DUBAI, UAE, April 21,
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 published its 2022
Environmental, Social and Governance (ESG) Report. The report
details the company's performance and future goals across five
major areas, including responsible governance, environment, trust,
people and community, highlighting its corporate vision beyond
financial achievements for 2022.
"Sustainability has always been integral to our corporate
values. Amid the turbulent environment in 2022, we remained
dedicated to promoting the sustainable development of Yalla Group
and the local communities with which we are engaged, pursuing our
ESG goals and expanding our voluntary reporting on our ESG
initiatives and progress," said Mr. Yang
Tao, Founder, Chairman and CEO of Yalla. "As the MENA region
continues to develop rapidly, we will leverage our deep local
insights to broaden our business horizons as well as our
sustainability capabilities, amplifying the scope of our ESG
efforts to responsibly lead MENA's digital transformation."
Mr. Saifi Ismail, President of
Yalla, commented, "Despite external challenges in 2022, we
successfully executed our "quality growth" strategy and delivered
solid year-over-year growth in terms of revenue, which became a
strong motivator and assurance for us to pursue our ambitions in
ESG. In 2022, we took on new ESG initiatives designed to accelerate
our growth in areas most pertinent to emerging sustainability
opportunities and challenges. We believe our new strategy sets a
clear pathway forward, aligned with current market conditions and
stakeholder expectations. Moving ahead, we will continue to
incorporate ESG initiatives into our business strategy, delivering
value to all our stakeholders as we strive to achieve our
mission."
To view the report in full, please visit:
https://ir.yallatech.ae/esg.
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; 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.
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@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
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SOURCE Yalla Group Limited