Space42 combines Bayanat’s advanced geospatial analytics with Yahsat’s best satellite communications and AI innovations.
Space42 was officially launched on the Abu Dhabi Stock Exchange (ADX) following the successful merger of Bayanat and Al Yah Satellite Communications Company (Yahsat).
Space42 is the UAE’s newest AI-driven SpaceTech company with a global presence, combining Bayanat’s advanced geospatial analytics with Yahsat’s best satellite communications and AI innovations. This integration will enable Space42 to meet the rapidly changing demands of the global SpaceTech environment, delivering advanced business intelligence solutions to governments, businesses, and communities.
Under the leadership of Managing Director Karim Michel Saba, Space42 is organized into two operating divisions: Yahasat Space Services and Bayanat Smart Solutions. Yahsat Space Services, led by Yahsat CEO Ali Al Hashemi, specializes in upstream satellite operations for both fixed and mobile satellite applications. Meanwhile, Bayanat Smart Solutions, led by Managing Director Hassan Al Hosani, combines geospatial data acquisition and processing with an AI-powered multi-intelligence platform known as gIQ.
Read more: ADX confirms rebranding of Bayanat AI PLC to Space42 PLC after merger with Yahsat
Enhance efficiency and decision making
By working as an integrated organization, the expertise of both departments drives better decision-making, increases situational awareness, and optimizes operational efficiency. The management team also includes Andrew Cole, who serves as chief financial officer.
future vision
Mansour Al Mansouri, Chairman of Space42 and ADX, emphasized that the merger of Bayanat and Yahasat represents a crucial advancement for the AI and spacetech sector in the UAE and abroad. He pointed out that the UAE leadership’s dedication to technological advancement and a knowledge-based economy has empowered companies like Space42 to thrive on a global scale. He emphasized that through Space42’s unique technology solutions and future innovations, the company strengthens the UAE’s commitment and position as a leader in the global space economy.
Bringing a revolution to the space tech field
Karim Michel Saba expressed that Space42 is ready to leverage the unique strengths of Bayanat and Yahasat to revolutionize the spacetech field. Sabah said the initiative exemplifies the UAE’s forward-thinking approach to fusing AI and space technology to develop solutions that benefit communities. He emphasized that Space42 aims to provide innovative, reliable and cost-effective products and services at the intersection of space and AI that meet the growing demands of its expanding customers.
Innovation and investment milestones
Abdullah Salem Al-Nuaimi, Group CEO of ADX, said innovation is essential for progress and sustainable development. Al Nuaimi pointed out that the creation of Space42 through the merger of two major companies currently listed on ADX represents an important milestone for the space technology and AI sector in the UAE and globally. Additionally, Mr. Alnuaimi expressed his pride in driving the success of Bayanat and Yahasat, and his excitement to support Space42 as it embarks on its journey as a newly formed AI-enabled company. He said the listing would open up new investment opportunities and significant growth potential, advancing Abu Dhabi’s space aspirations and contributing to the country’s broader economic goals. He welcomed Space42 as the newest member of the ADX family and affirmed his commitment to supporting the growth efforts of all publicly traded companies.
explore new frontiers
Hassan Al Hosani, CEO of Bayanat Smart Solutions, said Space42 represents a transformational milestone in the spacetech sector, combining the strengths of Bayanat and Yahasat to establish a new frontier of innovation. Then he said. He said that by harmoniously integrating the UAE’s forward-thinking approach to AI and space technology, the company plans to deploy solutions that not only meet but exceed the evolving demands of the global industry. said. Furthermore, AL Hosani asserted that at the convergence of technology and exploration, Space42 is committed to pioneering advances that inspire progress and drive positive change around the world. Al Hosani stressed that the mission is to harness the potential of space and AI to create a brighter future and strengthen the UAE’s position as a leader in the global space economy.
Commitment to growth and development
Ali Al Hashemi, CEO of Yahsat Space Services, said Space42’s journey will be marked by breakthrough innovations. He explained that Space42 provides unparalleled solutions and services that significantly improve the industry. Al Hashemi said the collaborative efforts of both teams are driving innovation and establishing new standards for spacetech excellence with advanced satellite infrastructure reaching 80 percent of the world’s population. He emphasized that there is. Furthermore, he expressed his pride in being part of this pivotal moment for both the UAE and the industry and accepted the challenge of being a force for positive change.
Promotion of national goals
Additionally, Space42 is committed to enhancing the UAE’s position as a global leader in the AI and space sector, in line with the National Space Strategy 2030 and the UAE National Artificial Intelligence Strategy 2031. The company aims to strengthen domestic manufacturing and raise the profile of the UAE. As a key contributor across the space value chain, while developing national capabilities and training the next generation of space and AI engineers and experts in the field.
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