Merger to create astronomic UAE space company

Merger to create astronomic UAE space company

Two Abu Dhabi technology companies are planning a merger to create a $4 billion space organisation for the region.  The boards of Bayanat and Yahsat have voted to recommend a merger to shareholders, a filing to the Abu Dhabi Stock Exchange on Tuesday revealed. The proposal will create a company with an implied market capitalisation […]

Bayanat and Yahsat propose deal

Merger subject to approval

First Mena AI-powered space firm

Two Abu Dhabi technology companies are planning a merger to create a $4 billion space organisation for the region. 

The boards of Bayanat and Yahsat have voted to recommend a merger to shareholders, a filing to the Abu Dhabi Stock Exchange on Tuesday revealed.

The proposal will create a company with an implied market capitalisation of more than $4 billion, based on closing share prices as of Monday.

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This would make it one of the most valuable publicly listed space companies in the world, the filing said. 

Bayanat is a provider of geographic data and analytics while Yahsat, a subsidiary of the Mubadala Investment Company, offers “satellite solutions”.

The transaction would be executed through a share