Sony Pixel Power calrec Sony

Yahsat Awarded AED 909.5 Million Managed Services Mandate by the UAE Government

14/02/2022

Yahsat will provide managed services for ground satellite communications services and solutions for the next 5 years

Agreement represents an important milestone that further strengthens Yahsat's contracted future revenues and reiterates its long-term strategic relationship as the preferred satellite solutions partner for the UAE Government

Abu Dhabi, United Arab Emirates, 14 February 2022: Al Yah Satellite Communications Company PJSC ( Yahsat and, together with its subsidiaries, the Group ) listed on the Abu Dhabi Securities Exchange ( ADX ) under (SYMBOL: YAHSAT) (ISIN: AEA007501017), the UAE's flagship satellite solutions provider, today announced that its dedicated government arm, Yahsat Government Solutions ( YGS ), has been awarded a AED 909.5 million (USD 247.5 million) mandate to provide enhanced managed services to the UAE Government for its satellite communications capabilities. The agreement augments the previous operations and maintenance services provided, to include technology management support, from January 2022 until the end of 2026.

This mandate strengthens Yahsat's long-standing relationship with the UAE Government, which dates back over a decade, highlighting the Group's role as the preferred partner for capacity and solutions. Yahsat has been providing operations and maintenance services since 2011 on its first two satellites, Al Yah 1 and Al Yah 2, which form part of a 15-year capacity services agreement with the UAE Government. In 2021, Yahsat was requested by the UAE Government to explore two new satellites, Al Yah 4 and Al Yah 5, to be launched by 2026.

This latest milestone builds upon Yahsat's strategy to expand its Managed Solutions capabilities across the value chain to provide more strategic services to key clients within the UAE and internationally. The mandate increases the Group's contracted future revenues at the beginning of the financial year 2022 to AED 8.4 billion (USD 2.3 billion).

Ali Al Hashemi, Group Chief Executive Officer at Yahsat added, We are delighted to receive this mandate from the UAE Government to provide extensive managed services for their satellite communications capabilities. Today's announcement validates our strategic approach to expand our offering across the value chain while enhancing our ability to provide end-to-end secure and critical satellite solutions and connectivity. This further demonstrates the strength of our relationship with the UAE Government, with whom we have had a strong partnership for over 10 years. It is a sign of confidence in our offering and lays even stronger foundations for the future growth in our relationship. The mandate boosts Yahsat's contracted future revenues to provide more visibility on the long-term financial outlook for the Group.
LINK: https://www.yahsat.com:443/en/news-and-media/news/2022/yahsat-awarded-...
See more stories from yahsat

Middle East Stories

23/05/2023

Thuraya and eSAT Global Announce Satellite IoT Breakthrough with Low-Latency Messaging

Demonstration of low-power IoT messages' transmission over Thuraya's sat...

23/05/2023

Thuraya and eSAT Global Announce Satellite IoT Breakthrough with Low-Latency Messaging

Abu Dhabi , 23 May, 2023 : Demonstration of low-power IoT messages' tran...

17/05/2023

Bayanat, Yahsat and ICEYE announce an ambitious program to broaden commercial opportunitie...

New program provides further momentum to UAE space economy sector The program a...

08/05/2023

Yahsat Reports Record First Quarter Revenue in 2023

Net income and EBITDA both grew by 35% and 4% respectively year-on-year Abu Dhabi, United Arab Emirates, 8 May 2023: Al Yah Satellite Communications Company PJ...

25/04/2023

Thuraya launches new firmware to reinforce the success of its leading flagship MarineStar solution

Abu Dhabi, 25 April, 2023 : Over 29,000 MarineStar devices have been sold si...

25/04/2023

Thuraya launches new firmware to reinforce the success of its leading flagship MarineStar ...

Abu Dhabi, 25 April, 2023 : Over 29,000 MarineStar devices have been sold si...

18/04/2023

Yahsat Wins MSUA Satellite Mobile Innovation Award for Thuraya's Push-To-Talk Mobility Sol...

Yahsat has been recognized with the prestigious accolade in the highly competiti...

18/04/2023

Yahsat Wins MSUA Satellite Mobile Innovation Award for Thuraya's Push-To-Talk Mobility Solution

Abu Dhabi, 18 April, 2023 : Yahsat has been recognized with the prestigious ...

18/04/2023

Yahsat Wins MSUA Satellite Mobile Innovation Award for Thuraya's Push-To-Talk Mobility Sol...

Abu Dhabi, 18 April, 2023 : Yahsat has been recognized with the prestigious ...

06/04/2023

Thuraya Enters Agreement to Offer the Archon GoSilent Cube Encryption Solution

Dubai, 06 April, 2023 : The GoSilent Cube client is the smallest, lightest, and most cost-effective hardware encryptor for secure communications The GoSil...

03/04/2023

Yahsat's Mobility Arm Thuraya and Astrocast Strengthen Collaboration through a Strategic I...

Thuraya agrees heads of terms for investment in leading IoT and LEO network oper...

03/04/2023

Yahsat's Mobility Arm Thuraya and Astrocast Strengthen Collaboration through a Strategic Investment in LEO IoT

Abu Dhabi, 03 April, 2023 : Thuraya agrees heads of terms for investment in ...

03/04/2023

Yahsat's Mobility Arm Thuraya and Astrocast Strengthen Collaboration through a Strategic I...

Abu Dhabi, 03 April, 2023 : Thuraya agrees heads of terms for investment in ...

16/03/2023

Yahsat Selects Comtech for Development of Advanced Location Tracking Solutions as Part of Its Thuraya Next Generation Systems

Abu Dhabi, 16 March, 2023 : Abu Dhabi, UAE March 16, 2023 Al Yah Satellite ...

16/03/2023

Yahsat Selects Comtech for Development of Advanced Location Tracking Solutions as Part of ...

Abu Dhabi, 16 March, 2023 : Abu Dhabi, UAE March 16, 2023 Al Yah Satellite ...

16/03/2023

Yahsat selects Comtech for development of Advanced Location Tracking Solutions as part of ...

Abu Dhabi, UAE March 16, 2023 Al Yah Satellite Communications Company PJSC (...

15/03/2023

Thuraya Launches New Tactical Satellite Communication Solution in Collaboration with Cobham Satcom

Abu Dhabi, 15 March, 2023 : Advanced new tactical radio solution addresses exis...

15/03/2023

Thuraya Launches New Tactical Satellite Communication Solution in Collaboration with Cobha...

Abu Dhabi, 15 March, 2023 : Advanced new tactical radio solution addresses exis...

01/03/2023

Yahsat and Calidus Partner to Equip Aeronautical and Land Defence Systems with Secure Comm...

MoU signed between national leaders at IDEX 2023 to build on Yahsat's system...

28/02/2023

Yahsat Reports Strong Revenue and EBITDA Growth in 2022

Key financial guidance targets met or exceeded Contracted future revenues of AED 7.3 billion [USD 2.0 billion] Equivalent to 4.6 times annual revenue Robust...

23/02/2023

Bayanat and Yahsat sign MOU to develop in-country space program for earth observation capa...

The strategic partnership is aimed at building and operatingstrategic earth obse...

22/02/2023

GAL-AMMROC and Yahsat Partner to Expand Services for Airborne Platforms

Collaboration between two national industry leaders to expand services for UAE and MENA region airborne market creating a one-stop-shop for relevant platform ...

17/02/2023

Yahsat and Cobham SATCOM Complete Critical Design Review for Thuraya's Next Generation Bro...

The successful completion of the Critical Design Review is a key milestone in th...

17/02/2023

Yahsat and Cobham SATCOM Complete Critical Design Review for Thuraya's Next Generation Broadband Products and Service Platform

Abu Dhabi, 17 February, 2023 : Abu Dhabi, United Arab Emirates, 17 February 202...

17/02/2023

Yahsat and Cobham SATCOM Complete Critical Design Review for Thuraya's Next Generation Bro...

Abu Dhabi, 17 February, 2023 : Abu Dhabi, United Arab Emirates, 17 February 202...

15/02/2023

Life Science Expansion (DDC Journal Winter 2022)

Toronto-based real estate company branches out from traditional asset classes with multiple innovative developments Roman Brailovski, Vice President, Strategic...

15/02/2023

Yahsat and MBRSC Partner on Remote Sensing and Earth Observation

Partnership demonstrates collaboration between two leading national champions that will support the national space sector for both government and commercial cus...

11/01/2023

Yahsat Wins Best Marine Satellite Technology Accolade at Middle East Technology Excellence...

The game-changing solution, Thuraya MarineStar, from Yahsat's mobility arm T...

11/01/2023

Yahsat Wins Best Marine Satellite Technology Accolade at Middle East Technology Excellence Awards 2022

Abu Dhabi, 11 January, 2023 : The game-changing solution, Thuraya MarineStar,...

11/01/2023

Yahsat Wins Best Marine Satellite Technology Accolade at Middle East Technology Excellence...

Abu Dhabi, 11 January, 2023 : The game-changing solution, Thuraya MarineStar,...

23/12/2022

Yahsat Honours Lives of Fishermen Saved in the Philippines

Yahsat's mobility solution Thuraya XT-LITE was utilized to save the lives of seven fishermen who were stranded in waters between the Philippines and Ind...

23/12/2022

Yahsat Honours Lives of Fishermen Saved in the Philippines

Manila, 23 December, 2022 : Yahsat's mobility solution Thuraya XT-LITE was utilized to save the lives of seven fishermen who were stranded in waters...

08/11/2022

Yahsat Reports Double Digit Revenue and EBITDA Growth for the First Nine Months of 2022

Exceptional third quarter performance Abu Dhabi, United Arab Emirates, 8 Novem...

07/11/2022

Hub71 and Yahsat to Advance Innovative Technologies Supporting Satellite Operations from A...

Partnership to support Abu Dhabi based startups with commercial opportunities to...

11/10/2022

Yahsat Acquires a Minority Stake in eSAT Global

Thuraya, Yahsat's mobility business, signs complementary commercial agreement to develop a Next Generation IoT Platform with eSAT Global Investment in eSAT...

11/10/2022

Yahsat Acquires a Minority Stake in eSAT Global

Abu Dhabi, 11 October, 2022 : Thuraya, Yahsat's mobility business, signs complementary commercial agreement to develop a Next Generation IoT Platform with ...

21/09/2022

Yahsat Announces Increased Interim Cash Dividend of AED 196.6 Million (8.06 fils Per Share...

Yahsat is on track to deliver an increased total dividend of at least AED 393.3 ...

01/09/2022

Yahsat Joins UAE Climate-Responsible Companies Pledge

Pledge seeks to increase engagement from the private sector and companies in the pivot towards decarbonization 21 leading companies across the UAE joined the P...

09/08/2022

Yahsat First Half Revenues Up by 8.1% to record levels, with Net Income Increasing by 50.7...

Abu Dhabi, United Arab Emirates, 9 August 2022: Al Yah Satellite Communications ...

04/08/2022

Building Success in Torontos Downtown East Node

We are proud to announce that Toronto City Council has approved First Gulfs new King East Centre development. Located along Front Street East and Princess Stree...

20/07/2022

Building Success in Toronto's Downtown East Node

We are proud to announce that Toronto City Council has approved First Gulf's new King East Centre development. Located along Front Street East and Princess ...

01/07/2022

Yahsat Announces Appointment of Sulaiman Al Ali as Chief Commercial Officer of Yahsat to D...

In his new capacity, Sulaiman Al Ali will lead both YahClick, Yahsat's data ...

01/07/2022

Yahsat Announces Appointment of Sulaiman Al Ali as Chief Commercial Officer of Yahsat to D...

Abu Dhabi , 01 July, 2022 : In his new capacity, Sulaiman Al Ali will lead b...

01/06/2022

Thuraya Celebrates 15 Years of Pioneering Satcom Leadership in Asia-Pacific

Abu Dhabi , 01 June, 2022 : New office opened in Singapore as part of the festivities Thuraya, the mobility solutions subsidiary of the UAE's flagship sat...

01/06/2022

First Gulf and Spear Street Capital partner to develop state-of-the-art life sciences campus

Mississauga, ON (June 1, 2022) First Gulf Corporation ( First Gulf ) has par...

11/05/2022

Yahsat Reports 1Q22 Revenue Growth of 9.4% and a 26.4% Increase in Profit

1Q22 revenue of AED 362.5 million [USD 98.7 million], up 9.4% year-on-year 1Q22 Adjusted EBITDA of AED 213.4 million [USD 58.1 million], up 6.8% year-on-year ...

05/05/2022

First Gulf and Nicola Wealth Real Estate acquire Oakville site slated for Industrial Condos

The partnership acquired the 13.4 acre site to develop small-bay industrial cond...

29/04/2022

Yahsat Awarded Contracts Totaling AED 28.3 Million in Value to Design and Deliver Advanced...

Yahsat has been appointed to enable UAE Government platforms with a satellite co...

12/04/2022

Yahsat Announces Results of Annual General Meeting and Total Dividend of AED 385.5 million...

All resolutions approved at AGM including amendment to dividend policy allowing ...