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Mubadala s Yahsat IPO set to raise $730 million after final pricing

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

Volunteer work aims to boost Saudi tourism

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Saudi arabiaSaeed azharNoor fallatahAsaad alNational volunteering portalMinistry of tourismSaudi ministry of human resourcesMinistry of human resourcesNational volunteer portalSyndigate media incSaudi ministryHuman resourcesSocial developmentSaad al hammadArab newsNational volunteer

UPDATE 1-Mubadala s Yahsat IPO draws investors, could raise $735 mln, sources say

UPDATE 1-Mubadala s Yahsat IPO draws investors, could raise $735 mln, sources say
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

United arab emiratesAbu dhabiAbuz abySaeed azharHadeel al sayeghDavid evansEdmund blairAbu dhabi mubadalaThomson reuters trust principlesAl yah satellite communications co yahsatAbu dhabi national oil co distributionUnited arabThomson reuters trustஒன்றுபட்டது அரபு அமீரகங்கள்சயீத் அஜார்ஹடீல் அல் சயெக்

Volunteer work aims to boost Saudi tourism

Volunteer work aims to boost Saudi tourism
arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.

Saudi arabiaSaeed azharNoor fallatahAsaad alNational volunteering portalHuman resources ministryMinistry of tourismSaudi ministry of human resourcesMinistry of human resourcesNational volunteer portalSaudi ministryHuman resourcesSocial developmentSaad al hammadArab newsNational volunteer

Qatar fund s stake in Credit Suisse rises to 6% due to convertibles

Qatar fund s stake in Credit Suisse rises to 6% due to convertibles
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

United arab emiratesCity ofUnited kingdomJavier capapeChizu nomiyamaSaeed azharAndreas vendittiTom arnoldThomson reuters trust principlesBank vontobelCredit suisseQatar investment authoritySpain ie centerStarling bankExchange commissionInvestment authority