Page 73 - DUBAL HOLDING PR REPORT - JULY 2024

7/10/24, 2:06 PM DUBAL Holding acquires equity stake in BioD Technology FZCO | CXO Insight Middle East
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.

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