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Yahsat Q1 revenue up 9.4% to AED362.5mn

  Abu Dhabi / WAM Al Yah Satellite Communications Company on Wednesday announced its financial results for the three-month period ended March 31. Yahsat reported first-quarter revenue of AED362.5 million, reflecting an increase of 9.4% year-on-year. All business segments performed well, with a particularly exceptional performance in both managed solutions and mobility solutions, which increased by 26.0 percent and 45.4 ...

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Mubadala’s total comprehensive income soars to AED122 billion

  Abu Dhabi / WAM Mubadala Investment Company, an Abu Dhabi sovereign investor, released its 2021 financial results for the group, achieving a total comprehensive income (TCI) attributable to the owner of AED 122 billion for the year, compared to AED 72 billion in 2020. At year end, assets under management across the group stood at AED 1,045 billion compared ...

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