Page 87 - DUBAL HOLDING PR REPORT - JULY 2024

DUBAL Holding, a sovereign wealth fund with a focus on sustainable and green
investments, recognizes the strategic importance of BiOD’s mission and
operations. 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.
About DUBAL Holding:
DUBAL Holding LLC (DH), established in 2014, is an Industrial Investment arm
of Investment Corporation of Dubai (ICD) and has been at the forefront of
promoting sustainable development and economic diversification in the UAE
with a focus on impactful investments in the Non-Ferrous Metals, Energy,
Industrial & Recycling / Sustainability sector. DH’s current portfolio of assets
include Emirates Global Aluminium (EGA), OSE Industries LLC, Warsan Waste
Management Centre, Sohar Titanium in Oman, Sinoway Carbon in China and
Thermalex Inc at USA.
Advertisement
About BiOD:
Established just three years ago in Jebel Ali, BioD Technology has swiftly
emerged as a leader in the sustainable energy sector. This innovative biodiesel
manufacturer is pioneering the integration of its revolutionary biodiesel
production system into existing societal infrastructures, paving the way for a
greener future. Its unwavering dedication to environmental sustainability and
the highest quality standards is highlighted by its ISCC certification, ensuring
that every step of their process meets the most rigorous international criteria.

https://mid-east.info/dubal-holding-acquires-equity-stake-in-biod-technology-fzco/