Yalla Featured at GITEX GLOBAL's Expand North Star 2023, World's Largest Tech and Startup Event

Rhea-AI Summary

Yalla Group's Director and President, Saifi Ismail, shares the company's unicorn story at Expand North Star 2023.

Positive

• Yalla is the first UAE-based tech unicorn to list on the NYSE.
• Yalla is committed to driving progress in the tech startup community and developing digital products that resonate with local users' needs.
• The company aims to capitalize on growth opportunities in the MENA region and facilitate the development of local digital economies.

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• None.

DUBAI, UAE, Oct. 18, 2023 /PRNewswire/ -- Yalla Group Limited ("Yalla" or the "Company") (NYSE: YALA), the largest Middle East and North Africa (MENA)-based online social networking and gaming company, today announced that its Director and President, Mr. Saifi Ismail, was recently invited to share Yalla's unicorn story at Expand North Star 2023, the world's largest technology and startup event, held in Dubai in association with GITEX GLOBAL. Mr. Ismail recounted Yalla's inspiring journey from its inception and detailed its proven strategies for continued prosperity.

"We were honored to share Yalla's development story, business experience and industry insights at this preeminent event, and proud to showcase the unique advantages our region offers for tech companies and startups," Mr. Ismail commented. "As the first UAE-based tech unicorn to list on the NYSE, Yalla is deeply committed to driving progress across the tech startup community while propelling digital development throughout MENA. We will continue to pursue innovation such as AI technology and develop digital products that resonate with local users' needs, capitalizing on growth opportunities in the region and facilitating the development of local digital economies."

Inspired by GITEX GLOBAL, the world's most established and iconic large-scale tech exhibition, Expand North Star unites founders, venture capitalists, and tech leaders to facilitate connections among the startup ecosystem. Together, the two events comprise the largest tech show in the world. Expand North Star 2023's unparalleled content program featured lively discussions among over 70 unicorn founders on 2023's biggest tech stories, with a focus on generative AI startups. Following last year's sell-out success, this year's 4-day event, which finished on October 18, 2023, was hosted by the Dubai Chamber of Digital Economy in a brand-new mega venue at Dubai Harbour, creating limitless opportunities for the world's leading investors and corporate innovators.

About Yalla Group Limited

Yalla Group Limited is the largest MENA-based online social networking and gaming company, in terms of revenue in 2022. 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 continues to add engaging new content, creating a regionally-focused, integrated ecosystem dedicated to fulfilling MENA users' evolving online social networking and gaming needs. Through its holding subsidiary, Yalla Game Limited, the Company has expanded its capabilities in mid-core and hard-core games in the MENA region, leveraging its local expertise to bring innovative gaming content to its users. In addition, the growing Yalla ecosystem includes YallaChat, an IM product tailored for Arabic users; Waha, a social networking product featuring 3-D avatars; casual games such as Yalla Baloot and 101 Okey Yalla, developed to sustain vibrant local gaming communities in MENA. Yalla is also actively exploring outside of MENA with 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 users.

For more information, please visit: https://ir.yalla.com.

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to" and similar statements. Statements that are not historical facts, including statements about Yalla Group Limited's beliefs, plans and expectations, are forward- looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in Yalla Group Limited's filings with the SEC. All information provided in this press release is as of the date of this press release, and Yalla Group Limited does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

Yalla Group Limited
Investor Relations
Kerry Gao - IR Director
Tel: +86-571-8980-7962
Email: ir@yalla.com 

Piacente Financial Communications
Jenny Cai
Tel: +86-10-6508-0677
Email: yalla@tpg-ir.com 

In the United States:

Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
Email: yalla@tpg-ir.com 

View original content:https://www.prnewswire.com/news-releases/yalla-featured-at-gitex-globals-expand-north-star-2023-worlds-largest-tech-and-startup-event-301960436.html

SOURCE Yalla Group Limited

FAQ

Who shared Yalla Group's unicorn story at Expand North Star 2023?

Yalla Group's Director and President, Saifi Ismail.

What is Yalla Group's commitment?

Yalla Group is committed to driving progress in the tech startup community and developing digital products that resonate with local users' needs.

Where was Expand North Star 2023 hosted?

Expand North Star 2023 was hosted by the Dubai Chamber of Digital Economy at Dubai Harbour.