Yahsat appoints Amit Somani as Chief Growth and Strategy Officer

Al Yah Satellite Communications Company (ADX: YAHSAT), the UAE’s flagship satellite solutions provider, has announced the appointment of Amit Somani as Chief Growth and Strategy Officer.Mr. Somani, a veteran of the satellite communications industry, rejoins Yahsat with over 27 years of experience in satellite communications and management consulting. He already has extensive knowledge of Yahsat across various roles during his previous tenure with the company from 2010 to 2022. These included Vice President of Strategy and Business Development and most recently Chief Strategy Officer from 2014 to 2022.In his new leadership role with Yahsat, Mr. Somani will oversee the development and implementation of the company’s growth strategy in addition to spearheading its global strategic partnerships and alliances. This expanded position reaffirms Yahsat’s accelerated efforts to successfully implement its wider growth strategy. Mr. Somani’s expertise will be crucial in enabling the company to diversify its range of products and solutions while venturing into new emerging market segments and expanding its satellite capabilities.Ali Al Hashemi, Group Chief Executive Officer of Yahsat, said: "We would like to welcome Amit back into the Yahsat family. His appointment is part of Yahsat’s continuous efforts to attract the best talent from across the satellite communications industry who can help us deliver on our ambitious growth strategy. His in-depth knowledge of the satellite communications industry and his proven leadership capabilities will be crucial in advancing our goals.”Mr. Al Hashemi highlighted Mr. Somani’s active participation in implementing Yahsat's successful IPO and listing on the Abu Dhabi Securities Exchange (ADX) in 2021, as an example of his ability to deliver exceptional results.Amit Somani, Chief Growth and Strategy Officer of Yahsat, said: "I am delighted to return to Yahsat and contribute to its ambitious mission of transforming the space industry in the UAE and the wider region. It is a pleasure to resume my journey with Yahsat and contribute to its growth, innovation, delivering exceptional solutions for its valued customers, building upon its strong foundations, strategic partnerships, and operational excellence."Mr. Somani will return to Yahsat in this new role on 1st April 2024, after a two-year stint as Chief Executive Officer of the UAE-based international hedge fund consortium, ABS Global.He holds an Executive Master of Business Administration (EMBA) degree from the London Business School and a MEng. degree in Electrical Engineering, from the University of Nottingham, UK.

AstroLabs to be “community partner” for LBS MENA Startup Competition 2023

Dubai: London Business School’s MENA Startup Competition has secured the support of AstroLabs for this year’s event, with the AstroLabs Campus facility in Dubai, United Arab Emirates, offered as a venue for this year’s event. Additionally, AstroLabs is offering a broader, long-term community partnership role for the work that LBS undertakes to promote, teach and support the growing entrepreneurial ecosystem within the region.With ambitions to become one of the most acclaimed startup competitions in MENA, aiming to connect aspiring entrepreneurs with VCs and investors across the region, the inaugural LBS MENA Startup Competition in 2022 attracted strong, talented competition, with leading tech startup, Ollang, crowned the winner.AstroLabs, an ecosystem builder in MENA since 2013, operates as the region’s trusted partner in solving innovation challenges, building self-sustaining ecosystems, and accelerating the growth of the digital economy by driving impactful large-scale programmes, and fast-tracking regional and global businesses‘ scaling strategies into MENA.With a mission to build competitive local markets, helping to elevate local enterprises to global standards and enabling international companies to thrive in local landscapes, AstroLabs recognises the importance of the role that LBS plays in the region and the growing prominence of the MENA Startup Competition.Ramzi Qannati along with Ihab Tabbara, Co-Presidents of the London Business School Entrepreneurship Club, are both managing and providing mentorship for this year’s event, working with a talented body of LBS students from around the world.Mr Qannati, himself an LBS alumnus (EMBA 2019), said it is rewarding to learn that London Business School, through its work undertaken at the School’s Institute of Entrepreneurship and Private Capital (IEPC), has become so very well known for its international leadership and educative role in inspiring entrepreneurs and private capital investors.“Collaborative partnerships play a pivotal role in fostering successful entrepreneurship ecosystems. The presence of aligned partners who not only embrace our vision of generating value for both founders and investors but also bolster our endeavors, magnifies our capacity to drive concrete outcomes. We consider ourselves extremely fortunate to welcome AstroLabs as our Community Partner for this year's LBS MENA Startup Competition. By empowering the broader business ecosystem with essential tools, expertise, and profound insights necessary for catalyzing growth, we hold a strong belief that AstroLabs will significantly enrich this journey as a valuable contributor,” says Mr Qannati.Roland Daher, CEO of AstroLabs and an LBS alumnus (EMBA 2010), said, ”We've been actively supporting this ecosystem for a solid decade now, and there's a noticeable rise in the competitive capacity of regional startups and SMEs on the global level. Partnering with the LBS MENA Startup Competition is another way for us to continue honoring our commitment to enabling the entrepreneurial landscape."Daher added, "This year's competition is particularly interesting for us. Aligned with the business school's broader objectives, we're excited to be part of this initiative and support building a stronger connection between LBS and the wider entrepreneurial community. Our partnership aims to facilitate the integration of a new generation of ambitious entrepreneurs into our regional framework and provide a boost to their scaling strategies."Also to be included in the package of support for this year’s competition by AstroLabs will be access to mentorship for the finalists and a platform of valuable support for this year’s winner, including discount membership of AstroLabs itself.Speaking about the association with AstroLabs, Mr Qannati added: “I am an ardent believer in the abilities of young people within the MENA region who are driving the country’s growing enterprise sector. When I see relationships such the one forged between AstroLabs and this exciting new LBS startup competition I don’t just see a connection being made, but rather an entire ecosystem growing and flourishing”.