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Top News In மாமௌரா பன்முகப்படுத்தப்பட்ட உலகளாவிய வைத்திருத்தல் Today - Breaking & Trending Today

Yahsat could raise up to $811m through IPO


“We have established a strong and proven operational and financial track record over the years which, coupled with the ever-growing adoption of technological solutions and promising prospects of the space industry in Abu Dhabi and the UAE more broadly, provides a compelling proposition for potential investors, said Ali Al Hashemi, Yahsat s chief executive
.
We look forward to their participation in Yahsat’s growth story.”
Yahsat was founded in 2007 and now operates in more than 150 countries across five continents.
Its five satellites reach more than two
thirds of the world’s population. A sixth is expected to launch in the second half of 2023 and begin commercial operations 12 months later. ....

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Etisalat lists 1b euro bond issue on Abu Dhabi Securities Exchange


Dubai: The UAE telecom giant Etisalat has listed its 1 billion euro bonds (Dh4.45 billion) on Abu Dhabi Securities Exchange (ADX). The issue was more than six times oversubscribed, with demand from local and international investors.
This “has provided Etisalat Group with an opportunity to diversify our sources of capital while taking advantage of the improved cost of funding,  said Hatem Dowidar, CEO of Etisalat Group. Listing on the Abu Dhabi Securities Exchange improves flexibility and transparency for Etisalat Group and investors in the debt capital markets.”
The listing comes on the heels of Abu Dhabi Ports’ $1 billion listing earlier this month and the one in April of a 1.1 billion euro bonds issued by Mamoura Diversified Global Holding, a fully owned entity by Mubadala Investment Company. ....

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