- Conduct a comprehensive analysis, evaluation and recommendation for the manufacture of two new satellites for launch in 2026
- The expected additions to the UAE government will contribute to increasing space capacity
- Expand coverage and enhance existing capabilities to enable them to employ the latest next generation technologies
- The launch of the two new satellites provides great opportunities for the development of Yahsat’s business.
- Strengthening the company’s existing contracts and securing long-term financial flows
Abu Dhabi: «The Gulf»
Al Yah Satellite Communications Company (Yahsat) announced on Tuesday that it has officially been commissioned to conduct a comprehensive study to support the conclusion of a contract with the aim of increasing the space capacity that the UAE government is currently benefiting from, represented by the strategic partner of Yahsat through the Al Yah 1 and Al Yah 2 satellites. By manufacturing and launching two additional satellites, Al Yah 4 and Al Yah 5, in order to consolidate its current relationship with the UAE government.
The expected new capacity will enhance the high productivity of secure communications services currently contracted on the Al Yah 1 and Al Yah 2 satellites, while expanding coverage, improving technical capabilities, and adding new space capacities to meet the requirements of the next generation of the UAE government. The joint use of Al Yah 4 and Al Yah 5 satellites, in addition to the current Al Yah 1 and Al Yah 2 satellites, which are expected to continue operating for several years to come, will contribute to enhancing Yahsat’s future growth plans and enabling it to achieve Stronger profits and returns for shareholders in the long term.
The best communication solutions
Yahsat will follow the request for proposal process to identify satellite manufacturers capable of providing the best technical and commercial communications solutions for the manufacture of two geostationary satellites with a potential launch by 2026. After that, Yahsat will present its recommendation to the UAE government.
Such an opportunity constitutes an important addition to the group’s accumulated record of huge contracts, which outperform its competitors in the market by more than five times the current annual revenues, which supports the balance sheet, strong cash flows and low leverage of Yahsat, which together contribute to creating The appropriate financial conditions to implement such programs and achieve greater value and stronger financial returns for shareholders in the long term.
Promote long-term contracts
Ali Al Hashemi, Group Chief Executive Officer of Yahsat, said: “Yahsat has enjoyed a distinguished position as a leading company in the field of communications and information technology, both locally and globally. It is the main enabler of space communications infrastructure. The potential expansion of our fleet dedicated to the UAE government will enhance our long-term contracts, and raise our position as the government’s preferred partner and the primary provider of advanced satellite communications in the UAE.”
Al Hashemi added: “We constantly strive to provide our customers and partners with the best solutions and equipment. Assigning us today by the UAE government to start studying options to expand the current fleet represents an important opportunity to enhance the value of Yahsat’s business for all stakeholders, allowing us to benefit from our strategy for future growth.”
Yahsat has a long relationship that extends for more than 10 years with the UAE government. The first satellite “Al Yah 1” was launched in 2011 and the second satellite “Al Yah 2” in 2012 to serve the markets of the Middle East, parts of Africa, Europe, Central and Southwest Asia.
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