Press releases, Reports & Disclosures for Al Yah Satellite Communications Company PJSC

A board meeting of the Al Yah Satellite Communications Company PJSC is scheduled for 4th December 2023 at 3.30 pm (UAE local time). The agenda includes considering general business, operational, and strategic items that do not affect the company's share price. The authorized signatory for the meeting is Clint Irwin Fransquinho de Barros, who holds the position of Board Secretary.

The Al Yah Satellite Communications Company PJSC released its condensed consolidated interim financial statements for the nine months ending on 30 September 2023 on 31 December 2020. The document was verified with the DocuSign Envelope ID: 86D18113-549B-4B20-8858-6B06D09D1D17.

Yahsat, the UAE's leading satellite solutions provider, has reported strong Q3 results for 2023. The company's revenue grew by 8% compared to the previous year, marking the second-highest on record. The nine-month revenues and Normalised EBITDA also increased by 3%, largely driven by double-digit growth in Mobility Solutions. Contracted future revenues hit a record AED 25.3 billion ($6.9 billion) due to Yahsat’s largest-ever Government mandate valued at AED 18.7 billion ($5.1 billion). The company's revenue and Normalised EBITDA for the first nine months of the year reached AED 1.2 billion ($323 million) and AED 713 million ($194 million) respectively, while net income more than doubled.