The Abu Dhabi-based satellite communications company Yahsat announces a 3% rise in EBITDA and 5% growth in net profits for H1 2023
Yahsat
Al Yah Satellite Communications Company (Yahsat)
Yahsat to pump $100m in Thuraya 4-NGS programme this year
Next generation of Thuraya’s $550 million satellite network to become operational in the first half of 2025 with a wider footprint
Abu Dhabi
Bayanat, Yahsat join hands with ICEYE to boost UAE space-ecosystem
Will develop a network of five LEO SAR satellites capable of capturing images day and night regardless of weather conditions or solar illumination
satellite
Thuraya’s Push-To-Talk feature wins major mobile innovation award
Capability to manage multi-channel, person-to-person communications securely in challenging scenarios involving the military and emergency services impresses judges
Agriculture
Elon Musk’s Starlink satellite internet coming to GCC via French firm IEC Telecom
The France-based global satellite service operator, in collaboration with Yahsat arm Thuraya, is to offer a range of vessel on-board communication options, including ‘home-like’ streaming services in super yachts
Mohammed Bin Rashid Space Centre
UAE ‘exciting place’ for satellite, space exploration industry, says Yahsat executive
CFO said space exploration a “top priority for UAE”
Al Yah Satellite Communications Company (Yahsat)
Yahsat revenue hits $433m
Yahsat revenue climbs 6% to AED1.6bn
Al Yah Satellite Communications Company (Yahsat)
Yahsat’s profits soaring as UAE government departments increase use of satellites
Nine-month revenue of $315 million, up 11 percent; Contracted future revenue of $2.1 billion is more than five times the annual revenue for full 2021
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
Aerospace
As UAE’s space sector grows in stature, SpaceTech fund and accelerator are natural next steps
SpaceTech companies are among the 16 startups chosen as part of the 2021 cohort of Hub71, Abu Dhabi’s global tech ecosystem
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
Mubadala
Abu Dhabi satellite company Yahsat selects SpaceX’s Falcon 9 to expand coverage globally
Yahsat plans to launch Thuraya 4-NGS in the second half of 2023, with operations scheduled to commence in 2024
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
Abu Dhabi National Oil Co. for Distribution
Mubadala’s satellite group Yahsat IPO raises $731m
Share sale is the second largest on record in Abu Dhabi and gives Yahsat a market value of about $1.8bn
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