NEOM’s tech and digital subsidiary, known for its cognitive capabilities, […]

Saeed Mohammed Al Tayer, MD&CEO of Dubai Electricity and Water Authority (DEWA), inaugurated DEWA’s Ground Station at the Research and Development (R&D) Centre in the Mohammed bin Rashid Al Maktoum Solar Park.

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.