Abu Dhabi – Mubasher: The shareholders of Al Yah Satellite Communications Company (Yahsat) approved interim cash dividends of AED 204.94 million for the first half (H1) of 2024.
Yahsat disbursed a dividend of 8.40 fils per share on 26 September 2024, according to a bourse disclosure.
The shareholders greenlighted the cash dividends during the general assembly meeting that was held on 26 September.
In the six-month period that ended on 30 June 2024, the net profits of Yahsat increased to $68.29 million from $40.88 million in H1-23.
Last August, Bayanat AI and Yahsat launched their first low earth orbit (LEO) synthetic aperture radar (SAR) satellite into orbit.
