VEON Completes the Move of its Headquarters to Dubai
December 19 2024 - 5:42AM
Dubai, 19 December 2024: VEON Ltd.
(Nasdaq: VEON), a global digital operator (“VEON” or the “Group”),
today announces that it has completed the move of its Group
headquarters from Amsterdam to Dubai, United Arab Emirates.
This announcement follows the approvals in the
meetings of the VEON Board of Directors in Amsterdam on 12 December
2024 and in Dubai on 19 December 2024 to move the place of
effective management of VEON Ltd. to the Dubai International
Financial Centre (DIFC). These approvals, coupled with the
headquarter activities that are already performed by the Group in
Dubai, completes the move of the Group headquarters to Dubai.
The remaining functionality in the Amsterdam
office is expected to be further scaled down in the coming period,
as previously announced by the Group.
With the move of its Group headquarters to the
Dubai, VEON is now the largest Nasdaq-listed company with its Group
headquarters in Dubai, which is also home to Nasdaq Dubai.
“Over the past few months, we have taken a
number of steps that simplify our governance and reinforce our
strategic alignment to our key markets. With the consolidation of
our trading on Nasdaq in New York, United States, 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,” said Kaan Terzioglu, Group CEO of VEON.
VEON is a Nasdaq-listed company with a global
shareholder base. VEON’s Digital Operators serve 160 million
connectivity customers, and nearly 110 million monthly active
digital users in the six markets where VEON operates: Ukraine,
Pakistan, Bangladesh, Kazakhstan, Uzbekistan and Kyrgyzstan.
About VEONVEON is a digital operator that
provides converged connectivity and digital services to nearly 160
million customers. Operating across six countries that are
home to more than 7% of the world’s population, VEON is
transforming lives through technology-driven services that empower
individuals and drive economic growth. VEON is listed on
NASDAQ. For more information visit: www.veon.com
Disclaimer This release contains
“forward-looking statements”, as the phrase is defined in Section
27A of the U.S. Securities Act of 1933, as amended, and Section 21E
of the U.S. Securities Exchange Act of 1934, as amended.
Forward-looking statements are not historical facts, and include
statements relating to, among other things, VEON’s corporate
strategy. Forward-looking statements are inherently subject to
risks and uncertainties, many of which VEON cannot predict with
accuracy and some of which VEON might not even anticipate. The
forward-looking statements contained in this release speak only as
of the date of this release. VEON does not undertake to publicly
update, except as required by U.S. federal securities laws, any
forward-looking statement to reflect events or circumstances after
such dates or to reflect the occurrence of unanticipated events.
Contact Information
VEON Hande Asik Group Director of
Communication pr@veon.com
- VEON Completes the Move of its Headquarters to Dubai
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