Data News > VEON Limited Completes Move of Group Headquarters to Dubai
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VEON Limited Completes Move of Group Headquarters to Dubai
By KlickAnalytics Data Insights | December 22, 2024 04:59AM ET
- VEON Limited, a global digital operator, has relocated its group headquarters from Amsterdam to Dubai.
- The board approved the move during meetings in Amsterdam and Dubai this month.
- VEON is now the largest Nasdaq-listed company with its group HQ in Dubai, which is also home to Nasdaq Dubai.
In an exciting development, VEON Limited, a leading global digital operator, has successfully moved its group headquarters from Amsterdam to Dubai. This move was confirmed in a press release following the board's approval during meetings held in Amsterdam and Dubai this month. The relocation decision was made to shift the place of effective management of VEON Limited to the Dubai International Financial Centre (DIFC). Additionally, it is anticipated that the activities at the Amsterdam office will be further reduced in the near future. With this strategic relocation, VEON has become the largest Nasdaq-listed company with its group headquarters situated in Dubai, aligning with Nasdaq Dubai's presence in the region.
Kaan Terzioglu, the Group CEO of VEON, expressed his optimism about the move, stating, "With the consolidation of our trading on Nasdaq in New York, US, and the completion of our Group headquarters move to Dubai, we are well positioned to be a unique opportunity for global investors interested in frontier market growth opportunity." He added that they are looking forward to leveraging the benefits of the Dubai relocation, such as access to top-tier talent and increased visibility with Gulf investors. VEON's digital operators cater to 160 million connectivity customers and nearly 110 million monthly active digital users across six markets, including Ukraine, Pakistan, Bangladesh, Kazakhstan, Uzbekistan, and Kyrgyzstan.
Overall, this strategic relocation of VEON Limited's group headquarters to Dubai marks a significant milestone for the company, positioning them for growth and enhanced opportunities in the global market.
- The board approved the move during meetings in Amsterdam and Dubai this month.
- VEON is now the largest Nasdaq-listed company with its group HQ in Dubai, which is also home to Nasdaq Dubai.
In an exciting development, VEON Limited, a leading global digital operator, has successfully moved its group headquarters from Amsterdam to Dubai. This move was confirmed in a press release following the board's approval during meetings held in Amsterdam and Dubai this month. The relocation decision was made to shift the place of effective management of VEON Limited to the Dubai International Financial Centre (DIFC). Additionally, it is anticipated that the activities at the Amsterdam office will be further reduced in the near future. With this strategic relocation, VEON has become the largest Nasdaq-listed company with its group headquarters situated in Dubai, aligning with Nasdaq Dubai's presence in the region.
Kaan Terzioglu, the Group CEO of VEON, expressed his optimism about the move, stating, "With the consolidation of our trading on Nasdaq in New York, US, and the completion of our Group headquarters move to Dubai, we are well positioned to be a unique opportunity for global investors interested in frontier market growth opportunity." He added that they are looking forward to leveraging the benefits of the Dubai relocation, such as access to top-tier talent and increased visibility with Gulf investors. VEON's digital operators cater to 160 million connectivity customers and nearly 110 million monthly active digital users across six markets, including Ukraine, Pakistan, Bangladesh, Kazakhstan, Uzbekistan, and Kyrgyzstan.
Overall, this strategic relocation of VEON Limited's group headquarters to Dubai marks a significant milestone for the company, positioning them for growth and enhanced opportunities in the global market.
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