Al Yah Satellite Communications Company (Yahsat) of Abu Dhabi has been included in MSCI’s global indices.
MSCI Inc., a leading provider of research-based indexes and analytics, has included Yahsat as a constituent of the MSCI Small Cap Indices, including the MSCI All Country World Index (ACWI) Small Cap Index, MSCI Emerging Markets Small Cap Index, and the MSCI UAE Small Cap Index after fulfilling the necessary listing requirements.
Yahsat’s inclusion will be effective on December 1, 2021. The company began trading on the Abu Dhabi Securities Exchange (ADX) in July following its initial public offering (IPO).
It recently announced a profit of $13.2 million for the third quarter of 2021, down by 37.8 percent from $21.2 million in the same period in 2020.