VEON Announces Plan to Move its Headquarters to Dubai International Financial Center
VEON (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator, has announced plans to relocate its headquarters from Amsterdam to Dubai, United Arab Emirates. The move, approved by VEON's Board of Directors, will make VEON the largest Nasdaq-listed company with its Group headquarters in Dubai. The company's expanding operational hub has been located in the Dubai International Financial Centre (DIFC) since early 2022.
VEON's Group CEO, Kaan Terzioglu, stated that this strategic realignment positions the company closer to its key markets and allows it to capitalize on Dubai's opportunities, including access to world-class talent and enhanced visibility with Gulf investors. The announcement coincides with the start of GITEX Global 2024, a major technology event in Dubai.
VEON currently serves 160 million connectivity customers and 110 million monthly active digital users across six markets.
VEON (Nasdaq: VEON, Euronext Amsterdam: VEON), un operatore digitale globale, ha annunciato piani per trasferire la sua sede da Amsterdam a Dubai, Emirati Arabi Uniti. La mossa, approvata dal Consiglio di Amministrazione di VEON, renderà VEON la più grande azienda quotata al Nasdaq con la sede del Gruppo a Dubai. Il centro operativo in espansione dell'azienda si trova nel Dubai International Financial Centre (DIFC) dalla fine del 2022.
Il CEO del Gruppo VEON, Kaan Terzioglu, ha dichiarato che questo riallineamento strategico posiziona l'azienda più vicina ai suoi mercati chiave e le consente di capitalizzare sulle opportunità di Dubai, inclusi l'accesso a talenti di livello mondiale e una maggiore visibilità con gli investitori del Golfo. L'annuncio coincide con l'inizio del GITEX Global 2024, un importante evento tecnologico a Dubai.
VEON attualmente serve 160 milioni di clienti di connettività e 110 milioni di utenti digitali attivi mensili in sei mercati.
VEON (Nasdaq: VEON, Euronext Ámsterdam: VEON), un operador digital global, ha anunciado planes para trasladar su sede de Ámsterdam a Dubái, Emiratos Árabes Unidos. La mudanza, aprobada por la Junta Directiva de VEON, convertirá a VEON en la mayor empresa cotizada en Nasdaq con su sede grupal en Dubái. El centro operativo en expansión de la empresa se ha ubicado en el Dubai International Financial Centre (DIFC) desde principios de 2022.
El CEO del Grupo VEON, Kaan Terzioglu, afirmó que esta reorganización estratégica posiciona a la empresa más cerca de sus mercados clave y le permite aprovechar las oportunidades de Dubái, incluidos el acceso a talento de clase mundial y una mayor visibilidad con los inversores del Golfo. El anuncio coincide con el inicio de GITEX Global 2024, un importante evento tecnológico en Dubái.
VEON actualmente atiende a 160 millones de clientes de conectividad y 110 millones de usuarios digitales activos mensuales en seis mercados.
VEON (Nasdaq: VEON, Euronext 암스테르담: VEON), 글로벌 디지털 운영업체가 본사를 암스테르담에서 두바이, 아랍에미리트로 이전할 계획을 발표했습니다. VEON의 이사회에서 승인된 이번 결정은 VEON을 두바이에 그룹 본사를 둔 가장 큰 나스닥 상장 기업으로 만들 것입니다. 이 회사의 확장 중인 운영 허브는 2022년 초부터 두바이 국제금융센터(DIFC)에 위치하고 있습니다.
VEON의 그룹 CEO인 Kaan Terzioglu는 이 전략적 재편이 회사를 주요 시장에 더 가깝게 위치시키고 두바이의 기회를 활용할 수 있게 해준다고 밝혔습니다. 여기에는 세계적 수준의 인재에 대한 접근과 걸프 투자자와의 가시성 향상이 포함됩니다. 이번 발표는 두바이에서 열리는 주요 기술 행사인 GITEX Global 2024의 시작과 일치합니다.
VEON은 현재 1억 6000만 명의 연결 고객과 1억 1000만 명의 월간 활성 디지털 사용자에게 서비스하고 있습니다.
VEON (Nasdaq: VEON, Euronext Amsterdam: VEON), un opérateur numérique mondial, a annoncé son intention de transférer son siège d'Amsterdam à Dubaï, Émirats Arabes Unis. Ce déménagement, approuvé par le Conseil d'Administration de VEON, fera de VEON la plus grande entreprise cotée au Nasdaq avec son siège de Groupe à Dubaï. Le hub opérationnel en expansion de la société est situé dans le Dubai International Financial Centre (DIFC) depuis début 2022.
Le PDG du Groupe VEON, Kaan Terzioglu, a déclaré que cette réorientation stratégique rapproche l'entreprise de ses marchés clés et lui permet de tirer parti des opportunités de Dubaï, notamment l'accès à des talents de classe mondiale et une visibilité accrue auprès des investisseurs du Golfe. L'annonce coïncide avec le début de GITEX Global 2024, un événement technologique majeur à Dubaï.
VEON dessert actuellement 160 millions de clients en connectivité et 110 millions d'utilisateurs numériques actifs mensuels dans six marchés.
VEON (Nasdaq: VEON, Euronext Amsterdam: VEON), ein globaler digitaler Betreiber, hat Pläne angekündigt, seinen Hauptsitz von Amsterdam nach Dubai, Vereinigte Arabische Emirate zu verlegen. Der Umzug, der vom Vorstand von VEON genehmigt wurde, wird VEON zum größten an der Nasdaq gelisteten Unternehmen mit seiner Gruppenzentrale in Dubai machen. Das sich ausweitende Betriebszentrum des Unternehmens befindet sich seit Anfang 2022 im Dubai International Financial Centre (DIFC).
Der CEO der VEON-Gruppe, Kaan Terzioglu, erklärte, dass diese strategische Neuausrichtung das Unternehmen näher an seine wichtigsten Märkte bringt und die Möglichkeit bietet, die Chancen Dubais zu nutzen, einschließlich Zugang zu weltklasse Talenten und besserer Sichtbarkeit bei Investoren aus dem Golfraum. Die Bekanntgabe fällt mit dem Beginn von GITEX Global 2024, einer wichtigen Technologiemesse in Dubai, zusammen.
VEON bedient derzeit 160 Millionen Konnektivitätskunden und 110 Millionen monatlich aktive digitale Nutzer in sechs Märkten.
- Relocation to Dubai positions VEON closer to key markets
- Potential access to world-class talent in Dubai
- Enhanced visibility with Gulf investors
- Becoming the largest Nasdaq-listed company headquartered in Dubai
- None.
Insights
The decision to relocate VEON's headquarters from Amsterdam to Dubai represents a significant strategic shift for the global digital operator. This move aligns with VEON's focus on key markets and positions the company to leverage Dubai's strategic advantages:
- Proximity to VEON's core operational markets
- Access to a diverse talent pool
- Increased visibility among Gulf investors
- Presence in a dynamic tech hub, as evidenced by events like GITEX Global
As the largest Nasdaq-listed company to headquarter in Dubai, VEON gains a unique position in the region's financial landscape. This move may enhance the company's ability to tap into new growth opportunities and strengthen its presence in emerging markets. However, investors should monitor how this relocation impacts VEON's operational efficiency, regulatory compliance and financial performance in the coming quarters.
VEON's headquarters relocation to Dubai could have significant implications for its market perception and investor relations:
- Potential for increased interest from Gulf-based investors, possibly diversifying the shareholder base
- Enhanced visibility in the Middle East financial markets, which could lead to new funding opportunities
- Possible changes in corporate governance structure to align with DIFC regulations
The move may also affect VEON's valuation metrics as analysts reassess the company's growth prospects and risk profile in light of its new strategic positioning. With a market cap of
Dubai and Amsterdam, 14 October 2024: VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator (“VEON” or the “Group”), today announces that its Board of Directors has approved a plan to move the VEON Group headquarters from Amsterdam to Dubai, United Arab Emirates, where VEON’s expanding operational hub has been located since early 2022.
With the move of its headquarters to its hub in the Dubai International Financial Centre (DIFC), the Group will become the largest Nasdaq-listed company with its Group headquarters in Dubai, which is also home to Nasdaq Dubai.
“Our decision to relocate VEON’s headquarters to Dubai reflects the strategic realignment of our focus with closer proximity to our key markets. This move positions us to capitalize on the vast opportunities Dubai offers, including its proximity to our operations, access to world-class talent, and enhanced visibility with a broad base of Gulf investors. We are pleased to announce this shift as GITEX Global 2024, one of the world’s premier technology events, kicks off today in Dubai, marking a new chapter for VEON in a dynamic, thriving market,” said Kaan Terzioglu, Group CEO of VEON.
VEON is a Nasdaq- and Euronext Amsterdam-listed company with a global shareholder base. VEON’s Digital Operators serve 160 million connectivity customers and a total base of 110 million monthly active digital users in the six markets where VEON operates.
About VEON
VEON 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
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
FAQ
Why is VEON moving its headquarters to Dubai?
When did VEON establish its operational hub in Dubai?
How many customers does VEON serve?
Where is VEON currently listed?
