VEON Receives License for its Branch Office in Dubai International Financial Centre
VEON (Nasdaq: VEON, Euronext Amsterdam: VEON) has received a commercial license for its branch office in Dubai International Finance Centre (DIFC). This development aligns with VEON's previously announced plans to relocate its headquarters from Amsterdam to DIFC. Upon completion of the transition, VEON will become the largest Nasdaq-listed company headquartered in Dubai. The company operates as a global digital operator serving nearly 160 million connectivity customers and over 100 million monthly active digital service users across Pakistan, Ukraine, Bangladesh, Kazakhstan, Uzbekistan, and Kyrgyzstan.
VEON (Nasdaq: VEON, Euronext Amsterdam: VEON) ha ricevuto una licenza commerciale per la sua filiale nel Dubai International Finance Centre (DIFC). Questo sviluppo è in linea con i piani precedentemente annunciati da VEON di trasferire la propria sede da Amsterdam a DIFC. Al termine della transizione, VEON diventerà la più grande azienda quotata al Nasdaq con sede a Dubai. L'azienda opera come un operatore digitale globale che serve quasi 160 milioni di clienti di connettività e oltre 100 milioni di utenti attivi mensili di servizi digitali in Pakistan, Ucraina, Bangladesh, Kazakistan, Uzbekistan e Kirghizistan.
VEON (Nasdaq: VEON, Euronext Amsterdam: VEON) ha recibido una licencia comercial para su oficina de sucursal en Dubai International Finance Centre (DIFC). Este desarrollo está alineado con los planes previamente anunciados por VEON de trasladar su sede de Ámsterdam a DIFC. Una vez finalizada la transición, VEON se convertirá en la empresa más grande cotizada en Nasdaq con sede en Dubái. La compañía opera como un operador digital global que atiende a casi 160 millones de clientes de conectividad y más de 100 millones de usuarios activos mensuales de servicios digitales en Pakistán, Ucrania, Bangladesh, Kazajistán, Uzbekistán y Kirguistán.
VEON (Nasdaq: VEON, Euronext Amsterdam: VEON)은 두바이 국제금융센터(DIFC)에 있는 지사에 대한 상업적 라이센스를 받았습니다. 이 개발은 VEON이 암스테르담에서 DIFC로 본사를 이전하기로 이전에 발표한 계획과 일치합니다. 전환이 완료되면 VEON은 두바이에 본사를 둔 최대 나스닥 상장 회사가 됩니다. 이 회사는 파키스탄, 우크라이나, 방글라데시, 카자흐스탄, 우즈베키스탄 및 키르기스스탄 전역에서 거의 1억 6천만 명의 커넥티비티 고객과 1억 명 이상의 월간 활성 디지털 서비스 사용자에게 서비스를 제공하는 글로벌 디지털 운영자로 활동하고 있습니다.
VEON (Nasdaq: VEON, Euronext Amsterdam: VEON) a reçu une licence commerciale pour son bureau de branche dans le Dubai International Finance Centre (DIFC). Ce développement s'inscrit dans les plans précédemment annoncés par VEON de transférer son siège d'Amsterdam à DIFC. Une fois la transition terminée, VEON deviendra la plus grande entreprise cotée au Nasdaq ayant son siège à Dubaï. L'entreprise opère en tant qu'opérateur numérique mondial, servant près de 160 millions de clients en connectivité et plus de 100 millions d'utilisateurs actifs mensuels de services numériques au Pakistan, en Ukraine, au Bangladesh, au Kazakhstan, en Ouzbékistan et au Kirghizistan.
VEON (Nasdaq: VEON, Euronext Amsterdam: VEON) hat eine kommerzielle Lizenz für seine Niederlassung im Dubai International Finance Centre (DIFC) erhalten. Diese Entwicklung steht im Einklang mit den zuvor angekündigten Plänen von VEON, seinen Hauptsitz von Amsterdam nach DIFC zu verlagern. Nach Abschluss des Übergangs wird VEON das größte an der Nasdaq gelistete Unternehmen mit Sitz in Dubai werden. Das Unternehmen agiert als globaler digitaler Anbieter, der fast 160 Millionen Kunden im Bereich Konnektivität und über 100 Millionen monatlich aktive Nutzer digitaler Dienstleistungen in Pakistan, der Ukraine, Bangladesch, Kasachstan, Usbekistan und Kirgisistan bedient.
- Successful acquisition of DIFC commercial license, enabling headquarters relocation
- Set to become the largest Nasdaq-listed company headquartered in Dubai
- Strong market presence with 160 million connectivity customers
- Digital services reach of over 100 million monthly active users
- None.
Insights
The establishment of VEON's branch office in DIFC represents a strategic repositioning that could enhance the company's access to Gulf capital markets and investors. This move from Amsterdam to Dubai places VEON closer to its core operating markets in Asia and positions it as the largest Nasdaq-listed company headquartered in Dubai.
The relocation could potentially reduce operational costs and improve regional market visibility, particularly important given VEON's focus on frontier markets. With a substantial customer base of 160 million connectivity users and 100 million monthly active digital service users across six high-growth markets, this strategic shift could facilitate better regional partnerships and investment opportunities.
The DIFC headquarters transition signals VEON's commitment to emerging markets and could attract increased attention from Middle Eastern investors, potentially improving liquidity and valuation multiples.
Amsterdam and Dubai, 15 November 2024 - VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator, ("VEON" or the "Group"), announces that it has completed the registration of and received the commercial license for its branch office in Dubai International Finance Centre (“DIFC”).
“We are pleased to receive the necessary licenses from Dubai authorities for our branch office. These approvals enable us to upgrade our presence in Dubai in line with our plans to move VEON’s headquarters to the DIFC. We are excited to explore the potential that this transition will bring, both in terms of the proximity to our markets and visibility to Gulf investors,” said Kaan Terzioglu, Group CEO of VEON.
VEON had previously announced its plan to move the Group’s headquarters from Amsterdam to DIFC. Once the transition is completed, VEON will become the largest Nasdaq-listed company with its Group headquarters in Dubai.
VEON is a global digital operator that provides converged connectivity and digital services to nearly 160 million connectivity customers and more than 100 million monthly active users of digital services. Operating in Pakistan, Ukraine, Bangladesh, Kazakhstan, Uzbekistan and Kyrgyzstan – six countries that are home to more than
VEON has been listed on Nasdaq Stock Exchange since 2013 and provides global investors with the opportunity to participate in the growth of the frontier markets where the Group operates.
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 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 Communications & Strategy
pr@veon.com
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