cent stake, for Dhs2.75 each
The IPO gives Yahsat a market value of about Dhs6.7bn
The satellite operator plans to list a stake of as much as 40 per cent next month
Yahsat provides integrated satellite communications solutions to over 150 countries
One of its main objectives will be to build capabilities and create a technical space hub in the UAE