Page 100 - DUBAL HOLDING PR REPORT - JULY 2024

7/10/24, 2:11 PM DUBAL Holding acquires equity stake in BioD Technology FZCO | Web Release
a sustainable future and supports Dubai’s vision for a green economy. “This partnership with BiOD aligns perfectly with
DUBAL Holding’s strategic objectives of investing in environmentally responsible and innovative businesses. We are

confident that this collaboration will not only contribute to sustainable development in the UAE but also set a precedent
for environmental responsibility worldwide,” said Ahmad bin Fahad, CEO of DUBAL Holding.

Echoing this sentiment, BiOD’s CEO, Shiva Vig, expressed profound gratitude and optimism about the future. “We are

thrilled to welcome DUBAL Holding as a strategic partner. This is not just an investment in our company but a
testament to our shared vision for a sustainable future. We are proud to contribute to the UAE’s green economy and look

forward to making even greater strides in renewable energy with DUBAL Holding’s support. I also want to
acknowledge our advisors at Ideal Capital for their crucial role in facilitating this deal,” Vig stated.

The collaboration between DUBAL Holding and BiOD marks a significant milestone in the pursuit of sustainability and

innovation in the energy sector. It not only highlights the UAE’s leadership in green technology but also sets a powerful
example of how strategic partnerships can drive substantial progress towards a cleaner, more sustainable future.

DUBAL Holding acquires equity stake in BioD Technology FZCO
Share Facebook Twitter Google+ ReddIt

Pinterest

https://web-release.com/dubal-holding-acquires-equity-stake-in-biod-technology-fzco/ 2/2