Home TechSpace42 secures $ 695.5 million facility to fund the next generation UAE satellites

Space42 secures $ 695.5 million facility to fund the next generation UAE satellites

by Hammad khalil
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Abu Dhabi, (Urduupoint / Pakistan Point News / WAM – 23rd July 2025) Space42 today US $ 695.5 million Exports Agency (ECA) The next generation of geostation satellites, Al Yah 4 and Al Yah 4 and Al Yah 5.

Financing represents an important step in the strategy of Space42 to establish capacity capacity capacity capacity capabilities in many classes.

Crédit Agricole Cib, Santander Cib, Socie General, and Natixis and Natixis and BPIFRANCE Assurance Export, this facility showed an appeal to the major international banks of the company and will find satellites set for launch in 2027 and 2028.

This feature provides space42 alliance with its satellite development timeline with cost-effective, long-term financing, while the strength of the liquidity holes to support the future growth initiative.

Space42 Chief Financial Officer Andrew Kole said, “Al Yah 4 and Al Yah 5 program is underlined by 17-Yaar, $ 5.

1 billion government contract begins in 2026 and multi-path leads our goal to become a reliable leader in safe connectivity by providing important connectivity solutions. This strategic column focuses on protecting safe communication capacity capacity and increasing civil domains through multi-orbit satellite networks that ensure uninterrupted connectivity for mission-mating applications. The ECA financing composition optimizes our cost of funding and proves that financial flexibility increases to execute our development agenda.

Al Yah 4 and Al Yah 5 is the facility of software-definative architecture with full flexible payloads that can be re-configured in the classroom. This technique enables the real time of coverage, bandwidth and frequency allocation to meet the operating needs developed in the Middle East, Africa, Europe and Asia.

The satellite will comment and eventually play al -Yah 1 and Al Yah 2 again, launched in 2011 and 2012 respectively.



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