“We have established a strong and proven operational and financial track record over the years which, coupled with the ever-growing adoption of technological solutions and promising prospects of the space industry in Abu Dhabi and the UAE more broadly, provides a compelling proposition for potential investors," said Ali Al Hashemi, Yahsat's chief executive . "We look forward to their participation in Yahsat’s growth story.” Yahsat was founded in 2007 and now operates in more than 150 countries across five continents. Its five satellites reach more than two thirds of the world’s population. A sixth is expected to launch in the second half of 2023 and begin commercial operations 12 months later.