Prime Highlights:
- Abu Dhabi’s 2PointZero, valued at Dh120 billion ($33 billion), is set for rapid expansion across Asia, Africa, and Europe following a merger with Multiply Group and Ghitha Holding.
- The merged company will focus on energy and consumer sectors, aiming to tap global opportunities and strengthen the UAE’s economic growth.
Key Facts:
- The merger creates one of the UAE’s largest listed investment platforms, retaining its listing on the Abu Dhabi Securities Exchange (ADX).
- 2PointZero’s portfolio spans energy, consumer, and food sectors, with investments in companies such as Al Ain Farms, Emirates Driving Company, Tendam, and ISEM.
Key Background:
Abu Dhabi’s 2PointZero, worth Dh120 billion ($33 billion), plans to grow quickly in Asia, Africa, and Europe. The company was created by merging three Abu Dhabi firms, 2PointZero, Multiply Group, and Ghitha Holding, making it one of the UAE’s largest listed investment companies.
Mariam Almheiri, Head of the International Affairs Office at the Presidential Court and Chief Executive of 2PointZero, highlighted the strategic significance of the merger. “An expanded balance sheet and enhanced capital strength give us the financial muscle to pursue ambitious growth targets,” she said.
The merged company will focus on the energy and consumer sectors, seeking opportunities in Africa, Asia, and southern Europe. Almheiri said energy projects have strong investment opportunities, and by 2030, the growing middle class will add about one billion consumers, generating $2.4 trillion in extra yearly spending.
The merger, described as a “milestone moment” in 2PointZero’s growth journey, is expected to deliver operational and cost synergies, particularly through the deployment of AI agents that enhance decision-making and employee productivity. “AI even supports investment processes. For example, Multiply has AI agents scanning global opportunities, enabling faster and more efficient decisions,” Almheiri explained.
The newly merged platform will retain its listing on the Abu Dhabi Securities Exchange (ADX) and is targeting an initial public offering within the next two years, aiming for a total asset value of Dh100 billion ($27.23 billion).
2PointZero’s portfolio spans energy, mining, and financial services, including companies like El Sewedy Electric in Egypt and EHC International. Multiply Group owns significant investments in consumer sectors like mobility, media, apparel, and renewable energy. Ghitha Holding supports UAE food security with businesses such as Al Ain Farms and Abu Dhabi Vegetable Oil Company, and also invests in the energy sector through Apex Investments.
Almheiri emphasized the merger will leverage existing synergies while accelerating growth on a global scale. “It was the best path forward, enabling us to expand strategically while maximizing operational efficiencies,” she said.
With 2PointZero now a leading investment company, the UAE is showing its commitment to growing the economy and expanding its influence in global business.
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