Page 89 - 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.

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.
Shiva Vig, CEO, BiOD

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.techafricanews.com/2024/07/09/dubal-holding-acquires-stake-in-biod-to-boost-
uaes-green-economy/