Page 52 - SAMENA Trends - July-September 2024

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

innovation in the aerospace market. These capabilities include Tech Mahindra to support Marshall’s ongoing programs, and
extensive expertise in aerostructures, electrical and mechanical their global reach and expertise will undoubtedly unlock new
engineering, airworthiness, and stress test engineering, gained use cases and markets where we have not yet established a
over many years. The partnership will support the expansion of presence.” With nearly three decades of experience and expertise,
Marshall’s engineering services programs by capitalizing on Tech Tech Mahindra is a global leader in engineering services for the
Mahindra’s strengths in the aerospace engineering sector. Gareth aerospace industry. The organization works with eight out of top
Williams, Chief Operating Officer, Marshall, said, “We are excited ten aerospace manufacturers and offers innovative solutions
to take this major step forward with Tech Mahindra. As two for original equipment manufacturers (OEMs) and aftermarket.
family-founded businesses with a global presence and a shared Tech Mahindra has delivered millions of dollars in savings to
commitment to providing critical support to our customers, 300+ customers worldwide and increased productivity through
we have much in common – but we also possess distinct and intelligent design and manufacturing excellence.
mutually complementary strengths. There is ample scope for

Yahsat-Bayanat Partnership Launches SAR Satellite
for UAE

Bayanat, a provider of AI-powered geospatial solutions, and
Yahsat, the UAE’s flagship satellite solutions provider, have
announced the successful launch of their first low Earth orbit
(LEO) synthetic aperture radar (SAR) satellite. It went into orbit
at the end of last week. This initiative took place in partnership
with ICEYE, a pioneer in SAR satellite operations for earth
observation, persistent monitoring, and natural catastrophe
solutions. As part of the UAE’s Earth Observation Space Program,
created to build national satellite remote sensing and Earth
observation capabilities within the UAE, this satellite is the first
in a comprehensive SAR constellation that will deliver high-
resolution, persistent monitoring solutions. SAR technology is an
active sensing system that illuminates the Earth’s surface and
measures the reflected signal to generate high-resolution images.
Unlike traditional optical imaging satellites, SAR can capture
images day and night, regardless of weather conditions or solar
illumination. Compared to other new space SAR satellite services,
ICEYE says its radar antenna covers much larger geographical
areas and provides higher-resolution images of smaller areas, definition images of on-the-ground conditions across the region
providing more value to customers. The constellation of LEO and beyond. This initiative, say the companies, enhances their
satellites will provide a consistent data stream for end-to-end ability to provide timely and accurate geospatial insights, critical
solutions for SAR applications. It will cover the entire value chain for applications in disaster management, maritime surveillance,
by leveraging the available synergies in Yahsat’s upstream and and smart mobility. In December 2023 we reported that Bayanat
midstream capabilities and Bayanat’s downstream capabilities. and Yahsat had announced plans for a merger, effective late
The orbiting satellites will revisit the Middle East more frequently, this year. The new group will be named Space42. Shareholders
enabling Bayanat and Yahsat to deliver near real-time, high- approved the plans in April.

Yahsat Approves Interim Dividend of US$55.79 million for H1 2024

The Board of Directors of Abu Dhabi-based Al Yah Satellite shareholders registered by the end of the business day on
Communications Company (Yahsat) has approved an interim Thursday, 12 September 2024. Additionally, the Board has
dividend distribution of 8.40 fils per share for the first half of 2024, approved the agenda for the company’s General Assembly
WAM reported. In a notice to the Abu Dhabi Securities Exchange Meeting (GAM) and has called for the GAM to be held on 26th
(ADX) on Tuesday, Yahsat announced that these dividends September 2024, or on a different date to be determined by the
amount to 8.40 percent of the share’s nominal value, totaling Securities and Commodities Authority.
AED204,940,703 ($55.79 million), which will be distributed to

52 JULY-SEPTEMBER 2024