Al Yah Satellite Communications Company PJSC

Ticker/ISIN
YAHSAT
AEA007501017
Market/Country
Abu Dhabi Stock Exchange
United Arab Emirates
Latest Stock Price
2.13 AED
2024-02-21

Year to date

-0.18 %

3 months

0.00 %

6 months

0.00 %

1 year

0.00 %

3 years

0.00 %

5 years

0.00 %

Yahsat is a leading fixed and mobile satellite services operator offering integrated satellite communications solutions to over 150 countries across Europe, the Middle East, Africa, South America, Asia and Australasia. Yahsat’s fleet of 5 satellites reaches more than 80% of the world’s population, enabling critical communications including broadband, broadcasting, backhauling and mobility solutions. Based out of Abu Dhabi in the UAE, Yahsat provides a wide range of C, Ku, Ka, and L-band solutions for land, maritime and aero platforms to consumers, governments and enterprises.

Latest Pressrelease Summaries

Al Yah Satellite Communications Company PJSC
Al Yah Satellite Communications Company PJSC has disclosed its intention to consider and adopt a written resolution by circulation. The date of circulation is set for 17 July 2024, after 3:00 PM. The subject of the resolution is to consider general business, operational, and strategic items that do not affect the company's share price. The authorized signatory is Clint Irwin Fransquinho de Barros, the Board Secretary.
Al Yah Satellite Communications Company PJSC
Yahsat, the UAE's leading satellite solutions provider, has chosen SpaceX to launch its new geostationary satellites, Al Yah 4 and Al Yah 5, using the Falcon 9 rocket in 2027 and 2028. This selection is part of a satellite procurement program valued at AED 3.9 billion (USD 1.1 billion), which includes spacecraft, ground infrastructure, launch, and insurance. The announcement follows a contract with Airbus to design and build the satellites, as part of an AED 18.7 billion (USD 5.1 billion) mandate from the UAE Government for satellite communications and services over 17 years. The new satellites will provide secure governmental communications across the Middle East, Africa, Europe, and Asia, replacing the older Al Yah 1 and Al Yah 2 satellites. Yahsat is publicly listed on the Abu Dhabi Securities Exchange and operates in over 150 countries.
Al Yah Satellite Communications Company PJSC
Yahsat has contracted Airbus Defence and Space SAS to construct the Al Yah 4 and Al Yah 5 geostationary telecommunications satellites. These satellites will feature fully flexible, software-defined payloads that allow in-orbit reconfiguration of coverage area, capacity, and communication frequencies. The total program cost is expected to be around AED 3.9 billion (USD 1.1 billion). The contract also includes two Airbus ARROW spacecraft platforms for future low Earth orbit deployment. The agreement follows an earlier Authorisation-to-Proceed with Airbus and a subsequent AED 18.7 billion (USD 5.1 billion) mandate from the UAE Government for satellite communications capacity and managed services over 17 years, primarily on AY4 and AY5. The satellites will be based on the Eurostar Neo platform and will replace the older Al Yah 1 and Al Yah 2 satellites. They will provide secure governmental communications across the Middle East, Africa, Europe, and Asia. Yahsat's CEO, Ali Al Hashemi, expressed satisfaction with the contract, highlighting its importance for Yahsat's growth and the enhancement of their satellite communications capabilities. Alain Fauré, Head of Space Systems at Airbus, noted the significance of this milestone in their long-term partnership with Yahsat.
Al Yah Satellite Communications Company PJSC
On 7 June 2024, Al Yah Satellite Communications Company PJSC disclosed the results of a written resolution circulated on 6 June 2024 at 3:00 PM. The resolution was approved by 89% of the directors. The board discussed general matters related to the company's activities and passed suitable resolutions. The document was authorized by Clint Irwin Fransquinho de Barros, the Board Secretary, and included the company’s seal.
Al Yah Satellite Communications Company PJSC
The document is the condensed consolidated interim financial statements of Al Yah Satellite Communications Company PJSC. It covers the financial performance of the company for the three-month period ending on 31 March 2024. The data was compiled as of 31 December 2020.
Al Yah Satellite Communications Company PJSC
Al Yah Satellite Communications Company PJSC (Yahsat), the UAE's flagship satellite solutions provider, has reported its highest ever Q1 revenue for 2024. Revenue grew 1% from the previous year to AED 371 million, while EBITDA grew 58% to AED 352 million. Net income nearly doubled to AED 194 million. On a normalised basis, EBITDA grew 7% to AED 247 million, and net income fell 8% to AED 99 million, reflecting the introduction of UAE corporate tax. Revenue growth was seen across two segments, Infrastructure and Managed Solutions. Meanwhile, the Mobility Solutions segment recorded lower revenues, and the Data Solutions segment saw a fall in revenues due to lower subscriber numbers. The company also reported strong cash generation and a strong balance sheet.
Al Yah Satellite Communications Company PJSC
The Board of Al Yah Satellite Communications Company PJSC held a meeting on May 13, 2024, commencing at 3.00 PM and concluding at 4.35 PM (UAE local time). Eight directors attended the meeting, achieving a quorum of 89%. The Board approved the financial statements for the period ending March 31, 2024. They also discussed general matters related to the Company’s activities and passed suitable resolutions. The meeting's summary was signed by the Board Secretary, Clint Irwin Fransquinho de Barros.
Al Yah Satellite Communications Company PJSC
Al Yah Satellite Communications Company PJSC has announced a board meeting to be held on 13 May 2024 at 3.00 pm (UAE local time). The agenda of the meeting includes the approval of the company's financial statements for the period ending 31 March 2024 and the consideration of general business, operational, and strategic items that do not affect the company's share price. The disclosure is signed by the Board Secretary, Clint Irwin Fransquinho de Barros.

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Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Al Yah Satellite Communications Company PJSC

Disclosures: Al Yah Satellite Communications Company PJSC By Circulation of Board Meeting to be held on 17/07/2024 at 17:30

Al Yah Satellite Communications Company PJSC has disclosed its intention to consider and adopt a written resolution by circulation. The date of circulation is set for 17 July 2024, after 3:00 PM. The subject of the resolution is to consider general business, operational, and strategic items that do not affect the company's share price. The authorized signatory is Clint Irwin Fransquinho de Barros, the Board Secretary.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Al Yah Satellite Communications Company PJSC

Disclosures: Yahsat selects SpaceX to launch the Al Yah 4 and Al Yah 5 satellites

Yahsat, the UAE's leading satellite solutions provider, has chosen SpaceX to launch its new geostationary satellites, Al Yah 4 and Al Yah 5, using the Falcon 9 rocket in 2027 and 2028. This selection is part of a satellite procurement program valued at AED 3.9 billion (USD 1.1 billion), which includes spacecraft, ground infrastructure, launch, and insurance. The announcement follows a contract with Airbus to design and build the satellites, as part of an AED 18.7 billion (USD 5.1 billion) mandate from the UAE Government for satellite communications and services over 17 years. The new satellites will provide secure governmental communications across the Middle East, Africa, Europe, and Asia, replacing the older Al Yah 1 and Al Yah 2 satellites. Yahsat is publicly listed on the Abu Dhabi Securities Exchange and operates in over 150 countries.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Al Yah Satellite Communications Company PJSC

Disclosures: Yahsat contracts Airbus for the construction of Al Yah 4 and Al Yah 5 satellites

Yahsat has contracted Airbus Defence and Space SAS to construct the Al Yah 4 and Al Yah 5 geostationary telecommunications satellites. These satellites will feature fully flexible, software-defined payloads that allow in-orbit reconfiguration of coverage area, capacity, and communication frequencies. The total program cost is expected to be around AED 3.9 billion (USD 1.1 billion). The contract also includes two Airbus ARROW spacecraft platforms for future low Earth orbit deployment. The agreement follows an earlier Authorisation-to-Proceed with Airbus and a subsequent AED 18.7 billion (USD 5.1 billion) mandate from the UAE Government for satellite communications capacity and managed services over 17 years, primarily on AY4 and AY5. The satellites will be based on the Eurostar Neo platform and will replace the older Al Yah 1 and Al Yah 2 satellites. They will provide secure governmental communications across the Middle East, Africa, Europe, and Asia. Yahsat's CEO, Ali Al Hashemi, expressed satisfaction with the contract, highlighting its importance for Yahsat's growth and the enhancement of their satellite communications capabilities. Alain Fauré, Head of Space Systems at Airbus, noted the significance of this milestone in their long-term partnership with Yahsat.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Al Yah Satellite Communications Company PJSC

Disclosures: Al Yah Satellite Communications Company PJSC Board Meeting Results held on 06/06/2024 at 16:00

On 7 June 2024, Al Yah Satellite Communications Company PJSC disclosed the results of a written resolution circulated on 6 June 2024 at 3:00 PM. The resolution was approved by 89% of the directors. The board discussed general matters related to the company's activities and passed suitable resolutions. The document was authorized by Clint Irwin Fransquinho de Barros, the Board Secretary, and included the company’s seal.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Al Yah Satellite Communications Company PJSC

Disclosures: Al Yah Satellite Communications Company PJSC By Circulation of Board Meeting to be held on 06/06/2024 at 15:00

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Al Yah Satellite Communications Company PJSC

Disclosures: Yahsat Q1 2024 Results Presentation

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Al Yah Satellite Communications Company PJSC

ADX Disclosures: YAHSAT Resumption Notice

The document is the condensed consolidated interim financial statements of Al Yah Satellite Communications Company PJSC. It covers the financial performance of the company for the three-month period ending on 31 March 2024. The data was compiled as of 31 December 2020.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Al Yah Satellite Communications Company PJSC

Disclosures: Al Yah Satellite Communications Company PJSC Management Discussion and Analysis Report for the Period Ended March 31,2024

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Al Yah Satellite Communications Company PJSC

Disclosures: Al Yah Satellite Communications Company PJSC Financial Results for the Period Ended March 31,2024

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From Al Yah Satellite Communications Company PJSC

Disclosures: Yahsat reports strong first quarter results for 2024

Al Yah Satellite Communications Company PJSC (Yahsat), the UAE's flagship satellite solutions provider, has reported its highest ever Q1 revenue for 2024. Revenue grew 1% from the previous year to AED 371 million, while EBITDA grew 58% to AED 352 million. Net income nearly doubled to AED 194 million. On a normalised basis, EBITDA grew 7% to AED 247 million, and net income fell 8% to AED 99 million, reflecting the introduction of UAE corporate tax. Revenue growth was seen across two segments, Infrastructure and Managed Solutions. Meanwhile, the Mobility Solutions segment recorded lower revenues, and the Data Solutions segment saw a fall in revenues due to lower subscriber numbers. The company also reported strong cash generation and a strong balance sheet.

1. Attached Document

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