IHC announced plans to merge its flagship portfolio companies — 2PointZero, Multiply Group, and Ghitha Holding — into a single next-generation investment powerhouse valued at approximately AED 120 billion. The merged entity will be renamed 2PointZero Group PJSC (2PointZero) and continue to be listed on the Abu Dhabi Securities Exchange (ADX), uniting diversified platforms to accelerate global competitiveness, operational efficiency, and long-term shareholder value.
H.H. Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and Chairman of IHC, said: “This merger reflects IHC’s continued commitment to building globally competitive platforms that drive sustainable value for Abu Dhabi and beyond. By combining three of our most strategic entities, we establish a structure that enhances long-term growth, scalability, and resilience across key global sectors. It reinforces IHC’s role as an architect of transformation, harnessing AI and dynamic value networks to shape industries of tomorrow.”
Strategic Focus and Portfolio Strengths
The merger unites the complementary strengths of the three companies across the Energy and Consumer sectors. 2PointZero focuses on energy, mining, and financial services, acting as an AI enabler and accelerating the global energy transition. Its holdings include ePointZero, International Resources Holding (IRH), Mopani Copper Mines, Alphamin, El Sewedy Electric, and a diversified energy generation platform.
Multiply Group operates across five consumer-focused sectors — mobility, media, apparel, packaging, and beauty — while maintaining a significant energy portfolio. Recent European expansions include a majority stake in Spain’s Tendam and plans to acquire a stake in Italy’s ISEM. Ghitha Holding encompasses agriculture, food production, and distribution, with subsidiaries including Al Ain Farms, Al Ajban Poultry, and Abu Dhabi Vegetable Oil Company (ADVOC), among others, thereby enhancing UAE food security and sustainable agri-food infrastructure.
H.H. Sheikh Zayed bin Hamdan bin Zayed Al Nahyan, Chairman of 2PointZero, said: “2PointZero was founded to invest in and accelerate the sectors that define the future. This transformative merger continues that mission — driving the energy transition, enabling AI, and empowering communities and consumers.” Syed Basar Shueb, Chairman of Multiply Group, added: “Combining complementary businesses within a unified structure accelerates our expansion, drives operating efficiency, and strengthens diversified shareholder returns.” Mohammed Somar Ajalyaqin, Chairman of Ghitha Holding, commented: “This merger builds on our legacy, broadening capacity to invest and grow across the agri‑food ecosystem, enhancing national sustainability and solidifying leadership in food and resource security.”
Transaction Terms and Outlook
The transaction will be executed through a share-swap mechanism, with Multiply Group issuing approximately 23.36 billion new shares to acquire 21.60 billion shares of 2PointZero (representing 100% of their stake) and 1.77 billion shares of Ghitha Holding (representing 83.9% of their stake). Share capital will increase from AED 2.8 billion to AED 8.64 billion, resulting in 34.56 billion shares outstanding post-completion. The merged entity’s combined asset base is estimated at AED 120 billion.
The merger is subject to shareholder and regulatory approvals, with completion expected by mid-November 2025. The formation of 2PointZero reinforces IHC’s long-term vision to create dynamic value networks through innovation, scale, and disciplined growth, positioning the new entity as a leading driver of sustainable value creation for the UAE and the global economy.
