Abu Dhabi-based Yahsat has released a White Paper on the evolution of the MENA space and SATCOM Sectors. The operator says it has witnessed “unprecedented growth” in the overall $469 billion (€442.1bn) MENA space economy (according to the Space Foundation) and which Morgan Stanley says could surge to over $1 trillion by 2040. Yahsat says […]
Abu Dhabi-based Yahsat has issued RFPs for two new satellites (Al Yah 4 and Al Yah 5) with launch targets of 2026-2027. The news came as part of the operator’s financial results for the nine months to September 30th. Yahsat says almost all of its divisions reported growth with improved revenues and that the company […]
Abu Dhabi-based satellite operator Yahsat is aquiring a minority stake in California-based eSAT Global. Yahsat has used its Thuraya subsidiary for the acquisition. eSAT Global is an Internet of Things (IoT) connectivity solutions provider that it says will bring a new disruptive, low-cost, low-latency, direct-to-satellite IoT service to the market. The service will start later […]
Abu Dhabi-based satellite operator Yahsat will pay out an interim dividend of AED 196.6m ($53.5m) by October 14th. Yahsat says its interim cash dividend covers the first half-year’s trading for 2022. The interim dividend will be paid by to all shareholders of record and is equivalent to 8.06 AED fils per share. On an annualised […]
Abu Dhabi-based Al Yah Satellite Communications (Yahsat) has announced that its dedicated government arm, Yahsat Government Solutions (YGS), has been successfully awarded a contract by the UAE Government, to provide satcom capabilities for its platforms. Ali Al Hashemi, Group CEO/Yahsat, said: “This contract award serves as a testament to Yahsat’s position as the preferred partner […]
Abu Dhabi-based Yahsat reported revenues of $407.6 million (€364.7m) for its full year’s trading (to December 31st 2021), up 7.9 per cent on the previous year. The satellite operator also enjoyed its highest-ever Net income (profit attributable to shareholders) of $69.8 million. It contracted backlog has grown 35 per cent over the year to $2 […]
Abu Dhabi-based satellite operator Yahsat has been awarded an AED 909.5 million (€217.7m) 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 new agreement strengthens […]
The Intersputnik International Organization of Space Communications has gained full membership of the Global Satellite Operators Association (GSOA), a platform to promote satellite communication services and the common interests of satellite operators. The Association, formerly known as ESOA (EMEA Satellite Operators Association) used to focus on Europe, the Middle East and Africa. However, January 2022 […]
Abu Dhabi-based satellite operator Yahsat has won a contract from the local Abu Dhabi Ship Building (ADSB) to provide advanced and secure satellite communication services. The contract is worth AED 24 million (€5.7 million). Yahsat says it will design, deliver and integrate the satellite communication systems in vessels produced by ADSB. Yahsat will work closely […]
Abu Dhabi-based Al Yah Satellite Communications (YahSat) will shortly be included on a variety of FTSE indexes in addition to its core Abu Dhabi investor listing. On December 20th the satellite operator will be included in the FTSE UAE Small Cap index, as well as the FTSE Global All Cap Index, FTSE Middle East & […]