Home UAE Abu Dhabi Abu Dhabi’s Mubadala mulling IPO of Yahsat, says CEO-designate Yahsat provides integrated satellite communications solutions to over 150 countries by Bloomberg February 21, 2021 Al Yah Satellite Communications Co.’s incoming chief executive officer said its owner is considering an initial public offering of the Abu Dhabi-based firm. “Mubadala Investment Co. is looking at this very closely,” Ali Al Hashemi said in an interview in Abu Dhabi. “I can say that financially we are very healthy to be applicable for IPO, but Mubadala has to take the final decision.” Yahsat provides integrated satellite communications solutions to over 150 countries across Europe, the Middle East, Africa, South America, Asia and Australasia, according to information on its website. It runs five satellites and is wholly owned by Mubadala, the $232bn state-controlled wealth fund. Al Hashemi, current CEO of Thuraya Telecommunications and the general manager of Yahsat Government Solutions, will take over as the CEO of Yahsat Group in April. Tags Abu Dhabi CEO IPO Mubadala Yahsat 0 Comments You might also like AD Ports signs concession deal to operate Egypt’s Safaga terminal Strong cash flows for UAE stocks in Christmas Day trade Institutional investors were hungry for Dubai, Abu Dhabi Stocks in 2023 67 million visitors for Abu Dhabi’s Sheikh Zayed Grand Mosque