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Yalla Group Ltd. (United Arab Emirates)

Main Activities: Data Processing, Hosting, and Related Services
Full name: Yalla Group Ltd. Profile Updated: October 30, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

The Company, through its wholly-owned subsidiaries operates a voice-centric social networking and entertainment platform mainly in the Middle East and North Africa region.
The Company s principal executive offices is located at 238, Building 16, Dubai Internet City, PO BOX 501913, Dubai, United Arab Emirates. Its telephone number at this address is +971 4453 9123. Its registered office in the Cayman Islands is located at the offices of Vistra (Cayman) Limited, P. O. Box 31119 Grand Pavilion, Hibiscus Way, 802 West Bay Road, Grand Cayman, KYl -1205 Cayman Islands. Its main website is yallatech.ae. Its agent for service of process in the United States is Cogency Global Inc., located at 122 East 42nd Street, 18th Floor, New York, N.Y. 10168.
BUSINESS
The Company operates online social networking and gaming platform mainly in the Middle East and North Africa region. The platform allows individual users free access to the basic functions on the platform. It also provides enhanced experiences for individual users by sales of virtual items and provision of upgrade services on the platform.
Today, the Company is a social networking and gaming platform in MENA. Its has built a large and vibrant Yalla community.
The Company has one operating segment, which is the social networking and entertainment platform.
HISTORY
2016 The Company commenced its business and launched its Yalla mobile application in April 2016 through FYXTech Limited, or FYXTech BVI, which was established under the laws of the British Virgin Islands, and Shenzhen Yale Technology Co., Ltd, or Shenzhen Yale, which was established under the laws of the PRC.
2018
The Company was incorporated in the Cayman Islands on February 7, 2018 by the controlling individual shareholders of FYXTech Limited (“FYXTech BVI”) and Shenzhen Yale Technology Co., Ltd (“Shenzhen Yale”), who agreed to vote in concert (collectively referred to as the “Co-founders”), in connection with a reorganization described below to redomicile the operations of FYXTech BVI and Shenzhen Yale to the Company (the “Reorganization”).
2019 The Company established FYXTECH CORPORATION, or FYXTech Cayman, under the laws of the Cayman Islands in February 2018 as its current ultimate holding company and changed its name to Yalla Group Limited in November 2019.
2020 The Company s ADSs, each representing one of its Class A ordinary share, has been listed on the New York Stock Exchange since September 30, 2020 under the symbol “YALA.”

Headquarters
238, Building 16, Dubai Internet City
Dubai; Northern Emirates; Postal Code: 501913

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Website: http://www.yalla.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2016
Key Executives
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President
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Chairperson
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Chief Financial Officer
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Chief Operating Officer
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Outside Director
Ownership Details
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20.332%
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7.706%
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6.777%
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Subsidiaries
Fyxtech Yalla Limited (United Kingdom)
Company Performance
Financial values in the chart are available after Yalla Group Ltd. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency USD. Absolute financial data is included in the purchased report.
Net sales revenue
4.69%
Total operating revenue
4.69%
Operating profit (EBIT)
44.92%
Net Profit (Loss) for the Period
29.61%
Total assets
25.12%
Total equity
27.07%
Operating Profit Margin (ROS)
10.28%
Net Profit Margin
7.5%
Return on Equity (ROE)
0.19%
Quick Ratio
-0.76%
Cash Ratio
-0.76%

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