Page 85 - DUBAL HOLDING PR REPORT - JULY 2024

This investment underscores 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.sustainabilitymenews.com/energy/dubal-holding-acquires-equity-stake-in-biod-
technology-fzco