VEON announced Monday that its Board of Directors had approved a plan to move the VEON Group headquarters from Amsterdam to Dubai, United Arab Emirates, where the group’s expanding operational hub has been located since early 2022.
“Our decision to relocate VEON’s headquarters to Dubai reflects the strategic realignment of our focus with closer proximity to our key markets,” the company’s Group CEO, Kaan Terzioglu, said in a statement.
“This move positions us to capitalise 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.”
The group currently operates across six countries and serves nearly 160 million customers. With its move to Dubai, it will become the largest Nasdaq-listed company with its Group headquarters in Dubai, which is also home to Nasdaq Dubai.
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