Mubadala's Yahsat aims to raise up to $810m in Abu Dhabi IPO

Mubadala's Yahsat aims to raise up to $810m in Abu Dhabi IPO

Abu Dhabi, United Arab Emirates. Photo by Nick Fewings on Unsplash

State investor Mubadala‘s satellite company Yahsat has set an indicative price range for its initial public offering which shows it could raise up to 2.976 billion dirham ($810 million) in the IPO, a newspaper advertisement showed.

This will be the first major IPO of a company on the Abu Dhabi bourse since Abu Dhabi National Oil Co Distribution was listed in 2017 and will likely be followed by other large share offerings this year.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter