Abu Dhabi's Mubadala to offer up to 40% of satellite firm Yahsat in IPO

Abu Dhabi's Mubadala to offer up to 40% of satellite firm Yahsat in IPO

Photographer: Jonathan Drake/Bloomberg News

Abu Dhabi state investor Mubadala will offer 30% to 40% of its satellite firm Yahsat in an initial public offering (IPO), with a listing likely in the third quarter, it said on Monday.

This will be the first listing of a company on the Abu Dhabi bourse since the IPO of Abu Dhabi National Oil Co Distribution in 2017.

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