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Yalla Group Reveals New $150M Share Repurchase Program

Benzinga·03/09/2026 21:09:50
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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 board of directors has authorized a new share repurchase program under which the Company may repurchase up to US$150 million worth of its outstanding (i) American depositary shares ("ADSs"), each representing one Class A ordinary share, and/or (ii) Class A ordinary shares over the next 24 months starting from March 9, 2026.