Al Yah Satellite Communications Company PJSC

On September 26, 2024, Al Yah Satellite Communications Company PJSC held its General Assembly Meeting from 4 p.m. to 4:30 p.m. at the company’s offices in Abu Dhabi, with virtual participation from shareholders. The meeting, chaired by H.E. Dr. Bakheet Al Katheeri, had a quorum of 70.35% of the total capital. The resolutions approved during the meeting included: 1. Approval of an interim cash dividend of AED 204,940,703 (8.40 fils per share) for the first half of the financial year 2024, based on a Board of Directors resolution from September 2, 2024. 2. Approval of a payment of AED 4,787,123 to the Board of Directors as remuneration for the period from the beginning of 2024 until the meeting date. 3. Discharge of the Board of Directors from liability for the period from the beginning of 2024 until the meeting date, with the option to dismiss them and file claims against them.

The board meeting of Al Yah Satellite Communications Company PJSC took place on Monday, September 2, 2024, from 4:00 PM to 4:50 PM UAE local time, with 8 directors present, achieving a quorum of 89%. The following decisions were made: 1. Approved the distribution of interim dividends of 8.40 fils per share (8.40% of the nominal value) for the first half of 2024, totaling AED 204,940,703. Key dates for dividend distribution are: - Last day to participate: Tuesday, September 10, 2024 - Ex-dividend date: Wednesday, September 11, 2024 - Record date: Thursday, September 12, 2024 - Payment date: by Thursday, September 26, 2024 2. Approved the agenda for the General Assembly Meeting, scheduled for September 26, 2024, or another date as agreed by the Securities and Commodities Authority. 3. Discussed general matters related to the company’s activities and passed appropriate resolutions. The document is authorized by Clint Irwin Fransquinho de Barros, Board Secretary.

The Board of Directors of Al Yah Satellite Communications PJSC (the Company) invites shareholders to attend the general assembly meeting either in person at the Company’s offices in Al Falah City, Abu Dhabi, or virtually through an electronic link. The meeting will be held on Thursday, September 26, 2024, at 4:00 PM (UAE time) to discuss and vote on the following agenda items: 1. Authorize the chairman to appoint a meeting secretary and vote collector. 2. Approve the interim cash dividend of AED 204,940,703 (8.40 fils per share) for the first half of 2024. 3. Approve the Board of Directors' remuneration for 2024 until the meeting date. 4. Discharge the Board members from liability for 2024 until the meeting date, or dismiss them and file claims against them. Notes: - Shareholders attending virtually must register electronically to vote, with registration open from 4 PM on September 25, 2024, to 4 PM on September 26, 2024, at www.smartagm.ae. - Proxies must send a copy of their proxy to is@bankfab.com with their name and mobile number. - Shareholders can delegate others to attend on their behalf, following specific guidelines. - The meeting requires at least 50% of the Company's share capital represented to be valid. If not, a second meeting will be held on October 3, 2024. - The Board resolved to call this meeting before completing the merger with Bayanat AI PLC. - The virtual meeting will be recorded, and shareholders can discuss agenda items and ask questions. The proxy form allows shareholders to appoint a representative to vote on their behalf at the meeting.

The board meeting of Al Yah Satellite Communications Company PJSC was held on Monday, 2 September 2024, from 4:00 PM to 4:50 PM UAE local time, with 8 directors attending and a quorum of 89%. The board approved the distribution of interim dividends of 8.40 fils per share (8.40% of the nominal value) for the first half of 2024, amounting to AED 204,940,703, to be paid to shareholders registered by the close of business on Thursday, 12 September 2024. They also approved the agenda for the General Assembly Meeting (GAM) scheduled for 26 September 2024, with flexibility for date adjustments by the Securities and Commodities Authority. Additionally, the board discussed general company activities and passed appropriate resolutions. The disclosure was signed by Clint Irwin Fransquinho de Barros, the Board Secretary.

The board meeting disclosure for Al Yah Satellite Communications Company PJSC is scheduled for 2 September 2024 at 4:00 pm (UAE local time). The agenda includes three main items: 1. Consideration of a proposal for the distribution of interim dividends for the first half of 2024. 2. Consideration of a proposal to hold an Extraordinary General Assembly Meeting (EGM) and approval of the EGM’s agenda. 3. Consideration of general business, operational, and strategic items that do not affect the company’s share price. The disclosure is authorized by Clint Irwin Fransquinho de Barros, the Board Secretary.

The board meeting of Al Yah Satellite Communications Company PJSC took place on Monday, 29 July 2024, from 4:00 PM to 6:00 PM UAE local time. Seven directors attended, achieving a quorum of 78%. The board approved the financial statements for the period ending 30 June 2024 and discussed general matters related to the company's activities, passing appropriate resolutions. The authorized signatory for the disclosure is Clint Irwin Fransquinho de Barros, the Board Secretary.

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Yahsat, a UAE-based satellite solutions provider, reported its financial results for the first half of 2024. Despite a 3% decline in revenue to AED 734 million (USD 200 million), EBITDA increased by 25% to AED 566 million (USD 154 million), and net income rose by 62% to AED 269 million (USD 73 million). On a normalized basis, EBITDA remained stable at AED 462 million (USD 126 million), and net income was AED 175 million (USD 48 million), despite the introduction of UAE corporate tax. Revenue growth was driven by the Infrastructure and Managed Solutions segments, with the latter showing a 15% increase. However, Mobility Solutions and Data Solutions segments saw revenue declines. Key highlights include stable normalized EBITDA and net income, a reduction in the cost base, and strong contracted future revenue of AED 24.5 billion (USD 6.7 billion).

The board meeting disclosure for Al Yah Satellite Communications Company PJSC is scheduled for 29 July 2024 at 4:00 PM UAE local time. The agenda includes considering and approving the company's financial statements for the period ending 30 June 2024, as well as discussing general business, operational, and strategic items that do not affect the company's share price. The authorized signatory for this disclosure is Clint Irwin Fransquinho de Barros, the Board Secretary.

On 18 July 2024, Al Yah Satellite Communications Company PJSC disclosed the results of a written resolution circulated on 17 July 2024 after 3:00 PM. Eight directors approved the resolution, which involved discussing general matters related to the company's activities and passing appropriate resolutions. The disclosure was signed by Clint Irwin Fransquinho de Barros, the Board Secretary, and included the company's seal.