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
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SOURCE Yalla Group Limited
