Abu Dhabi-listed Two Point Zero Group, formed through the recent merger following Multiply Group’s acquisition of Ghitha Holding and 2Point, has taken full ownership of Maseera.
The group said its subsidiary, E Point Zero Holding Limited, purchased the remaining 5 per cent stake in Maseera, making it a wholly owned business, according to a statement issued on Tuesday.
As part of the ownership change, Amro Abouesh has resigned from his roles as founder and chief executive officer of Maseera.
The transaction was completed via Lumen Aegis Enterprises, a wholly owned subsidiary of E Point Zero Holding, which had previously held a 95 per cent stake in the company.
Two Point added that Maseera is being positioned as a global, digital-first financial services platform, underpinned by artificial intelligence capabilities.
