UAE – Mubasher: VEON Limited, a global digital operator, has completed the move of its group headquarters (HQ)from Amsterdam to Dubai, according to a press release.
This announcement follows the board’s approvals during their meetings in Amsterdam and Dubai this month to move the place of effective management of VEON Limited to the Dubai International Financial Centre (DIFC).
Meanwhile, the remaining functionality in the Amsterdam office is expected to be further scaled down in the coming period.
Following the movement, VEON became the largest Nasdaq-listed company with its group HQ in Dubai, which is also home to Nasdaq Dubai.
Kaan Terzioglu, Group CEO of VEON, commented: “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.”
“We look forward to benefiting from the opportunities that our Dubai move entails, including access to world-class talent and enhanced visibility with Gulf investors,” Terzioglu added.
VEON’s digital operators serve 160 million connectivity customers, and nearly 110 million monthly active digital users in six markets, including Ukraine, Pakistan, Bangladesh, Kazakhstan, Uzbekistan, and Kyrgyzstan.
