Abu Dhabi, United Arab Emirates, 14 July 2021: Al Yah Satellite Communications Company PJSC ( Yahsat or the Group ), a leading satellite communications services provider, today announces the official listing of its shares and the commencement of trading on the Abu Dhabi Securities Exchange ( ADX ), following the successful completion of its initial public offering (the IPO or the Offering). The company is now traded under the ticker symbol: YAHSAT
The IPO of Yahsat is a strategically important and landmark transaction for Mubadala and the Abu Dhabi markets. It represents the first ever IPO of a Mubadala subsidiary supported since inception and creates a new platform and route for further value creation.
The Offering has led to substantial engagement and interest from high quality, global institutional investors, allowing for increased Foreign Direct Investment into the UAE and paving the way for further interest and investment in similar, future transactions, on top of the high demand and interest from local investors.
Through the Yahsat IPO, Mubadala was able to raise AED 2.68 billion by selling 40% of share capital at AED 2.75 per share, resulting in the Group's market capitalisation of approximately AED 6.7 billion. Tranches were oversubscribed by multiple times, indicating strong interest in participating in Yahsat's growth story and its future plans.
The transaction is also a reflection of investor confidence in the capital markets of Abu Dhabi and further cements Mubadala's active role in enabling the post-pandemic recovery in the global economy, attracting investment to Abu Dhabi and the UAE more broadly.
Mubadala retains a c.60% shareholding in the Company and is fully aligned with Yahsat as it looks to grow further.
H.E. Mohammed Ali Al Shorafa Al Hammadi, Chairman of ADX, commented:
The listing of Yahsat highlights the key role ADX is playing in Abu Dhabi's economic diversification strategy by attracting major leading companies to float and list on the exchange. Abu Dhabi's solid regulatory environment, the culture of innovation that has been fostered by the Emirate's leadership is also increasingly attracting global investors who recognize the strength and potential of Abu Dhabi's capital market attractiveness
Musabbeh Al Kaabi, Chief Executive Officer of UAE Investments at Mubadala and Chairman of the Board of Directors at Yahsat, said:
Today's listing of Yahsat on ADX marks a monumental achievement for Mubadala and Yahsat. As Mubadala's first IPO, and one of the most successful IPOs in the region in the last decade, this key milestone is a reflection of investor confidence in the capital markets of Abu Dhabi and reiterates our active role in enabling the post-pandemic recovery in the global economy. The listing of Yahsat is also a testament to the sophisticated investor appetite from local and international retail and institutional investors by attracting capital to Abu Dhabi's financial markets and signals a growing demand for communications technologies.
Ali Al Hashemi, Chief Executive Officer at Yahsat, said:
Today's announcement marks an important milestone in the journey of Yahsat as we begin life as a listed company. As we celebrate this achievement, our priorities remain unchanged we are committed to building on our strong and proven operational and financial performance to date, in an effort to further strengthen the Group's position as one of the world's leading satellite communications services providers.
He added: We have put in place a strategy that will enable us to not only maintain but also expand our geographical reach and capture future growth opportunities. We will continue to invest in new technologies and infrastructure to meet the global demand for reliable connectivity.
Saeed Hamad Al Dhaheri, Chief Executive Officer of ADX, said:
We are pleased to welcome the listing of Yahsat to the Abu Dhabi Securities Exchange. The listing demonstrates the success of our ADX One strategy in providing access to capital for companies' growth and a diversified sector representation for investment in the Exchange. The listing of Yahsat has also further enhanced the market capitalisation of the ADX following the landmark AED 1 trillion milestone that it recently surpassed. In the coming period, we will continue to roll out new products and services to deepen market liquidity and access to finance, which has been greatly enhanced since the introduction of Q Market Makers in October.
With operations in more than 150 countries spanning 5 continents, Yahsat is the preferred partner for reliable integrated satellite communication solutions and an industry centre of excellence for both government and commercial customers. The Company was established in the UAE in 2007 to meet the growing demand for satcom services by providing a secure and reliable means of global connectivity, regardless of geographic constraints.
Most recent headlines
05/01/2027
Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be ...
04/08/2026
Dalet, a leading technology and service provider for media-rich organizations, t...
04/07/2026
April 7 2026, 19:00 (PDT) Detective Conan: Fallen Angel of the Highway Opens in...
01/06/2026
January 6 2026, 05:30 (PST) Dolby Sets the New Standard for Premium Entertainment at CES 2026
Throughout the week, Dolby brings to life the latest innovatio...
13/05/2026
New Adobe Premiere Color Grading Mode Accelerated on NVIDIA GPUs
Joel Pennington May 13, 2026
0 Comments
New NVIDIA RTX-accelerated features streamlin...
13/05/2026
Grass Valley announced that dB Broadcast has delivered new IP-based outside broadcast (OB) trucks for Cloudbass, featuring Grass Valley LDX 100 Series cameras a...
13/05/2026
Ikegami will exhibit the latest additions to its wide range of broadcast production cameras, control units, viewfinders and monitors on stand 5D3-1 at Broadcast...
13/05/2026
FISE, working with the founding members of the XR Sports Alliance (XRSA), Accedo, Qualcomm Technologies, Inc. and HBS, have collaborated to develop an immersive...
13/05/2026
Canon Unveils New EOS R6 V Full-Frame EOS Camera and RF20-50mm F4 L IS USM PZ Bu...
13/05/2026
Boston Conservatory at Berklee Honors Beth Morrison and Moses Pendleton at Comme...
13/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
13/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
13/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
13/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
13/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
13/05/2026
Creative software developer Foundry today announced the latest developments on Nuke Stage. A purpose-built application for end-to-end virtual production and in-...
13/05/2026
A definitive portrait of one of Ireland's most influential musicians
New TV documentary airs Monday 18 May on RT One and RT Player at 9.35pm
Watch the...
13/05/2026
Agentic AI is changing the way users get work done. Following the success of OpenClaw, the community is embracing new open source agentic frameworks. The latest...
13/05/2026
Reinforcement-learning agents - AI systems that learn by trial and error - can c...
12/05/2026
Beyond the Hype: A Strategic Post-Hoc Analysis of NAB 2026 If NAB Show 2026 had an underlying theme, it was a quiet, industry-wide pivot from the high-energy sp...
12/05/2026
Guntermann and Drunck (G&D), a Panoptec Technologies Group company, and CT Square, led by Chandresh Shah, have announced a joint venture to distribute G&D and V...
12/05/2026
With 30 days until the start of the FIFA World Cup 2026, Telemundo, the exclusive Spanish-language home of the tournament in the United States, has announced th...
12/05/2026
The NHL has announced the return of Stanley Pup for its third consecutive year, a 90-minute special featuring adoptable rescue dogs competing on a miniature rin...
12/05/2026
NBCUniversal presented its 2026 Upfront to advertisers at Radio City Music Hall, detailing upcoming programming across NBC, Peacock, Bravo, and Versant properti...
12/05/2026
FOX Sports has announced funding for the Fandom and Social Connection Initiative at Harvard Kennedy School's Shorenstein Center on Media, Politics, and Publ...
12/05/2026
TNDV and Live Media, both divisions of Live Media Group, supported live broadcast coverage around NCAA Final Four weekend in Indianapolis, including the March M...
12/05/2026
The European Football Alliance (EFA) has announced a content distribution agreement with Fubo Sports Network, the free ad-supported streaming TV (FAST) channel ...
12/05/2026
For the first time, Spanish-speaking fans in the U.S. will have two separate tel...
12/05/2026
CP Communications led a comprehensive spectrum management initiative on behalf of Churchill Downs during Kentucky Derby week, coordinating RF assets across the ...
12/05/2026
LiveU has announced a strategic partnership with DRONERESPONDERS, a 501(c)3 non-...
12/05/2026
Open Broadcast Systems has announced that BMC TV, a specialist in IP transport of broadcast content, has selected the Open Broadcast Systems 5G Flyaway solution...
12/05/2026
NEP Europe, part of NEP Group, has announced it will deliver broadcast solutions...
12/05/2026
Grass Valley has announced continued collaboration with Ravensbourne University ...
12/05/2026
Stats Perform has announced the launch of Opta Pulse, an AI-assisted video creation and distribution platform for leagues, rights holders, and broadcasters. The...
12/05/2026
FOX Sports has announced a collaboration with Sesame Workshop to integrate Sesame Street characters into FOX Sports' FIFA World Cup 2026 programming. Conten...
12/05/2026
To date, NHL Productions has produced 19 broadcasts with commentary in American Sign Language
NHL in ASL (American Sign Language) may be just one show, but the...
12/05/2026
Google's Brian Albert: creators, athletes, highlights, nostalgia, second-scr...
12/05/2026
A still from Past Lives by Celine Song, an official selection of the Premieres program at the 2023 Sundance Film Festival. (Courtesy of Sundance Institute | p...
12/05/2026
Spotify is where fans and artists come together, turning discovery into somethin...
12/05/2026
Features patented Marco-MMC clocking technology
Black Lion Audio's latest release combines the company's expertise in clocking with their renowned p...
12/05/2026
New Track Panel, sequencer upgrades & more
Following their recent public beta release, Reason Studios have announced the full release of Reason 14. With the...
12/05/2026
One month to go! SBS reveals expansive FIFA World Cup 2026 lineup beyond the pi...
12/05/2026
Rohde & Schwarz presents its advanced solutions for power electronics testing at...
12/05/2026
aconnic AG (ISIN: DE000A0LBKW6), Munich, has developed a modified fund raising p...
12/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
12/05/2026
Tyrell Corporation, specialists in high-end live sports and entertainment broadcasts, was tasked with delivering compelling broadcast coverage of premier equest...
12/05/2026
Registration is now open for IBC2026 as the global media, entertainment and technology community prepares to converge on the RAI Amsterdam from 11 14 September ...
12/05/2026
Ross Video, a global leader in live video production technology, will present its latest innovations and integrated production workflows at BroadcastAsia 2026, ...
12/05/2026
500 selected leaders from around the world across start-ups, corporates, and venture capital. Over 50bn in assets under management among attending investors, a...
Abu Dhabi, United Arab Emirates, 14 July 2021: Al Yah Satellite Communications Company PJSC ( Yahsat or the Group ), a leading satellite communications services provider, today announces the official listing of its shares and the commencement of trading on the Abu Dhabi Securities Exchange ( ADX ), following the successful completion of its initial public offering (the IPO or the Offering). The company is now traded under the ticker symbol: YAHSAT
