Bayanat to merge with Yahsat in a $4bn deal.

Bayanat, an end-to-end, customised geospatial data products and services provider, agreed to merge with Yahsat, a global satellite operator, in a $4bn deal. “This merger will unite two leading home-grown companies to create the MENA region’s first AI-powered space technology company. Leveraging our complementary assets, capabilities and ambitions will allow us to expand across the space value chain and offer an unparalleled service to our combined customer base. Together, we will leverage our key synergies to reinforce our position as a key engine of growth and strategic solutions provider to the UAE government and its agencies, while expanding our reach to global customers," H.E. Tareq Al Hosani, Bayanat Chairman.