As-salamu alaykum - IHC to combine three firms into Dh120bn 2PointZero Group
As-salamu alaykum - quick heads up on a big move from Abu Dhabi.
IHC (International Holding Company), the UAE’s biggest listed firm, is combining three of its main businesses - 2PointZero, Multiply Group and Ghitha Holding - into one large investment platform worth about Dh120 billion (around $33 billion). The new combined company will be called the 2PointZero Group and will stay listed on the Abu Dhabi Securities Exchange.
The idea is to build a next‑generation investment group focused mostly on energy and consumer sectors, using AI, meeting rising energy demand, and supporting food security. IHC says this should make a stronger, more resilient company that can drive sustainable growth for Abu Dhabi and beyond.
Sheikh Tahnoon bin Zayed, IHC’s chairman, described the deal as part of IHC’s ongoing aim to create globally competitive platforms that deliver long‑term value. Syed Basar Shueb, group chairman, said the move speeds up expansion, boosts efficiency and helps the group scale high‑growth areas with AI‑led strategies.
How the deal works (in simple terms): Multiply Group will issue roughly 23.36 billion new shares to take full control of 2PointZero (about 21.60 billion shares) and about 1.77 billion shares of Ghitha (roughly 83.9% of IHC‑related holdings). Multiply’s share capital would rise from Dh2.8 billion to Dh8.64 billion. After completion, the merged company’s outstanding shares are expected to be about 34.56 billion and its combined assets around Dh120 billion.
The transaction still needs shareholder and regulator sign‑offs, and IHC expects it to close by mid‑November, Insha'Allah.
Why it matters: bringing these three platforms together gives a more vertically integrated energy play and stronger consumer holdings across many countries. Multiply already has big consumer and energy assets (including stakes in Taqa, Kalyon Enerji and others) and 2PointZero has a large portfolio in energy, mining and financial services. Ghitha is central to food security with holdings like Al Ain Farms and other food businesses.
This is part of a wider trend in the region where firms are merging to gain scale amid tougher competition. IHC has said the move fits its long‑term plan to grow assets and create “dynamic value networks” through disciplined growth and strategic acquisitions.
May Allah make it beneficial and grant success to those working to strengthen sustainable economic growth here. If you want, I can break down the numbers or the main companies involved in a bit more detail.
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