UAE: Yahsat pays $55.85mln dividends for H1-24

The shareholders greenlighted the cash dividends during the general assembly meeting that was held on September 26

Staff Writer, Mubasher

September 30, 2024

PHOTO

Abu Dhabi – The shareholders of Al Yah Satellite Communications Company (Yahsat) approved interim cash dividends of AED 204.94 million for the first half (H1) of 2024.

Yahsat disbursed a dividend of 8.40 fils per share on 26 September 2024, according to a bourse disclosure.

The shareholders greenlighted the cash dividends during the general assembly meeting that was held on 26 September.

In the six-month period that ended on 30 June 2024, the net profits of Yahsat increased to $68.29 million from $40.88 million in H1-23.

Last August, Bayanat AI and Yahsat launched their first low earth orbit (LEO) synthetic aperture radar (SAR) satellite into orbit.

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