IHC’s Board has sanctioned the initiation of transferring 2PointZero, a cutting-edge holding company encompassing diverse and dynamic firms, with plans to AED 100B ($27.2bn) in assets.
Covering various sectors, entities under common control have amalgamated to create 2PointZero, showcasing an impressive asset size expected to surpass ($27.2bn).
Abu Dhabi’s IHC Launches 2PointZero
IHC Chairman, Tahnoon bin Zayed Al Nahyan, declared: “Today, we proudly announce the establishment of 2PointZero, a next-generation holding company leading pioneering advancements across multiple sectors.”
“Embracing the future, 2PointZero is committed to a transformative impact globally. Our dedication to technology and artificial intelligence (AI) is evident in our commitment to developing solutions that redefine industries such as financial services, investment banking, and resource management.”
“Our vision transcends boundaries, and our mission is to build sustainable ecosystems that empower communities, cultivate technological excellence, and ensure financial resilience.”
IHC states that 2PointZero embodies a vision of progress across a variety of industry verticals, including:
- Private equity and alternative investments
- Venture capital operations
- Credit/asset management
- Financial services (including micro financing and insurance)
- Investment banking
- Securities brokerage and research
- Artificial intelligence (AI) and technology
- Mineral and resource management
- Digital and cryptocurrency ecosystems
- Mobility
Syed Basar Shueb, IHC’s Chief Executive Officer, said: “2PointZero’s collective strength lies in its diversity, shared vision, and unwavering commitment to progress.”
“Its thriving ecosystem of industry leaders is interconnected, each contributing unique value and drawing strength from their collective purpose.”
“By harnessing our expertise and acumen across these industry verticals and operating at an unprecedented scale, 2PointZero is poised to create a transformative impact on the world.”
Constituent Companies:
Chimera Investments: Established in 2007, this Abu Dhabi-based private investment firm, part of the Royal Group, manages a diverse equities portfolio. In 2023, it launched ChimHaeres Investment Holding, reported a net profit of AED 1.4B ($381M), and holds assets of AED 20.1B ($5.5B).
Lunate: Pending regulatory approvals, this independent global alternative investment manager, majority-owned by Chimera, focuses on private markets with assets exceeding AED 400B ($109B). It aims to be a leading private markets solutions provider.
Beltone Holding: A rapidly growing financial services provider in Egypt and the MENA region offering diverse services. Recently raised EGP10bn, becoming one of the most actively traded and liquid stocks on EGX.
International Resources Holding (IRH): Based in Abu Dhabi, it specializes in unlocking the mineral value chain with a strategic focus on energy transition minerals and key resources such as Copper, Cobalt, Nickel, Lithium, 3T (Tin, Tantalum Tungsten), Manganese, and Graphite.
Sagasse Investments: Positioned as a key player in the Middle East’s economic landscape, this dynamic investment company operates as a specialised purpose vehicle, engaging in equities, cash instruments, and premium cash and debt securities.
Citadel Technologies: A leading player in the cryptocurrency mining industry, operating the Middle East’s largest crypto-mining facility. In 2022, reported a revenue of AED 100M and an asset size of AED 2.7B. IHC recently acquired a 10 per cent stake in Phoenix Group, managing the ‘Citadel Project’, according to Arabian Business.
