Jazz Welcomes VEON’s HQ Relocation to Dubai: A Boost for Pakistan’s Digital Future
Jazz, Pakistan’s leading digital operator and the primary operating company of VEON (Nasdaq: VEON, Euronext Amsterdam: VEON), has announced that VEON’s Board of Directors has approved a strategic plan to relocate its headquarters from Amsterdam to Dubai, United Arab Emirates. This decision aligns with VEON’s expanding operational hub, which has been based in Dubai since early 2022.
By establishing its headquarters in the Dubai International Financial Centre (DIFC), VEON will become the largest Nasdaq-listed company with its Group headquarters in Dubai, which also hosts Nasdaq Dubai.
Aamir Ibrahim, CEO of Jazz, expressed enthusiasm about this strategic move, stating, “We at Jazz welcome this exciting chapter for the entire group. This relocation enhances our ability to accelerate our ServiceCo and enterprise journey by leveraging Dubai’s status as a global tech hub. It will drive innovation in connectivity and digital services for our customers across Pakistan and beyond. Moreover, this transition will enhance our partnerships, access to capital, and talent acquisition, all crucial for bridging the digital divide as we lead Pakistan’s digital transformation.”
Kaan Terzioglu, Group CEO of VEON, highlighted the strategic significance of the relocation: “Our decision to move VEON’s headquarters to Dubai reflects a realignment of our focus towards closer proximity to key markets. This positions us to capitalize on the vast opportunities Dubai offers, including access to world-class talent and greater visibility with a broad base of Gulf investors. We are pleased to announce this shift coinciding with GITEX Global 2024, one of the world’s premier technology events, marking a new chapter for VEON in a dynamic and thriving market.”
Jazz continues to play a pivotal role in regional growth, delivering innovative digital and financial services to millions. With over 75 million subscribers and more than 43.9 million 4G users nationwide, Jazz contributes significantly to the Group’s vision of empowering societies through enhanced connectivity and digital transformation. Its digital verticals—JazzCash, Tamasha, Garaj, and SIMOSA—are leaders in the local fintech, entertainment, cloud and cybersecurity, and self-care sectors in Pakistan.
