Page 71 - DUBAL HOLDING PR REPORT - JULY 2024

7/10/24, 2:06 PM DUBAL Holding Acquires An Equity Stake In BiOD Technology FZCO
BiOD’s CEO, Shiva Vig, echoed this sentiment, expressing 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. Our joint commitment to contributing to the UAE’s green economy and

making even greater strides in renewable energy with DUBAL Holding’s support is truly

inspiring. I also want to acknowledge our advisors at Ideal Capital for their crucial role in
facilitating this deal,” Shiva 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. This

partnership has the potential to significantly impact the global green economy, offering

hope for a brighter, more sustainable future.

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