Yahsat Supports UAE’s Technological Transformation and Economic Diversification Via Share Sale on the ADX

On the 21st of June 2021, United Arab Emirates (UAE)-based Al Yah Satellite Communications Company PJSC (Yahsat), announced an initial public offering (IPO) of a portion of its existing shares and its plans to apply for admission to the Abu Dhabi Securities Exchange (ADX) for all of its shares to be listed and traded. Individuals and other investors in the UAE will be able to buy at least 30% of Yahsat’s shares as part of the UAE retail offering, whilst qualified institutional and other investors will be able to buy them as part of the qualified investor offering.

Why it Matters?

The listing on the ADX reiterates Yahsat’s role in contributing to the growth of the UAE’s economy, as it strives to attract investment into Abu Dhabi and t...