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Bayanat

Artificial Intelligence

Bayanat Overview

Bayanat was an artificial intelligence-powered geospatial solutions provider based in Abu Dhabi, majority owned owned by G42 (Group 42 Holding).

In 2024 Bayanat shareholders agreed to a merger with satellite services provider Al Yah Satellite Communications Company – or Yahsat. The merger resulted in the creation of Space42, the world’s most valuable publicly listed space company.

Space42 aims to revolutionise space technology through AI-driven satellite solutions. It also wants to drive growth in autonomous vehicles, space mining and “sustainable space solutions”.

Bayanat News

Rocket, Weapon, Ammunition

UAE space company launches earth-monitoring craft

Space42, a space technology company that has its headquarters in Abu Dhabi, deployed the second phase of its Foresight satellite constellation on Tuesday as the UAE continues its push to compete with the world’s leaders in the industry. The project is in collaboration with ICEYE, a provider of high-resolution images of the earth’s surface. The […]

Among the UAE companies that have listed since 2021, the top nine performers are majority owned by Dubai or Abu Dhabi

State-backed UAE companies lead the pack for share price gains

The stock market performance of UAE companies that have gone public in the past few years varies greatly – but government-backed businesses have delivered the biggest gains. There have been 21 notable initial public offerings of UAE companies since the start of 2021 – 13 on the Abu Dhabi Securities Exchange and eight on the […]

People, Person, Adult

Yahsat H1 profit rises despite revenue dip

The UAE satellite provider, Al Yah Satellite Communications Company (Yahsat), said its net profit for the first half of 2024 rose 62 percent year on year despite falling revenue. Net earnings stood at AED269 million ($73 million) during the period, compared with AED166.4 million a year earlier. Revenue fell 3 percent year on year to AED734 […]

Bayanat says its AID data platform provided information to authorities during April's flooding in Dubai

Bayanat increases funding for climate disaster R&D

Geospatial services provider Bayanat has increased its investment into climate disaster research and development following a strong profit rise in the first quarter of 2024. Abu Dhabi-based Bayanat said gross profit for the first quarter reached AED32 million ($8.7 million), representing a gross margin of 28 percent. Revenues were 12 percent up year on year […]

Traffic on Fourth Street, Abu Dhabi. The Yahsat and Bayanat merger could help bring self-driving cars to the emirate

UAE merger creates world’s most valuable listed space company

The world’s most valuable publicly listed space company has been created after shareholders of analytics provider Bayanat and “satellite solutions” company Al Yah Satellite Communications Company (Yahsat) agreed to a merger. The deal will help to further Abu Dhabi’s ambitions to be at the centre of the drive towards autonomous vehicles. The newly created Space42 […]

The uncrewed Cygnus space freighter, from which were launched two satellites built by students from Abu Dhabi's Khalifa University

Shareholders to vote on merger to create UAE space giant

Shareholders of two Abu Dhabi technology companies will vote on Thursday on a proposed merger to create a $4 billion space organisation.  Bayanat AI and Al Yah Satellite Communications Company, better known as Yahsat, will hold their general assembly meetings simultaneously. The proposed merger will create Space42, an AI-powered space technology champion for the Middle […]

Yahsat estimated its contracted future revenue at AED25bn, equivalent to 15 times full-year revenue

Yahsat 2023 profit rises to $116m on revenue growth

Al Yah Satellite Communications Company, known as Yahsat, said net income grew 9 percent to AED424 million ($116 million) in 2023, driven by revenue growth across all operating segments. Revenue grew 6 percent year on year to AED1.7 billion, with all four operating segments exceeding the top end of the previous guidance range of AED1.6-1.7 billion. […]

People speak in the lobby of the Dubai Financial Market. Strict IPO rules mean loss-making startups cannot go public

Tough IPO rules deter UAE tech startups from listing

The UAE’s burgeoning startup sector has helped it become a centre for tech innovation, yet almost none of these fledgling companies have gone public due to stock market regulations. Since 2021 the Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX) have welcomed a flurry of initial public offerings as part-privatised government-related companies diversify […]

The UAE launched the Rashid Rover a year ago, the country's first mission to the moon

Merger to create astronomic UAE space company

Two Abu Dhabi technology companies are planning a merger to create a $4 billion space organisation for the region.  The boards of Bayanat and Yahsat have voted to recommend a merger to shareholders, a filing to the Abu Dhabi Stock Exchange on Tuesday revealed. The proposal will create a company with an implied market capitalisation […]

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum and Sheikh Khaled bin Mohamed bin Zayed Al Nahyan have implemented the next phase of the Sirb satellite programme

UAE takes next step in developing satellite industry

The Crown Princes of Abu Dhabi and Dubai have launched the execution phase of the UAE’s Sirb satellite programme, which aims to commercialise satellites and the data they generate.  Sirb – Arabic for a flock of birds – consists of a constellation of synthetic aperture radar satellites.  Highly accurate, the satellites will support a wide […]