The Abu Dhabi Securities Exchange announced that the shares of Al Yah Satellite Communications Company, Yahsat, will be listed for trading on the main market starting next Wednesday under the symbol YAHSAT.
According to the Emirates News Agency, this is the second listing of its kind in the Abu Dhabi market during 2021, as Alpha Abu Dhabi Holding Company was listed in June of the same year.< /p>
The market clarified in a circular posted on the website that trading in the company's shares outside the trading halls will be suspended as of the date of its listing in the market and that any trading on its shares outside the market As of that date, it shall be considered void and the ownership of shares resulting from these operations shall not be made, transferred and transferred.
The Yahsat company set the final offer price of the shares at the end of last week at 2.75 dirhams per share.
The Yahsat Company's capital amounts to AED 2439.77 million, with a nominal value of AED 1 per share.
