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The initial public offering (IPO) of Yahsat, the satellite company of Abu Dhabi state investor Mubadala, is set to raise Dhs2.68 billion ($730 million) after the deal was priced around the middle of an indicative price range.
Egypt will launch its first communication satellite into orbit on Friday, a move it says will improve its communications infrastructure and internet services and attract investment.
Al Yah Satellite Communications Company (YAHSAT), the UAE’s flagship satellite solutions provider, and e& UAE signed a Memorandum of Understanding (MoU). According to this MoU,
Sheikh Hamdan said, “I chaired the Mohammed Bin Rashid Space Centre’s Board of Directors meeting today, during which we emphasized key messages outlining the details of our future projects."