IHC to merge 2PointZero, Multiply Group and Ghitha Holding through share swap deal

Image: IHC/ X

IHC, a global investment company focused on building dynamic value networks, announced plans to merge its flagship portfolio companies 2PointZero, Multiply Group, and Ghitha Holding into a single investment powerhouse valued at approximately Dhs120bn, creating one of Abu Dhabi’s largest listed investment entities.

The combined company will be renamed 2PointZero Group and remain listed on the Abu Dhabi Securities Exchange (ADX), uniting diversified platforms across sectors essential to future global growth. The move is aimed at accelerating global competitiveness, operational efficiency, and long-term shareholder value.

The merged entity will focus on the energy and consumer sectors, leveraging rising energy demand, AI innovation, global consumer growth, and expanding food security needs. The transaction is expected to close by mid-November.

Leveraging IHC’s platforms

The merger brings together complementary strengths across IHC’s platforms, uniting capabilities in two key sectors.

The new entity will build a vertically integrated energy platform and hold leading positions across essential consumer categories, with operations spanning more than 85 countries.

The merged company aims to provide shareholders dual access to growth in energy and consumer sectors, with strategic acquisitions expected to unlock operational, digital, and cost synergies.

Sheikh Tahnoon bin Zayed Al Nahyan, IHC chairman, 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 advance a structure that enhances long‑term growth, scalability, and resilience across vital global sectors.”

2PointZero Group portfolio overview

• 2PointZero holds scalable assets in energy, mining, and financial services, acting as an AI enabler in the global energy transition. Its portfolio includes ePointZero, International Resources Holding (IRH) with Mopani Copper Mines, Alphamin, and key transition minerals, El Sewedy Electric, EHC International, and diversified energy generation assets. Financial holdings include Lunate, Beltone Holding, Chimera Investment, Alpheya, Citadel, and Sagasse.
• Multiply Group operates across mobility, media, apparel, packaging, and beauty, in addition to energy. Using AI-driven strategies, it has achieved 8× EBITDA and 5.4× revenue growth over four years. Key holdings include Emirates Driving Company, Kalyon Enerji, TAQA, Multiply Media Group, and Omorfia Group. Multiply has expanded in Europe via Tendam (Spain) and Italy’s ISEM.
• Ghitha Holding covers agriculture, food production, and distribution, with subsidiaries including Al Ain Farms, Al Ajban Poultry, ADVOC, Al Hashemeya, Asmak, Marmum, Mirak Group, NRTC, Zee Stores, and Royal Horizon, alongside strategic interests in APEX Investments.

Transaction details

The deal will be executed through a share-swap mechanism. Multiply Group will issue about 23.36 billion new shares to acquire 21.60 billion shares of 2PointZero (100 per cent) and 1.77 billion shares of Ghitha Holding (83.9 per cent).

Share capital will increase from Dhs2.8bn to Dhs8.64bn, with 34.56 billion shares outstanding post-merger.

The combined asset base is estimated at Dhs120bn.

Completion is subject to shareholder and regulatory approvals, with the transaction expected to close by mid-November 2025.

Additional details will be announced following review procedures.

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