Sony Pixel Power calrec Sony

Mubadala-owned Yahsat announces IPO final offer price

10/07/2021

Abu Dhabi, United Arab Emirates, 9 July 2021: Al Yah Satellite Communications Company PJSC ( Yahsat or the Company ) today announces the successful completion of its book-building process and the pricing and final offer size for the initial public offering (the IPO or the Offering) of part of its existing shares (the Shares ).

The final offer price (the Final Offer Price ) for the Offering has been set at AED 2.75 per Share.

The number of Shares included in the Offering is 975,908,106 (the Final Offer Size ), which represents 40% of the share capital of the Company. The Offering was multiple times oversubscribed, with significant demand from qualified institutional and other investors (as part of the Qualified Investor Offering ) and individuals and other investors in the UAE (as part of the UAE Retail Offering ).

The Emirates Investment Authority ( EIA ) has exercised its preferential right to subscribe to (5%) five per cent. of the Final Offer Size and it has been allocated in full before the commencement of allocation.

Based on the Final Offer Price, Yahsat's market capitalization upon listing is expected to be approximately AED 6.7 billion.

The Offering has created an opportunity for investors to participate in the growth of a leading UAE based integrated satellite solutions services provider. Mamoura Diversified Global Holding PJSC (the Selling Shareholder ), a wholly-owned subsidiary of Mubadala Investment Company PJSC ( Mubadala ), will remain the majority shareholder following the Offering and will hold c.60% of Yahsat's issued share capital.

Listing and trading on the Abu Dhabi Securities Exchange (ADX) are expected to commence at 10.00am (UAE time) on 14 July 2021 under the symbol YAHSAT and ISIN AEA007501017.

Key points about the Offering

The Offering represents a number of achievements and important milestones for the Company and Mubadala:

Yahsat is a strategically important and landmark IPO for Mubadala and the UAE

The transaction has led to substantial interest and engagement from high quality, global institutional investors allowing for increased Foreign Direct Investment into the UAE, on top of the high demand and interest from local retail investors

This IPO paves the way for further interest and investment in similar, future transactions

The Offering was multiple times oversubscribed on the qualified investor tranche at a price of AED 2.75 per share

The IPO represents the first ever IPO of a Mubadala subsidiary supported since inception and creates a new platform and route for further value creation

Mubadala retains a c.60% shareholding in the Company and is fully aligned as the Company looks to further grow

Ali Al Hashemi, Chief Executive Officer of Yahsat, said:

We are delighted that the Offering has been met with substantial investor interest, both locally and internationally. It is a testament to the work and dedication of our team for more than a decade which has manifested in the strong business, operational and financial platform we have today. We are dedicated to ensuring we meet and exceed investor expectations as we continue to grow by expanding our geographical reach, while continuously innovating and driving new technologies to meet the local, regional and global demand for reliable satellite connectivity and solutions.

First Abu Dhabi Bank PJSC, Merrill Lynch International and Morgan Stanley & Co. International plc were appointed as Joint Global Coordinators and Abu Dhabi Commercial Bank PJSC, EFG Hermes UAE Limited and HSBC Bank Middle East Limited were appointed as Joint Bookrunners. First Abu Dhabi Bank PJSC was appointed as the lead receiving bank and Abu Dhabi Commercial Bank PJSC was appointed as a Receiving Bank.

The Offering was declared Sharia compliant by the Internal Sharia Supervision Committee of HSBC Bank Middle East Limited.

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.
LINK: https://www.yahsat.com:443/en/news/2021/mubadala-owned-yahsat-announce...
See more stories from yahsat

Most recent headlines

05/01/2027

Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be demoed at CES 2026

Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be ...

07/10/2026

Dalet Flex LTS Delivers Smarter Media Operations from Ingest to Distribution

Dalet, a leading technology and service provider for media-rich organizations, today announced the latest Long-Term Supported (LTS) release of Dalet Flex. Build...

06/09/2026

Dolby and MagentaTV Bring Fans Closer to the FIFA World Cup 2026 in Germany with Dolby Vision and Dolby Atmos

June 9 2026, 23:00 (PDT) Dolby and MagentaTV Bring Fans Closer to the FIFA Worl...

04/08/2026

Dalet Announces Commercial Availability of Dalia, Bringing Media-Aware Agentic AI to Enterprise Productions

Dalet, a leading technology and service provider for media-rich organizations, t...

22/07/2026

ESPN's AutoMic Technology Pays Off at Wimbledon; Baker Credits Team, AELTC for Successful Fortnight

Among other tweaks to coverage, the broadcaster added announce positions in the ...

22/07/2026

Australian Sports Technologies Network Reports Industry Growth of 16% in 2026

The Australian Sports Technologies Network (ASTN) has reported a sharp acceleration in Australia's sportstech sector, with revenue growth rising from 10% in...

22/07/2026

Production Wins, Man!': Men in Blazers' Founder Roger Bennett on Winning the FIFA World Cup as a Digital Media Brand

From a retrofitted broadcast bus to packed Match Day Live! events, Bennett detai...

22/07/2026

TMRW Sports Appoints Brendan Donohue as President, Flag Football

TMRW Sports has named Brendan Donohue as President, Flag Football, where he will lead the company's professional flag football business in partnership with ...

22/07/2026

Stephen Arnold Music Creates Audio for FIFA World Cup Projection Mapping Display at Rockefeller Center

Stephen Arnold Music (SAM) designed and produced soundtracks for nine projection...

22/07/2026

Harmonic Donates $25,000 to Venezuela Earthquake Relief Through Global Empowerment Mission

Harmonic has announced a $25,000 donation to Global Empowerment Mission (GEM) fo...

22/07/2026

Telemundo Acquires Exclusive U.S. Spanish-Language Rights to UEFA Mens Club Competitions Beginning 2027/28

Telemundo has announced it has acquired from UC3 exclusive U.S. Spanish-language...

22/07/2026

The Rest Is Football Returns to Netflix for 2026/27 Premier League Season Through 2028 European Championship

The Rest Is Football, hosted by Gary Lineker, Alan Shearer, and Micah Richards, ...

22/07/2026

Sports Studio and TheSoul Group Announce YouTube and Social Distribution Partnership

Sports Studio has announced a partnership with TheSoul Group to distribute Free ...

22/07/2026

Daktronics Concludes 2026 High School Video Summit

Daktronics has concluded its 2026 High School Video Summit, a two-day hybrid event combining virtual sessions with hands-on host school visits across the countr...

22/07/2026

FOR-A America to Exhibit at MMCA 2026 with First U.S. HVS-Q12 Sale Announced

FOR-A America will exhibit at the MMCA Show in Pensacola, Florida (July 21-24), marking the company's first appearance at the house of worship AV event. FOR...

22/07/2026

New York Yankees Select Lumen Technologies for Stadium and Data Center Connectivity

The New York Yankees have selected Lumen Technologies (NYSE: LUMN) to connect Ya...

22/07/2026

IBC 2026: Calrec To Exhibit IP Audio Ecosystem, Announce New Products

Calrec will exhibit at IBC 2026 (Stand 8.C47) with demonstrations of its IP-native audio ecosystem built around the Argo console range, and will announce two ne...

22/07/2026

Solid State Logic Appoints Algam EKO as Italian Distributor

Solid State Logic has announced the appointment of Algam EKO as its distributor for SSL large format consoles in Italy, covering the Live, Broadcast, and Studio...

22/07/2026

FloSports Launches Free Streaming Channel on Prime Video

FloSports has announced the launch of the FloSports Channel, a free ad-supported streaming channel premiering on Prime Video in the U.S. on July 21. The channel...

22/07/2026

Savannah Bananas Deploys Calrec Audio Infrastructure for Banana Ball TV REMI Broadcasts

Banana Ball TV (BTV), the broadcast operation of the Savannah Bananas, has insta...

22/07/2026

SiriusXM and Audacy Announce Agreement To Add 42 Local Stations to SiriusXM

SiriusXM and Audacy have announced an agreement bringing 42 Audacy sports, news, and talk stations from 29 U.S. markets to SiriusXM. Twenty-three Audacy sports ...

22/07/2026

Overtime, FOX One Partner on Social-First FIFA World Cup Series Race to Glory for the Creator Generation

The collaboration produced more than 500 short-form videos across four cities th...

22/07/2026

Green Bay Packers Escalate In-House Video Production With New Content Studio

At 2,600 sq. ft., the new home of digital content houses a main studio, podcast space, and an auxiliary control room NFL franchises are accelerating their prod...

22/07/2026

ERA II Vocal Codex from Eduardo Tarilonte

Library now available in Engine Player Another of Eduardo Tarilonte's popular sample libraries has just been moved over to Engine Audio's Engine Pla...

22/07/2026

Cloudvocals improved FlashTrack FT-15 DSP Microphone

All-in-one mic & DSP interface overhauled Cloudvocal have just refreshed the design of their all-in-one mic, audio interface and DSP processor, introducing ...

22/07/2026

Electro-Harmonix launch the Deluxe Big Muff Pi 2

The final boss of the lost dual-op-amp circuit Electro-Harmonix have just introduced the Deluxe Big Muff Pi 2, which they say offers their latest take on t...

22/07/2026

Clear-Com Delivers Integrated Communications for Fryderyk Awards Gala in Krakw

eds3_5_jq(document).ready(function($) { $(#eds_sliderM519).chameleonSlider_2_1({ content_source:......

22/07/2026

IAB Tech Lab Updates Podcast Technical Measurement Guidelines

Share Copy link Facebook X Linkedin Bluesky Email...

22/07/2026

FCC Adopts Plan for C-Band Auction in July 2027

Share Copy link Facebook X Linkedin Bluesky Email...

22/07/2026

LTN surpasses 3000 satellite-to-IP migrations as FCC vote...

Proven managed IP solution helps broadcasters confidently navigate the future of broadcast distribution LTN announces it has completed successful satellite-to-...

22/07/2026

Chaos Releases V-Ray 7 Update 4 Connecting Real-Time Work...

Today, Chaos announced V-Ray 7, update 4, eliminating the need for asset conversions and tool switching, which slow down media and entertainment pipelines. Arti...

22/07/2026

An AI playground for the Project Indigo camera app

An AI playground for the Project Indigo camera app Marc Levoy July 22, 2026 0 Comments At left is the user interface of our Playground, running on an ...

22/07/2026

RTS Chooses Custom Consoles Desks and MediaWalls for Stud...

Custom Consoles announces the completion of a large technical furniture project for Radio T l vision Suisse (RTS) at the networks recently inaugurated productio...

22/07/2026

Graham Media's WDIV Opens Satellite Newsroom/Coffee Shop

Share Copy link Facebook X Linkedin Bluesky Email...

22/07/2026

FCC Approves License Transfer of WTVQ-DT to Scripps

Share Copy link Facebook X Linkedin Bluesky Email...

22/07/2026

Spectrum Reach Expands Operations in N.Y.

Share Copy link Facebook X Linkedin Bluesky Email...

22/07/2026

Miris spatial streaming platform adds support for glTF in...

Culver City, CA, July 21, 2026 3D streaming infrastructure provider Miris today announced glTF intake, including the binary .glb form, to its spatial streamin...

22/07/2026

Documentary Lo Invisible Captured with Blackmagic PYXIS 6K

Documentary Lo Invisible Captured with Blackmagic PYXIS 6K Brie Clayton July 21, 2026 0 Comments Camera's versatile design allowed filmmakers to c...

22/07/2026

AAF Bridge converts AAF and XML Timelines to Ableton Live - and back

AAF Bridge converts AAF and XML Timelines to Ableton Live - and back Jerome Gardier July 21, 2026 0 Comments A two-way converter for macOS and Windows...

22/07/2026

From Class to Concert: Explore a Student-Led Production of David Bowies Work Through Photos

From Class to Concert: Explore a Student-Led Production of David Bowies Work Thr...

22/07/2026

Sky Documentaries announces The Salisbury Poisonings: A Spy Next Door

A poisoned spy, a secret war, and a small English city contaminated by a deadly chemical weapon. Available on Sky Documentaries from 4 AugustWednesday 22 July 2...

22/07/2026

Audio at Parity: Comscore Launches Transcript-Level Targeting and Measurement with Spotify, SiriusXM, Triton Digital, Acast, and Libysn

Audio at Parity: Comscore Launches Transcript-Level Targeting and Measurement wi...

22/07/2026

Arvato Systems and Lobster Enter into a Partnership

Arvato Systems and Lobster Enter into a Partnership and Combine the Integration Platform and Managed Services Flexible integration solutions for cloud, hybrid...

22/07/2026

RT PUBLISHES 2025 ANNUAL REPORT

RT REPORTS NET SURPLUS OF 22.5 MILLION IN 2025...

22/07/2026

Documentary on film censorship in Ireland coming to RT

In the Opinion of the Censor airs Monday 27 July at 9.35pm on RT One and RT Player In the Opinion of the Censor looks at how films for theatrical release wer...

22/07/2026

NVIDIA Open Sources First GPU-Accelerated Medical Physics Simulation Framework

Before a healthcare robot can be useful in the real world, it has to learn how the physical world pushes back. Anatomy varies. Instruments bend, press, slip and...

21/07/2026

High Interest, limited resources: AI in Mongolia's newsrooms

New research involving a cross-section of Mongolias independent media landscape finds enthusiasm for AI as a tool to improve efficiency, sustainability and resi...

21/07/2026

FIFA World Cup 2026: The Firsts, Breakthroughs, and Lasting Legacies

With winners Spain having already paraded the World Cup trophy through Madrid in front of millions of fans and the dust now settling on an epic tournament of th...