Yahsat records 6% increase in revenue in 2022
Yahsat has proposed a 2% increase in dividend, as revenues rose to more than $430m.
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Yahsat has proposed a 2% increase in dividend, as revenues rose to more than $430m.
The strategic partnership is aimed at building and operating strategic earth observation capabilities within the UAE.
The companies will explore localising engineering and modification certification services for airborne platforms.
John Sheldon moderated the first chat, where Yahsat's Group CEO shared his perspectives on the evolving space economy.
These products are designed in cooperation with Cobham Satcom to ensure the delivery of a wide spectrum of services.
The agreement will expand Yahsats solutions-based offerings to include remote sensing data and imagery to key clients in-line with targeted areas of growth.
By 2040, the MENA region could have a space economy worth over $1tn, up from $469bn currently.
The company attributed its revenue growth to the performance of its managed solutions business, which serves the requirements of the UAE government, including related bodies and entities.
Thuraya, Yahsats mobility business, has also signed a complementary commercial agreement to develop a next-generation IoT platform with eSAT Global.
The final day for purchasing shares to fulfil eligibility for interim dividend payment is September 28.
Somani will join ABS after having served nearly 13 years at Yahsat where he held the role of Chief Strategy Officer.
The launch of the UAE Climate-Responsible Companies Pledge is part of MOCCAEs initiatives focused on scaling up the UAEs climate action in response to the call of the Glasgow Climate ...
The company has raised its projected revenues for 2022 to at least $420m, keeping the upper end of the range unchanged at $440m.
This year's exhibitors include Liquid Telecom, PCCW Global, Intelsat, China Mobile, Yahsat, and Motorola Solutions.
In his new role, Al Ali will lead both YahClick, Yahsats data solutions arm, and Thuraya, its mobility business.
The office launch coincides with 15 years of Thurayas success in the APAC market and was inaugurated in the presence of Emirati and Singaporean dignitaries.
With 90% of the projected revenue for FY 2022 secured, Yahsat expects sustained momentum while maintaining a robust balance sheet to support dividend payments and growth investments.
Yahsat will design and deliver integrated satellite communications and ground control services for federal platforms.
SatTrack for Land is built upon Thuraya's recently launched SatTrack service for the maritime market segments.
The MoU will enable Al Seer Marine to build on Yahsats experience in delivering secure satellite communications services.
Rotana Media Group is ambitiously upgrading various parts of its facility in Egypt with state-of-the-art infrastructure, as part of a larger plan to move more aggressively into global markets. BroadcastPro ...
The agreement is built on Yahsat and NIMRs pre-existing partnership to provide the UAE Government with advanced vehicular satcom capabilities.
The company has reported the highest ever Net Income (profit attributable to the shareholders) of $69.8m.
GSOA's mission is to promote satellite communications to achieve the UN Sustainable Development Goals and contribute to space sustainability.
With this mandate, Yahsat has maintained its long-standing relationship with the UAE Government, which dates back over a decade.
Yahsat will work closely with Abu Dhabi Ship Building to design, deliver and integrate the latest-generation satellite communication solutions.
The satellite will continue to connect us now and to power the goal of bringing the world online.
The partnership aims to bolster the quality of education for students in areas lacking connectivity.
As a result of this partnership, both organisations will be able to expand into existing and new markets across the Middle East, Africa, and Asia.
Yahsats mobility arm estimates $80m of revenues from a new broadband distribution agreement with Cobham.
Yahsat will also be included in global index services provider Morgan Stanley Capital Internationals Small Cap Indices from December 1, 2021.
The awards recognised excellence in the satellite and broadcast industries across the MENA region.
The MoU establishes a framework to discuss the provision of fixed and maritime VSAT connections for Mubadala Petroleums offshore operations in South East Asia to support multiple applications including welfare, ...
The awards honoured the champions whose passion, ability and tech know-how are taking the industry to an unheralded era of innovation.
The announcement follows the signing of a Memorandum of Understanding between Yahsat and Tawazun Economic Council in February 2021.
The new agreement enables Thuraya and GTNT to introduce next-generation mobility solutions and tap into new opportunities in the Russian market.
Yahsat claims to be well positioned for future growth with contracted future revenues of more than $2bn from significant new Commercial and Government deals secured in Q3 2021.
The MoU brings together Yahsats advanced upstream satellite capabilities and G42s downstream artificial intelligence, cloud computing and analytics capabilities.
Al Qubaisi explores closer cooperation in spaceflight technology, investment, scientific research, exploratory missions, and knowledge sharing with global partners at the event.
YahClick will offer high-speed broadband solutions to remote locations.
An increasing amount of space debris is endangering satellites and other missions.
IAC 2021 will provide an opportunity for participating organisations to highlight their experience, contributions and innovations in the space sector to attendees and representatives of international agencies.
The session, which was moderated by Dubai TV presenter Mohammed Al-Kaabi, revealed significant details about the new Emirati space mission.
The agreements add significantly to Yahsats anticipated future cash flows and prior contracted backlog of more than $1.91bn.
New dividend policy to be presented for approval at the companys next Annual General Meeting in December.
The launch of new satellites presents significant growth opportunities across Yahsats business, and will further bolster contracted backlog and secure long-term financial outlook.
This partnership will allow YahClick to offer its services to unserved and underserved areas across the region.
The partnership with Cobham SATCOM will enable Yahsat to enhance data services for its next-generation satellite, Thuraya 4-NGS.
A SpaceX Falcon 9 will launch Thuraya 4-NGS, being built by Airbus for Yahsat, in H2 of 2023.
New Spacecraft Control System will provide highly secure and reliable monitoring and commanding capability for Thuraya 4-NGS.
Masood currently serves on the boards of Yahsat, the UAE Space Agency, and Etihad Aviation Group.
Masood currently serves on the boards of Yahsat, the UAE Space Agency, and Etihad Aviation Group.
The normalised adjusted EBITDA margin improved from 60.4% in H1 2020 to 60.9% in H1 2021.
The primary mission of DhabiSat is to enable students to design, implement and test software modules for Attitude Determination and Control Subsystems (ADCS).
Mubadala retains a c.60% shareholding in the company and is fully aligned with Yahsat.
The final offer price for the offering has been set at Dh2.75 ($0.27) per share
Through the partnership, Thuraya and Delta Bridge will deliver secure satellite communication connectivity and mission-critical applications to key government customers in the defence and government sector.
This will be the first IPO of a company on the Abu Dhabi bourse since Abu Dhabi National Oil Co Distribution was listed in 2017.
The offering is expected to take place in Q3 of 2021 and will be open to retail and qualified institutional investors.
Despite the challenges caused by Covid-19, the programme is on track with the L-band satellite set to be in service by 2024.
