Abu Dhabi’s Dh120bn group aims for fast growth, says Mariam Almheiri
Assalamu alaikum - quick read: 2PointZero, the Dh120 billion (about $33bn) group formed by merging three Abu Dhabi companies, is planning to push for growth by investing across Asia, Africa and Europe, insha'Allah.
Mariam Almheiri, who leads the International Affairs Office at the Presidential Court and is CEO of 2PointZero, says the bigger balance sheet and stronger capital will give the new investment platform the firepower to chase ambitious expansion targets. Alhamdulillah, the merged group will be positioned to back big moves in energy and in consumer markets.
She explained they’re focusing on two main growth engines: energy and consumer. In energy and infrastructure there’s strong interest in parts of Africa, Asia and southern Europe. On the consumer side, the combined business already has a footprint in 85 countries and they’ll work on pulling together existing synergies.
Global energy needs are expected to rise by over 20% by 2050, and grids and data centres will need upgrades to support AI-driven economies, she said. Meanwhile, around a billion people could join the middle class by 2030, adding roughly $2.4 trillion a year in consumption - trends that will shape the coming decade, insha'Allah.
International Holding Company is folding three flagship firms - 2PointZero, Multiply Group and Ghitha Holding (the food distribution arm important to the UAE’s food security and halal supply chains) - into a single energy-and-consumer focused platform that will be named 2PointZero Group and remain listed on the Abu Dhabi Securities Exchange, subject to approvals.
IHC, a major private-sector investor helping diversify the economy away from oil, is aiming to expand its assets a lot by 2030. Ms Almheiri called the merger a milestone for 2PointZero, saying the deal brings cost and operational synergies.
She highlighted AI as a big part of those synergies: 2PointZero is scaling AI agents as part of its operating system, which should boost efficiency and employee output dramatically. AI is even being used to help spot investment opportunities so decisions move faster.
The company plans an IPO within two years and is targeting Dh100 billion (around $27.2bn) in total assets, she said. The merger is seen as the best path for growth right now, and she’s not disappointed about delaying an immediate IPO.
2PointZero’s portfolio includes firms in energy, mining and financial services across the region. Multiply Group covers consumer areas like mobility, media, apparel, packaging and beauty and has been expanding in Europe. Ghitha Holding’s businesses support the UAE’s food security strategy, including farms, poultry and food production companies, plus investments in energy through affiliates.
That’s the gist - a big consolidation aiming to build scale, back energy and consumer plays worldwide, and use tech and AI to speed things up, all while keeping food security and halal supply chains in view, insha'Allah.
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