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NewsTranscript
00:00Today, if we take a general look at the data and the data sets,
00:07we can see that the revenues for 2023 are $772 million
00:17and the net income is $174 million,
00:22and this is a good financial center,
00:27and this will allow us to build on this center,
00:30we will be able to develop our business,
00:32I repeat, in terms of the context of the services we will offer,
00:36and also geographically, regionally and globally.
00:39When do you expect to implement this in the Abu Dhabi Stock Exchange?
00:44Our goal is to be able to implement this integration
00:49within the second half of this year,
00:52and the important thing is to be able to meet all the organizational and legal requirements,
01:00and we are working on this,
01:02but this is our business plan.
01:04In the second half of 2024,
01:08the integration will take place,
01:10and the company will become one, God willing.
01:13The Yessat shares will be withdrawn from the Abu Dhabi Stock Exchange,
01:17and the company will remain under the name of Space 42, correct?
01:19A very important question.
01:21The Yessat shares will be withdrawn from the Abu Dhabi Stock Exchange,
01:28and new shares will be given to Yessat shareholders,
01:36on the basis that there will be legal violations,
01:42and we are also working on this.
01:46The free market share is approximately 21%.
01:50Will the shares be preserved, or will there be some kind of change?
01:54Currently, we don't think there will be any change,
01:57but this will be part of the financial and strategic plan,
02:01which will be presented to the Board of Directors,
02:03and this decision will be based on the authority of the Board of Directors.