DUBAI, UAE, Aug. 1, 2022
/PRNewswire/ -- Yalla Group Limited ("Yalla" or the "Company")
(NYSE: YALA), the leading voice-centric social networking and
entertainment platform in the Middle
East and North Africa
(MENA), today announced that following a rigorous selection
process, Mr. Mohamed Al Ghanim has
been appointed as an independent director to the Company's board of
directors (the "Board"). Mr. Al
Ghanim will also serve as a member of the Nominating and
Corporate Governance Committee.
Upon Mr. Al Ghanim's appointment,
the Board accepted Mr. Osman
Sultan's resignation. Mr. Osman
Sultan resigned from the Board as an independent director
and a member of the Nominating and Corporate Governance Committee
to focus on his other professional obligations.
"It has been a real privilege to work with all the great minds
at Yalla," said Mr. Sultan. "I genuinely believe that with its
unparalleled localization capabilities, cutting-edge technologies
and thought leadership, Yalla will build on its success and achieve
an even greater presence in the MENA market."
"Osman's in-depth knowledge of the telecommunications industry
and his extensive leadership experience have been valuable for the
Company to successfully navigate through the challenges to achieve
its tremendous growth momentum over the past two years," said Tao
Yang, Chairman of the Board and Chief Executive Officer. "On behalf
of the Board, I would like to take this opportunity to express my
sincere appreciation to Osman for his service to the Board and his
contributions to the Company. We wish him every success in the
future."
Mr. Al Ghanim is a renowned
telecommunications expert with an extensive regulatory background.
He is the founder and ex-director general of the UAE
Telecommunications and Digital Government Regulatory Authority (the
"TDRA"). From 2004 to 2018, Mr. Al
Ghanim led the TDRA to successfully design and implement a
regulatory framework for the sector. He also improved UAE's global
competitiveness in the telecom sector by promoting technical skills
and national human capital. In addition to his work at the TDRA,
Mr. Al Ghanim has held noteworthy
positions across the industry including Vice-Chairman of the UAE
Information and Communications Technology Fund from 2006 to 2009,
Chairman of the UAE Institute for Advanced Science and Technology
from 2006 to 2009, and Board member of National Media Council from
2008 to 2010. Mr. Al Ghanim received
a B.A. in Engineering with excellence and honors from Khalifa
University in 1994. Currently, he serves as a Senior Partner in
Alpha Alliance Consultancy Company, a Board Member of Flash
Entertainment, and a Member of the Audit Committee of Abu Dhabi
Motorsports Management.
"We are extremely pleased to welcome Mr. Al Ghanim to our Board. As an expert making
significant contributions to both the academic and professional
field, there is no doubt that Mr. Al
Ghanim is going to bring unique and valuable perspectives to
Yalla," Tao Yang continued. "We are excited to have Mr.
Al Ghanim join our team as the
Company continues to unlock its unlimited potential."
"Yalla has the products, technology and people required to build
the most popular online social networking and entertainment
destination in the MENA region. I am honored to take on this role
on Yalla's board and be part of the Company's journey forward,"
said Mr. Al Ghanim.
About Yalla Group Limited
Yalla Group Limited is the largest voice-centric social
networking and entertainment platform in the Middle East and Northern Africa (MENA). The Company operates
two flagship mobile applications, Yalla, a voice-centric group chat
platform, and Yalla Ludo, a casual gaming application featuring
online versions of board games, popular in MENA, with in-game voice
chat and localized Majlis functionality. Building on the success of
Yalla and Yalla Ludo, the Company has expanded its content,
creating a regionally-focused, integrated ecosystem dedicated to
fulfilling MENA users' evolving online social networking and
entertainment needs. The ecosystem includes YallaChat, an IM
product tailored for Arabic users; Waha, a social networking
product designed for the metaverse; and games such as Yalla Baloot
and 101 Okey Yalla, developed to sustain vibrant local gaming
communities in the region. Yalla is also actively exploring outside
of MENA, having launched Yalla Parchis, a Ludo game designed for
the South American markets. Yalla's mobile applications deliver a
seamless experience that fosters a sense of loyalty and belonging,
establishing highly devoted and engaged user communities through
close attention to detail and localized appeal that profoundly
resonates with its users. In addition, through its holding
subsidiary, Yalla Game Limited, the Company has expanded its
capabilities in mid-core and hard-core game distribution in the
MENA region, leveraging its local expertise to bring exciting new
content to its users.
For more information, please visit:
https://ir.yallagroup.com.
For investor and media inquiries, please contact:
Yalla Group Limited
Investor Relations
Kerry Gao – IR Director
Tel: +86-571-8980-7962
Email: ir@yallatech.ae
The Piacente Group, Inc.
Yang Song
Tel: +86-10-6508-0677
Email: yalla@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
Email: yalla@tpg-ir.com
View original
content:https://www.prnewswire.com/news-releases/yalla-group-announces-board-changes-301596734.html
SOURCE Yalla Group Limited