Page 104 - DUBAL HOLDING PR REPORT - JULY 2024

7/10/24, 2:12 PM DUBAL Holding acquires equity stake in BioD Technology FZCO - Middle East News 247
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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