VEON Ltd. (Nasdaq: VEON), a worldwide digital operator (“VEON” or the “Group”), as we speak declares that it has accomplished the transfer of its Group headquarters from Amsterdam to Dubai, United Arab Emirates.
This announcement follows the approvals within the conferences of the VEON Board of Administrators in Amsterdam on 12 December 2024 and in Dubai on 19 December 2024 to maneuver the place of efficient administration of VEON Ltd. to the Dubai Worldwide Monetary Centre (DIFC). These approvals, coupled with the headquarter actions which might be already carried out by the Group in Dubai, completes the transfer of the Group headquarters to Dubai.
The remaining performance within the Amsterdam workplace is anticipated to be additional scaled down within the coming interval, as beforehand introduced by the Group.
With the transfer of its Group headquarters to the Dubai, VEON is now the biggest Nasdaq-listed firm with its Group headquarters in Dubai, which can also be house to Nasdaq Dubai.
“Over the previous few months, we have now taken quite a lot of steps that simplify our governance and reinforce our strategic alignment to our key markets. With the consolidation of our buying and selling on Nasdaq in New York, United States, and the completion of our Group headquarters transfer to Dubai, we’re effectively positioned to be a singular alternative for international traders excited about frontier market development alternative. We look ahead to benefiting from the alternatives that our Dubai transfer entails, together with entry to world class expertise and enhanced visibility with Gulf traders,” mentioned Kaan Terzioglu, Group CEO of VEON.
VEON is a Nasdaq-listed firm with a worldwide shareholder base. VEON’s Digital Operators serve 160 million connectivity prospects, and almost 110 million month-to-month energetic digital customers within the six markets the place VEON operates: Ukraine, Pakistan, Bangladesh, Kazakhstan, Uzbekistan and Kyrgyzstan.