Key Takeaways:
- VEON Ltd. has announced the relocation of its headquarters from Amsterdam to Dubai, UAE.
- This move positions VEON as the largest Nasdaq-listed company headquartered in Dubai.
- The shift aims to enhance proximity to key markets and leverage opportunities in the Gulf region.
VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator, has announced that its Board of Directors has approved the relocation of the VEON Group headquarters from Amsterdam to Dubai, United Arab Emirates. The move comes as VEON has established its operational hub in the Dubai International Financial Centre (DIFC) since early 2022.
By relocating its headquarters to Dubai, VEON will become the largest Nasdaq-listed company with its headquarters in the city, which is also home to Nasdaq Dubai.
Kaan Terzioglu, Group CEO of VEON, stated, “Our decision to move VEON’s headquarters to Dubai reflects our strategic realignment towards greater proximity to our key markets. This relocation allows us to capitalize on the vast opportunities that Dubai offers, including closer access to our operations, world-class talent, and improved visibility with a wide range of Gulf investors. We are pleased to announce this shift as GITEX Global 2024, one of the world’s premier technology events, commences today in Dubai, marking a new chapter for VEON in a dynamic and thriving market.”
VEON is listed on both NASDAQ and Euronext Amsterdam, catering to a global shareholder base. The company’s digital operators serve 160 million connectivity customers and have a total of 110 million monthly active digital users across the six markets where VEON operates.
About VEON
VEON is a digital operator providing converged connectivity and digital services to nearly 160 million customers. Operating in six countries, which are home to over 7% of the world’s population, VEON is dedicated to transforming lives through technology-driven services that empower individuals and stimulate economic growth. For more information, visit: www.veon.com.
