#Dubai #MENA #UAE #share buyback #Yalla Group

Yalla Group Limited Launches $150 Million Share Repurchase Program

On March 9, 2026, Yalla Group Limited, a prominent player in the social networking and gaming sector throughout the Middle East and North Africa (MENA), announced a significant share repurchase initiative authorized by its board of directors. The program allows the company to buy back up to $150 million worth of its outstanding American Depositary Shares (ADSs) and Class A ordinary shares within the next two years.

Founder and CEO Tao Yang expressed enthusiasm about the launch, noting that it highlights the company's confidence in its long-term growth prospects and the robustness of its underlying operations. The program will strengthen Yalla’s financial standing while also demonstrating a commitment to delivering value to its shareholders. Yang emphasized their disciplined approach to capital allocation, which will allow ongoing strategic investments alongside this repurchase initiative.

As part of this repurchase program, Yalla intends to procure shares periodically on the open market at current market rates or through privately conducted trades, dependent on market conditions and regulatory requirements. The board of directors plans to assess the program's progress regularly, with possible adjustments to its parameters as necessary. Yalla's robust balance sheet, alongside healthy cash flows, provides the financial flexibility required for this buyback strategy.

About Yalla Group Limited

Yalla Group Limited has positioned itself as the largest online social networking and gaming entity in the MENA region, according to 2022 revenue figures. The company oversees two primary mobile applications: Yalla, a voice-centric platform for group chats, and Yalla Ludo, which offers online versions of favored board games infused with local traditions and cultural elements. This approach not only caters to gamers but also builds a community for MENA users.

Following the success of these applications, Yalla continuously enhances user engagement through exciting new content additions. The company seeks to craft an integrated ecosystem that addresses the evolving needs of MENA's online community.

Additionally, Yalla's subsidiary, Yalla Game Limited, is expanding its reach into mid-core and hard-core gaming, capitalizing on the local expertise to deliver innovative gaming solutions. The growth of the Yalla ecosystem also encompasses ventures like YallaChat—a messaging product designed specifically for Arabic speakers—and WeMuslim, which assists Arabic users in practicing their customs. Casual games like Yalla Baloot and 101 Okey Yalla aim to cultivate lively local gaming cultures across the region.

Exploration beyond the MENA territory has also begun with Yalla Parchis, a rendition of the popular Ludo game aimed at South American audiences, illustrating Yalla's ambition to extend its influence internationally. Its apps deliver a cohesive user experience, fostering loyalty and belonging among those who engage with Yalla's services. This consistent attention to localized preferences resonates deeply with users, nurturing vibrant and active communities.

For more insights into Yalla Group Limited and its initiatives, visit their official investor relations page.

Safe Harbor Statement

This announcement includes forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995, marked by terms such as "expects," "aims," and "believes." These statements involve risks and uncertainties. Detailed information regarding these risks can be found in Yalla Group Limited's filings with the SEC. Yalla Group does not intend to update any forward-looking statements unless required by law.