Veon announced plans to shift its headquarters from Amsterdam to Dubai, as part of a strategic alignment to bring the operator closer to key markets.
In a statement, Veon said the move to the United Arab Emirates had been approved by its board of directors. The operator has had an operational hub in the Dubai International Financial Centre (DIFC) since 2022.
Moving to the Dubai hub will make the group the largest Nasdaq-listed company with its group HQ in Dubai, which is also home to Nasdaq Dubai.
Veon Group CEO Kaan Terzioglu (pictured) said: “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.”
This move follows Veon announcing two months ago plans to delist from the Amsterdam stock exchange citing low liquidity in stocks in Europe and regulatory costs.
Veon has operating units in six markets including Bangladesh, Kazakhstan, Pakistan, Ukraine, Uzbekistan and Kyrgyzstan.
