Page 79 - DUBAL HOLDING PR REPORT - JULY 2024

DUBAL Holding's commitment to fostering a sustainable future and supports Dubai’s vision for a
green economy. "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.

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.

https://www.adsmehub.ae/en/explore/post-details/dubal-holding-acquires-equity-stake-in-
biod-technology-fzco