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Saturday, July 13, 2024
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Bayanat and Yahsat Announce Merger, Creating a Dh15 Billion Space Technology Giant

Bayanat and Yahsat to Create Dh15 Billion AI-Powered Space Technology Giant

Market Capitalization Soars

Merged Entity to Become One of the World’s Most Valuable Publicly Listed Space Companies

Strategic Synergies

Combined Efforts Aimed at Capturing Global Opportunities in Geospatial Solutions and Satellite Communications

Shareholders’ Perspective: Bayanat and Yahsat 

Bayanat Shareholders to Own 54%, Yahsat Shareholders 46% in the Merged Entity

Powerful Ownership:Own Significant Stakes in the New Entity

Independent Operations Until 2024

Bayanat and Yahsat to Operate Independently Until Merger’s Expected Completion in H2 2024

Regulatory Approval

Merger Subject to Approval from Authorities Including Securities and Commodities Authority

Strategic Growth Potential

Enlarged Entity Positioned for Accelerated Growth and Enhanced Competitive Advantage

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