VEON to Move Headquarters to Dubai, Strengthening Jazz’s Digital Transformation Efforts
Jazz, Pakistan’s top digital operator and a subsidiary of VEON (Nasdaq: VEON, Euronext Amsterdam: VEON), has welcomed the news that VEON’s Board of Directors has approved the relocation of its headquarters from Amsterdam to Dubai, United Arab Emirates. VEON’s growing operational hub has been based in Dubai since early 2022.
By moving its headquarters to the Dubai International Financial Centre (DIFC), VEON will become the largest Nasdaq-listed company headquartered in Dubai, which also hosts Nasdaq Dubai.
Aamir Ibrahim, CEO of Jazz, expressed optimism about this strategic move, highlighting that it will enhance Jazz’s ability to advance its ServiceCo and enterprise initiatives. “The move allows us to leverage Dubai’s global tech hub status to foster innovation in connectivity and digital services for our customers in Pakistan and beyond. This transition will improve our capabilities in areas like fintech, cloud, cybersecurity, and digital inclusion, while boosting our access to capital, partnerships, and talent acquisition, which are critical for driving Pakistan’s digital transformation,” Ibrahim said.
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Kaan Terzioglu, Group CEO of VEON, explained that the decision to relocate the company’s headquarters is part of a broader strategic realignment. “The shift brings us closer to key markets and offers us access to top-tier talent and a stronger presence among Gulf investors. We’re thrilled to make this announcement as GITEX Global 2024, one of the premier technology events, begins in Dubai, ushering in a new phase for VEON in a dynamic market,” Terzioglu stated.
Jazz continues to play a crucial role in regional growth by offering cutting-edge digital and financial services to millions of customers in Pakistan. With over 75 million subscribers and more than 43.9 million 4G users, Jazz leads Pakistan’s digital transformation through its diverse digital platforms, including JazzCash (fintech), Tamasha (entertainment), Garaj (cloud & cybersecurity), and SIMOSA (self-care).
