Page 41 - SAMENA Trends - December 2023
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REGIONAL & MEMBERS UPDATES  SAMENA TRENDS

        and  exceed  the increasing  demands  of   of  nearly  every  major  CX  technology   office solutions and move up as a valuable
        their  customers has  never  been  greater.   provider.” Eventus, a key player in providing   BPS  partner. Navixus™ aligns  with  this
        Companies  need  to evolve  and  automate   comprehensive  customer engagement   vision,  further  enabling  Tech  Mahindra
        or be  replaced  by those  who proactively   solutions  including  strategy  consulting,   to  deliver  industry  leading  digital-first
        modernize  their  operations.  Navixus™  will   cloud-based tools, and managed services,   solutions to its global customers.
        provide  customers the  experience  from   was  acquired  by  Tech  Mahindra  with  the
        global implementations and the integration   aim of augmenting its consulting-led front






                                             Space Tech Firms Yahsat and Bayanat to Merge



        Two United  Arab Emirates  (UAE)  space  tech  companies are  to
        merge  to  create  a  AED15  billion  (USD4.1  billion)  enterprise.
        Geospatial solutions provider Bayanat and satellite communications
        firm Yahsat will combine to create an AI-powered space technology
        company with  global  reach.  The  proposed  transaction  will  be
        executed  through a  share  swap,  with  Bayanat  as  the  remaining
        legal entity. Bayanat and Yahsat shareholders will own 54% and
        46%  respectively  of  the  new  combined  company.  Bayanat’s
        majority owner G42 will take a 42% stake, while Yahsat shareholder
        Mubadala will have a 29% interest. The merger, which is subject to
        regulatory  approval,  is  expected  to close  in  the  second  half  of
        2024. Tareq Al Hosani, Chairman of Bayanat, said: ‘This merger will
        unite  two  leading  home-grown  companies  to  create  the  MENA
        region’s first AI-powered space technology company. Leveraging   us to expand across the space value chain and offer an unparalleled
        our complementary assets, capabilities and ambitions will allow   service to our combined customer base.’











































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