Page 107 - DUBAL HOLDING PR REPORT - JULY 2024

7/10/24, 2:12 PM PRESSR: DUBAL Holding acquires equity stake in BioD Technology FZCO — TradingView News
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.

About DUBAL Holding

DUBAL Holding LLC (DH), established in 2014, is an Industrial Investment arm of

Investment Corporation of Dubai (ICD) and has been at the forefront of

promoting sustainable development and economic diversification in the UAE
with a focus on impactful investments in the Non-Ferrous Metals, Energy,

Industrial & Recycling / Sustainability sector. DH’s current portfolio of assets

include Emirates Global Aluminium (EGA), OSE Industries LLC, Warsan Waste

Management Centre, Sohar Titanium in Oman, Sinoway Carbon in China and

Thermalex Inc at USA.

For more information, please visit WWW.DUBALHOLDING.AE

About BiOD

Established just three years ago in Jebel Ali, BioD Technology has swiftly

emerged as a leader in the sustainable energy sector. This innovative biodiesel
manufacturer is pioneering the integration of its revolutionary biodiesel

https://www.tradingview.com/news/reuters.com,2024-07-09:newsml_Zaw60chyr:0-pressr-dubal-holding-acquires-equity-stake-in-biod-technology-fzco/ 2/3