Sony Pixel Power calrec Sony

Mubadala-owned Yahsat Announces Intention to List on Abu Dhabi Securities Exchange

22/06/2021

- The offering creates an opportunity for investors to participate in the strategic growth of a leading integrated satellite communication services provider

- Mubadala will remain a majority shareholder following the listing of at least 30% of Yahsat's issued share capital

- The Offering and subsequent listing are currently expected to take place in the third quarter of 2021, subject to market conditions and obtaining relevant regulatory approvals.

Abu Dhabi, United Arab Emirates, 21 June 2021: Al Yah Satellite Communications Company PJSC ( Yahsat or the Company ) today announces its intention to proceed with an initial public offering ( the Offering ) of part of its existing shares (the Shares ) and to apply for admission of all of its shares to listing and trading on the Abu Dhabi Securities Exchange ( ADX ). At least 30% of Yahsat's issued share capital currently held by Mamoura Diversified Global Holding PJSC (the Selling Shareholder ), a whollyowned subsidiary of Mubadala Investment Company PJSC ( Mubadala ), will be included in the Offering to individuals and other investors in the UAE (as part of the UAE retail offering) and to qualified institutional and other investors (as part of the qualified investor offering).

Musabbeh Al Kaabi, Chief Executive Officer of UAE Investments at Mubadala and Chairman of the Board of Directors at Yahsat, said:

Mubadala takes pride in the creation of Yahsat, and is proud of its position as one of the world's leading fixed and mobile satellite communication providers, through its high caliber of talented UAE and international experts. In line with our mandate to drive technological transformation and economic diversification of the UAE, we strive to develop a world-class innovation and technology-driven ecosystem that attracts investment in Abu Dhabi and the UAE more broadly. We believe the listing of Yahsat on Abu Dhabi's Stock Exchange further reiterates our role in contributing to the growth of the UAE economy.

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

Today's announcement marks an important milestone in Yahsat's journey as we continue to build on our strong national and international partnerships and invest in new technologies to drive future growth. We believe we have established a strong and proven operational and financial track record over the years and look forward to welcoming new investors to participate in Yahsat's growth story. 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.

Details of the Offering

It is intended that the Offering will comprise of (i) a public offering to individual and other investors in the UAE (the UAE Retail Offering ) and (ii) an offering to qualified institutional and other investors in the UAE from a number of other countries (the Qualified Investor Offering ). The offer price per Share will be determined through, and following, a book-building process. All of the Shares are being offered by the Selling Shareholder which, prior to the Offering, is the sole shareholder of Yahsat. In connection with the Offer, each of the Company and the Selling Shareholder is expected to agree to lock-up arrangements restricting the disposal of the Companys securities for a period of time following admission of the shares to listing. The Offering and subsequent listing are currently expected to take place in the third quarter of 2021, subject to market conditions and obtaining relevant regulatory approvals.

Details of the Offering will be included in an Arabic-language prospectus (the Retail Prospectus ) and public subscription announcement (the Public Announcement ) in respect of the UAE Retail Offering and an English-language international offering memorandum (the International Offering Memorandum ) in respect of the Qualified Investor Offering. The Retail Prospectus and the Public Announcement will be published today and the International Offering Memorandum is expected to be published in due course.

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

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

01/06/2026

Dolby Sets the New Standard for Premium Entertainment at CES 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...

02/05/2026

Dalet Flex LTS Delivers Smarter Search, Faster Editing, and an AI-Ready Foundation for Modern Media

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

01/05/2026

NBCUniversal's Peacock to Be First Streamer to Integrate Dolby's Full Suite of Premium Picture and Sound Innovations

January 5 2026, 18:30 (PST) NBCUniversal's Peacock to Be First Streamer to ...

06/04/2026

Fab Five' Reunion Drives TNT and CBS's Experimental Final Four Altcast Built on REMI Workflow

Michigan legends bring a new voice to the broadcast as TNT Sports and CBS Sports...

06/04/2026

SVG New Sponsor Spotlight: Optikka CEO Daniel Evans on Scaling Sports Content with Programmatic Graphics

From high school sports all the way up to the major leagues, building high-quali...

06/04/2026

Quickplay and TwelveLabs Join AWS Business Outcomes Xcelerator Program

Quickplay, an AI company for the media and entertainment industry, has been accepted into the Advanced tier of the TwelveLabs Ecosystem Partner Program. Quickpl...

06/04/2026

Grass Valley Launches Future Playmakers Program for Students in Sports Production and Media Technology

Grass Valley has announced the Future Playmakers Program, a global initiative to...

06/04/2026

SVG All-Stars: Raasean Robinson, Gerente de Posproduccin y Operaciones de Estudio, FOX Deportes

El l der de operaciones impulsa la producci n en estudio mientras encuentra insp...

06/04/2026

SVG All-Stars: Raasean Robinson, Manager, Post Production and Studio Operations, FOX Deportes

The ops leader helps lead the charge in studio for the Spanish-language broadcas...

06/04/2026

Behind The Mic: SiriusXM Shares 2026 Masters Broadcast Team; ESPN to Produce Over 140+ Hours of Masters Live Coverage

Behind The Mic provides a roundup of recent news regarding on-air talent, includ...

06/04/2026

NHL Opens Innovation Lab in Partnership with Verizon, New Jersey Devils

The National Hockey League (NHL), in partnership with Verizon and the New Jersey Devils, today announced the opening of the NHL Innovation Lab powered by Verizo...

06/04/2026

ESPN+ To Stream Inaugural Rock League Curling Season

Rock League, a new professional curling league, has announced that ESPN+ will stream its inaugural 2026 season for fans in the United States. The first Rock Lea...

06/04/2026

ASG Appoints Andrea Cummis as VP of Systems Design and Engineering

Advanced Systems Group has announced the appointment of Andrea (Andy) Cummis as Vice President of Systems Design and Engineering. In this role, she will lead de...

06/04/2026

Source Media Group Launches Source Golf, a Creator-Driven YouTube Network Targeting Next-Gen Fans

Backed by Bolt Ventures, the venture brings Bryson DeChambeau, Grant Horvat, and...

06/04/2026

How the NHL's Innovation Lab Will Take Broadcast, Fan, and Team Tech to New Heights

With this environment we can start that collaboration even earlier because we ca...

06/04/2026

K-Pop Artist ENHYPEN Host The Blood Diary,' a New Video Podcast Series From HYBE

Like the immortal lives of vampires, some stories never really end. That's t...

06/04/2026

From Audio to IRL: How Let's Get Haunted' Is Building Community With Spotify RADAR

As podcasting continues to evolve, growth increasingly means building beyond aud...

06/04/2026

FSK Audio update Bark24 Dyn

Multiband dynamics plug-in enhanced California-based developer FSK Audio have released a significant update for their innovative multiband dynamics processo...

06/04/2026

IK Multimedia introduce ToneNET Preset Sharing

Share official & user-created full-rig presets IK Multimedia's latest TONEX update makes it possible for users of the popular amp and effects modelling ...

06/04/2026

Baseball 2026: More AI, Better Viewing Choices

Share Copy link Facebook X Linkedin Bluesky Email...

06/04/2026

JB&A Announces Details for its Pre-NAB 2026 Event

Share Copy link Facebook X Linkedin Bluesky Email...

06/04/2026

Dalet Showcases Dalia Agentic AI and End-to-End Media Workflows at NAB Show 2026

Dalet Showcases Dalia Agentic AI and End-to-End Media Workflows at NAB Show 2026 Brie Clayton April 6, 2026 0 Comments Dalet, a leading technology and...

06/04/2026

OpenDrives Shows Off Sports Expertise in Sports Business Hub located in NAB Show's West Hall

OpenDrives Shows Off Sports Expertise in Sports Business Hub located in NAB Show...

06/04/2026

Proton to Demonstrate 3D Application at NAB 2026

Proton to Demonstrate 3D Application at NAB 2026 Brie Clayton April 6, 2026 0 Comments Yet further creative potential unleashed through innovation in ...

06/04/2026

Autoscript Highlights Voice-Driven Prompting and PTZ Solutions at NAB 2026

Autoscript Highlights Voice-Driven Prompting and PTZ Solutions at NAB 2026 Brie Clayton April 6, 2026 0 Comments Experience Autoscript Voice, PTZ prom...

06/04/2026

Mediaproxy Highlights Significant Enhancements to its LogServer suite at NAB Show 2026

Mediaproxy Highlights Significant Enhancements to its LogServer suite at NAB Sho...

06/04/2026

Re-Architectured PCC Software Streamlines and Enhances the Full High-Speed Imaging Workflow

Wayne, N.J., April 6th, 2026 Phantom High-Speed announces the release of PCC 4...

06/04/2026

Tribeca Studios And Lilly Announce Winners Of Inaugural Vital Stories Filmmaker Program

April 6th, 2026 TRIBECA STUDIOS AND LILLY ANNOUNCE WINNERS OF INAUGURAL VITAL...

06/04/2026

Netflix Expands Kids Entertainment Lineup With Playground App for Games, New Shows & Returning Favorites

Back to All News Netflix Expands Kids Entertainment Lineup With Playground App ...

05/04/2026

Latest SoundBridge update now live

Tackles all reported bugs! SoundBridge have just announced the launch of a new update that introduces a couple of minor changes to their remote collaboratio...

04/04/2026

Don't Be Lame: Arizona Men's Basketball Social Team Aims To Catch the Attention of Wildcats Fans

The University of Arizona's Men's Basketball team has only loss twice th...

04/04/2026

HDR Makes Its Men's Final Four Debut as CBS Sports and TNT Sports Collaborate on New Camera Tools and an IP-Powered Compound

1080p HDR arrives, a new generation of storytelling tools takes center stage, an...

04/04/2026

Fab Five Reunion Drives TNT and CBS's Experimental Final Four Altcast Built on REMI Workflow

Michigan legends bring a new voice to the broadcast as TNT Sports and CBS Sports...

04/04/2026

Flock Audio's latest Patch App DX update

Faster, cleaner and more intuitive than ever The control software for Flock Audio's digitally controlled patchbay systems has just been treated to an up...

04/04/2026

Sinclair to FCC: Broadcast Sports Drives Investment in Local News

Share Copy link Facebook X Linkedin Bluesky Email...

04/04/2026

Study: Worldwide Telecom Capex to Decline in 2026,

Share Copy link Facebook X Linkedin Bluesky Email...

04/04/2026

Ateme Delivers Full End-to-End Streaming Platform to Moldtelecom

Share Copy link Facebook X Linkedin Bluesky Email...

04/04/2026

FCC Plans Spending, Regulatory Fee Revenue Reductions in FY 2027

Share Copy link Facebook X Linkedin Bluesky Email...

04/04/2026

DHD Introduces AI-Based Audio Noise Reduction to XD3 IP Core

DHD Introduces AI-Based Audio Noise Reduction to XD3 IP Core Brie Clayton April 3, 2026 0 Comments The accompanying image shows the rear panel of the ...

04/04/2026

Macnica Redefines ST 2110 Flexibility with Two Speeds on One Card

Macnica Redefines ST 2110 Flexibility with Two Speeds on One Card Brie Clayton April 3, 2026 0 Comments New for NAB Show 2026, MEP100 SmartNIC now sup...

04/04/2026

Unified Media Workflows for Story-Centric Production

Unified Media Workflows for Story-Centric Production Brie Clayton April 3, 2026 0 Comments Framelight X unifies field capture, editing and publishing ...

03/04/2026

TNT Sports and CBS Sports To Reunite Michigan's Iconic Fab Five' for Special NCAA Men's Final Four Altcast on truTV and HBO Max

Michigan's Fab Five will reunite for an alternate presentation of the Mich...

03/04/2026

NAB 2026: Avid To Showcase Content Core and AI Workflow Innovations

Avid will exhibit at NAB Show 2026 (April 18-22, Booth N2226, Las Vegas Convention Center), demonstrating its Content Core platform and new AI-driven workflow c...

03/04/2026

MRMC Appoints Nick Barthee as Chief Operating Officer

Mark Roberts Motion Control (MRMC) has announced the appointment of Nick Barthee as Chief Operating Officer. The announcement follows MRMC's transition fro...

03/04/2026

Elite Media Technologies Selects Interra Systems' BATON for File-Based QC

Interra Systems has announced that Elite Media Technologies has selected its BATON file-based QC solution for media workflows. Elite Media Technologies speciali...

03/04/2026

Moldtelecom Deploys Ateme Technologies Across Full Streaming Workflow

Ateme has announced that Moldtelecom has deployed Ateme technologies across its streaming workflow, covering encoding, delivery, operations, and analytics. Mol...

03/04/2026

NAB 2026: Grass Valley To Demonstrate Framelight X Content Management

Grass Valley will demonstrate Framelight X, its content management platform, at NAB Show 2026. The platform connects capture, ingest, editing, and publishing in...

03/04/2026

NAB 2026: Encompass Digital Media and Techex Launch Cloud-Based Master Control Service for Live Events

Encompass Digital Media and Techex have announced a cloud-native Master Control ...