Page 66 - DUBAL HOLDING PR REPORT - JULY 2024

7/10/24, 2:06 PM Dubal Holding buys key stake in top UAE biodiesel group BioD

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.

"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," he added.

Echoing this sentiment, BiOD’s Chief Executive Shiva Vig, said: "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," added Vig.-TradeArabia News Service

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