The merger is subject to further regulatory approvals in the UAE and internationally.
Bayanat
The merger is expected to yield considerable cost and revenue synergies, positioning the enlarged entity for enhanced shareholder value creation.
On completion of the merger, Mansoor Al Mansoori will assume the role of Chairman, Dr Bakheet Al Katheeri as Vice Chairman and Karim Michel Sabbagh will join...
The merger is expected to take place in the second half of 2024, until then Bayanat and Yahsat will continue to operate independently.
Yahsat and Bayanat will oversee satellite management, operations, data, and space applications, with NSSTC contributing through the provision of assembly...
The UAE Space Agency has formed an industrial consortium to develop the "Sirb" project that will potentially see the first satellite launched by 2026.
Bayanat, Yahsat, and ICEYE have broaden SAR satellite fleet to include seven spacecraft encompassing the Middle East.