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By Reuters Staff 2 Min Read DUBAI (Reuters) - The initial public offering (IPO) of Yahsat, the satellite company of Abu Dhabi state investor Mubadala, is set to raise 2.68 billion dirhams ($730 million) after the deal was priced around the middle of an indicative price range. Al Yah Satellite Communications Co (Yahsat) priced its IPO at 2.75 dirhams, against an earlier indicative price range of 2.55-3.05 dirhams a share, it said in a statement. This is the first major IPO on the Abu Dhabi bourse since Abu Dhabi National Oil Co Distribution was listed in 2017. Mubadala is selling a 40% stake in the deal, giving Yahsat a market capitalisation of 6.7 billion dirhams.

United arab emiratesAbu dhabiAbuz abySaeed azharHadeel al sayeghRichard pullinThomson reuters trust principlesEmirates investment authorityAl yah satellite communications co yahsatAbu dhabi national oil co distributionThomson reuters trustஒன்றுபட்டது அரபு அமீரகங்கள்சயீத் அஜார்ஹடீல் அல் சயெக்தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ்அமீரகங்கள் முதலீடு அதிகாரம்