Yalla Group Limited Files 2022 Annual Report on Form 20-F

Rhea-AI Summary

Yalla Group Limited (NYSE: YALA) announced the filing of its annual report on Form 20-F with the SEC on April 20, 2023, which includes audited financial statements for the fiscal year ending December 31, 2022. As the largest online social networking and gaming company in the MENA region, Yalla continues to expand its services through its mobile applications, Yalla and Yalla Ludo. The company aims to enhance user engagement by providing localized content and integrating new features. Shareholders can access the report online or request a hard copy.

Positive

• Largest online social networking and gaming company in MENA by revenue in 2022.
• Continued expansion of mobile applications Yalla and Yalla Ludo creates a diversified platform.
• Commitment to localized content and features enhances user engagement.

Negative

• None.

DUBAI, UAE , April 20, 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 it has filed its annual report on Form 20-F that includes its audited financial statements for the fiscal year ended December 31, 2022 with the U.S. Securities and Exchange Commission (the "SEC") on April 20, 2023, U. S. Eastern Time.

The annual report can be accessed on Yalla's investor relations website at https://ir.yallagroup.com and on the SEC's website at https://www.sec.gov. The Company will also provide a hard copy of the annual report containing its audited consolidated financial statements, free of charge, to its shareholders and American Depositary Share holders upon request.

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 functions. 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; and 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.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.
Jenny Cai
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-limited-files-2022-annual-report-on-form-20-f-301802902.html

SOURCE Yalla Group Limited

FAQ

What is the date of Yalla Group's annual report filing?

Yalla Group filed its annual report on Form 20-F on April 20, 2023.

What fiscal year does Yalla's annual report cover?

The annual report covers the fiscal year that ended on December 31, 2022.

Where can I access Yalla Group's annual report?

Yalla Group's annual report can be accessed on its investor relations website or the SEC's website.

What financial information is included in Yalla's annual report?

The annual report includes Yalla Group's audited financial statements.

What is Yalla Group's primary market focus?

Yalla Group primarily focuses on the Middle East and North Africa (MENA) region.