Abu Dhabi’s Bayanat, Yahsat to merge, create one of the ‘most valuable publicly listed space companies’

Abu Dhabi’s Bayanat, Yahsat to merge, create one of the ‘most valuable publicly listed space companies’

Dubai: Two leading companies listed on the ADX - Bayanat and Yahsat - have decided to merge.

The proposed merger will 'create an AI-powered space technology champion' for the Middle East and North Africa, with an implied market cap of Dh15 billion plus ($4 billion). This is based on the entities’ closing share prices as of December 18 (the last day of trading prior to announcement of the merger).

This would make it one of the 'most valuable publicly listed space companies in the world by market cap', and with 'additional potential for significant global growth and synergies'.

Bayanat will remain the legal entity post-merger. 

"Growth will be driven by our access to high-growth markets via cutting-edge technologies and an increased base of local and global customers, in addition to strong financials that allow us to pursue more ambitious growth opportunities," said Musabbeh Al Kaabi, Chairman of Yahsat. 

Shareholding in new Abu Dhabi powerhouse

Bayanat and Yahsat shareholders will own 54% and 46% respectively in the combined entity. Institutional shareholders include the G42 conglomerate, the Abu Dhabi sovereign fund Mubadala, and the investment holding company IHC, which will own approximately 42%, 29% and 8%, respectively.



The merged entity will have greater scope in regional