Yahsat plans IPO

(21 Jun 2021) Al Yah Satellite Communications, fully owned by Abu Dhabi's sovereign fund Mubadala Investment, plans to list a stake of as much as 40% in Abu Dhabi next month.

Yahsat has hired Abu Dhabi Commercial Bank, First Abu Dhabi Bank and HSBC Holdings as joint lead managers, according to an advertisement. The company offers satellite communications solutions in over 150 countries.

Reference: MSN

#Al Yah Satellite  #Mubadala  #Yahsat