Page 110 - DUBAL HOLDING PR REPORT - JULY 2024

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Dubal Holding and BiOD support the circular economy

The strategic partnership aims to strengthen the UAE’s position in the global green economy,
reflecting both companies’ commitment to environmental sustainability and innovation in the energy
sector.

“This partnership with BiOD perfectly aligns with DUBAL Holding’s strategic objectives to invest in
environmentally conscious and innovative companies. We are confident that this partnership will not
only contribute to sustainable development in the UAE, but will also set a precedent for
environmental responsibility globally,” said Ahmad bin Fahad, CEO of DUBAL Holding.

BiOD CEO Shiva Vig added: “This is not only an investment in our company, but also 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 taking even greater steps in renewable energy with the support of DUBAL
Holding.

“I would also like to thank our advisors at Ideal Capital for their pivotal role in facilitating this deal.”

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