Page 57 - DUBAL HOLDING PR REPORT - JULY 2024

7/11/24, 12:05 PM News | Day of Dubai
DUBAL Holding, a sovereign wealth fund focused on sustainable and green investments, recognizes
the strategic importance of BiOD’s mission. This investment aligns with Dubai’s vision for a green
economy and demonstrates DUBAL Holding’s dedication to fostering a sustainable future. "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.

BiOD’s CEO, Shiva Vig, expressed optimism about the future of this collaboration. "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 highlights the UAE’s leadership in green
technology and exemplifies how strategic partnerships can drive substantial progress toward a

cleaner, more sustainable future.

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