Mubadala hires banks to advise on Yahsat IPO - report

Tuesday 4 May 2021 | 09:00 CET | News
The UAE-based Mubadala Investment Company has hired Bank of America and Morgan Stanley as advisors for a potential initial public offering (IPO) of satellite operator Yahsat, Bloomberg reported, citing people familiar with the matter. Yahsat is expected to be listed on the Abu Dhabi Securities Exchange (ADX), according to the sources. The size and timing of the offering have not been decided yet.

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Categories: Broadcast & Satellite
Companies: Thuraya / Yahsat
Countries: United Arab Emirates
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