Bayanat and Yahsat to merge on October 1 to form Space42
Yahsat
Latest in Yahsat
Bayanat
UAE launches first SAR satellite, boosting Earth observation capabilities
The launch took place on August 16, 2024 from Vandenberg Space Force Base in California, USA
Abu Dhabi
Debt-free Bayanat reports 18% increase in revenue to $74.3mn
H1 Gross Profit at $22.9 million with a margin of 31%; Net Profit at $5.2 million with a 7% net margin
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
Al Yah Satellite Communications Company
Abu Dhabi’s Yahsat chooses SpaceX to launch its Al Yah 4 and 5 satellites
The two geostationary satellites form a critical part of UAE’s $5.1 billion mandate to Yahsat to provide secure governmental communications
ESG
UAE satellite firm Yahsat ranks high among Middle East’s top 10 most sustainable companies by S&P Global
Yahsat was placed 6th and 3rd positions in the Middle East and the UAE rankings respectively
Abu Dhabi
Yahsat awards $1.1bn contract to Airbus for two satellites
AY4 and AY5 will offer secure governmental communications over a wide geographical area across the Middle East, Africa, Europe and Asia
Bayanat
Bayanat, Yahsat shareholders approve merger to create SPACE42
The merger is subject to further regulatory approvals in the UAE and internationally
UAE
Yahsat says Thuraya 3 services to remain ‘significantly diminshed’
Plans for partial recovery of services underway after the company reported an unexpected payload anomaly on Monday
Bayanat
Bayanat and Yahsat to vote on merger to create AI-powered spacetech giant SPACE42
Bayanat and Yahsat merger would create one of the most valuable publicly listed space companies in the world
Al Yah Satellite Communications Company (Yahsat)
UAE communications giants bring satellite tech to standard smartphones
UAE smartphone users set for a satellite connectivity boost
Abu Dhabi
Yahsat reports record revenue in last year as standalone company
Company to merge with Bayanat and form Space42 this year; Revenue, Normalised EBITDA and Normalised Net Income grows 6%, 5% and 9% respectively
Abu Dhabi
Bayanat, Yahsat to merge into $4bn AI-powered space tech company
Bayanat is a leading AI-powered geospatial solutions provider, while Yahsat is a leading global satellite operator
Thuraya
Thuraya to offer AnsuR’s advanced video compression technology
Asmira can stream quality video at rates down to 100 kbps, or even lower; it will be offered to Thuraya customers as a bundled license
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
Dubai
Abu Dhabi satellite giant Yahsat secures $5.1bn mandate from UAE government
The announcement was made by Al Yah Satellite Communications Company PJSC (Yahsat), a prominent satellite solutions provider in the UAE on Friday
Abu Dhabi
Yahsat announces $54.7mn interim cash dividend for H1 2023
To be eligible for the dividend, investors must purchase shares no later than September 27, 2023 or be shareholders of record as of October 2, 2023