Page 102 - DUBAL HOLDING PR REPORT - JULY 2024

7/10/24, 2:11 PM Business News
greenhouse gas emissions by 84 per cent, as verified by its ISCC certification.

DUBAL Holding, a sovereign wealth fund with a focus on sustainable and green investments, recognizes the
strategic importance of BiOD’s mission and operations. This investment underscores DUBAL Holding's

commitment to fostering 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.

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