IHC Merges to Form 2PointZero Group as a Major Investment Powerhouse
In an exciting development, the International Holding Company (IHC) has revealed its intent to merge its flagship portfolio companies—2PointZero, Multiply Group, and Ghitha Holding. This strategic move aims to create a next-generation investment entity valued at about AED120 billion ($32.7 billion).
The New Investment Entity
The merged entity, set to be named 2PointZero Group PJSC and listed on the Abu Dhabi Securities Exchange (ADX), is positioned to become one of the largest publicly traded investment companies in the capital. IHC is looking to finalize the deal by mid-November 2025, pending necessary shareholder and regulatory approvals.
Enhanced Competitive Edge
According to IHC, this merger will bring together diverse investment platforms across the sectors of energy and consumer goods—two pivotal areas for both regional and global growth. The synergy created from this merger is expected to enhance competitiveness, efficiency, and long-term value for shareholders.
Merger Highlights
- The formation of 2PointZero Group aims to drive sustainable growth by integrating the strengths of 2PointZero, Multiply Group, and Ghitha Holding.
- Valued at AED120 billion ($32.7 billion), the new entity will focus on the Energy and Consumer sectors, tapping into opportunities in AI, food security, and global consumption trends.
- This move solidifies IHC’s position as a key player in sustainable value creation within Abu Dhabi.
Building a Global Investment Platform
The merger unites the individual strengths of the three companies, each bringing unique industry know-how and geographical reach across more than 85 countries. The new entity plans to create a comprehensive energy platform that combines resources in renewable energy, mining, and utilities while expanding into consumer sectors such as media, apparel, and food production.
With global energy demand projected to increase by over 20% by 2050, and the emergence of over one billion new middle-class consumers by 2030, 2PointZero Group is strategically positioned to leverage these trends through AI integration, strategic acquisitions, and scalable investment initiatives.
Insights from Leadership
Sheikh Tahnoon bin Zayed Al Nahyan
Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and Chairman of IHC, noted that the merger signifies the organization’s ongoing commitment to constructing globally competitive platforms that yield sustainable value for the region and beyond. He asserted that this combination significantly enhances growth, scalability, and resilience across essential global sectors.
Sheikh Zayed bin Hamdan bin Zayed Al Nahyan
Chairman of 2PointZero, Sheikh Zayed bin Hamdan, emphasized that the merger aligns with their core mission to invest in sectors critical for the future, such as energy transition and AI, while empowering communities and consumers.
Syed Basar Shueb
Syed Basar Shueb, Chairman of Multiply Group, highlighted that this merger is a significant evolution for Multiply Group, enhancing operational efficiency and shareholder returns while leveraging high-growth verticals through AI-driven strategies.
Mohammed Somar Ajalyaqin
Mohammed Somar Ajalyaqin, Chairman of Ghitha Holding, discussed how the merger builds on the group’s legacy in food security and supply-chain resilience, reinforcing their commitment to sustainability and resource security.
Transaction Structure and Mechanism
This merger will follow a share-swap mechanism. Multiply Group will issue around 23.36 billion new shares, which will enable them to acquire 21.60 billion shares of 2PointZero (representing 100% of their stake) and 1.77 billion shares of Ghitha Holding (83.9% of their stake). Post-merger, Multiply’s share capital will see a significant increase from AED2.8 billion ($762 million) to AED8.64 billion ($2.35 billion). The newly formed entity will then comprise 34.56 billion outstanding shares and a combined asset base of AED120 billion ($32.7 billion).
Focus on Abu Dhabi Sectors
The newly established 2PointZero Group PJSC will chiefly focus on the Energy and Consumer sectors, capitalizing on synergies across renewable energy, mining, mobility, media, and food production. The company holds interests in several key assets, including Lunate, Beltone Holding, Chimera Investment, TAQA, Kalyon Enerji, Omorfia Group, and Al Ain Farms, positioning Abu Dhabi as a forward-thinking global investment hub aligned with the UAE Vision 2031.
This merger marks a pivotal moment not just for IHC, but also sets the stage for economic growth and sustainability in Abu Dhabi and the wider region, resonating with a vision for a prosperous future.
