The Offering creates an opportunity for investors to participate in the potential strategic growth of a leading integrated satellite communication services provider. Mubadala will remain as majority shareholder of Yahsat’s issued share capital.

Under the MoU, the new company will develop technologies and produce products around three main streams: Aeronautical Satcom Technologies, Satellite Modem Technologies and Enablement of other Satcom Products and Technologies. It will leverage the significant knowledge and expertise establishment in the UAE and will be complemented by select international experts to build a global leader in this sector.

With over 126 million people in need of humanitarian assistance globally, including 70 million forcibly displaced, governments and the global community are stressing the significance of on-time medical and humanitarian responses. The RDK solution enables frontline workers to respond immediately and effectively to mitigate the wider secondary impacts of the pandemic.