Mubadala-owned Yahsat to join MSCI’s Small Cap Indexes

Mubadala-owned Yahsat to join MSCI’s Small Cap Indexes

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Mubadala-owned Al Yah Satellite Communications Company (Yahsat) will be included in global index services provider Morgan Stanley Capital International’s (MSCI) small-cap indexes from December 1st as it seeks to diversify its investor base.

It has been added as a constituent in the MSCI All Country World Index (ACWI) Small Cap Index, MSCI Emerging Markets Small Cap Index, and the MSCI UAE Small Cap Index after fulfilling the necessary listing requirements.

Yahsat’s inclusion shows global financial institutions’ growing confidence in the company’s strong financial performance and capacity to deliver among the best dividend yields to its growing shareholder base on the Abu Dhabi Securities Exchange (ADX). It will also encourage local and international consumers and institutional investors to invest in Yahsat for the long term.

The company recently released its third-quarter (Q3) financial results, reporting $272.3 million in revenue for the first nine months of the year, indicating a strong and consistent performance from Q1 2021. Normalized Net Income of $54.5 million exceeded the prior year by $16.7 million or 44.3 percent for the nine-month period.

Ali Al HashemiGroup CEO-Yahsat

“Yahsat’s inclusion in three MSCI indices serves as a testament to the Group’s position as a local industrial champion and a key contributor to the