Home UAE Abu Dhabi Abu Dhabi’s IHC launches mega holding company with $27bn in assets Abu Dhabi’s International Holding Company (IHC) has announced the establishment of 2PointZero, a company which will have more than Dhs100bn in assets by Reuters January 3, 2024 Abu Dhabi conglomerate International Holding Company (IHC) on Tuesday announced it had established 2PointZero, a holding company which will have more than Dhs100bn ($27bn) in assets. 2PointZero will hold ownership in entities whose transfer to IHC has been initiated, after obtaining approval from the board, the statement said. The transfer of ownerships into 2PointZero is pending regulatory approvals. READ MORE: How the world sees GCC: Region’s sovereign wealth funds on the rise 2PointZero’s portfolio will span private equity, alternative investments, investment banking and brokerage, in addition to artificial intelligence, mining and cryptocurrency ecosystems, it said. IHC is part of a business empire overseen by its chair, Sheikh Tahnoon bin Zayed al-Nahyan, who is also the UAE‘s national security adviser and a foreign policy troubleshooter for his brother, President Sheikh Mohammed bin Zayed al-Nahyan. READ MORE: The 6 companies making up Abu Dhabi’s $27bn 2PointZero 2PointZero to include Chimera Investment and others “Today, we are proud to announce the formation of 2PointZero, a next-generation holding company that stands at the forefront of pioneering advancements across multiple sectors,” Sheikh Tahnoon was quoted as saying. 2PointZero’s portfolio will include Abu Dhabi private investment firm Chimera Investment as well as alternative asset manager Lunate and Egyptian financial services firm Beltone Holding. Last month, Lunate launched the $30bn climate fund dubbed ALTÉRRA at COP28, in collaboration with global asset managers BlackRock, Brookfield and TPG. The portfolio will also include International Resources Holding, which focuses on energy transition minerals and key resources such as copper, cobalt, nickel, lithium, 3T, manganese, and graphite. Special purpose vehicle Sagasse Investments and Citadel Technologies, which operates a crypto mining plant in Abu Dhabi, are also listed in 2PointZero’s portfolio. Tags Abu Dhabi Capital Markets International Holding Company Investment You might also like Abu Dhabi firm to launch tokenised US Treasuries fund Abu Dhabi airports’ nine-month passenger jumps 31.2% New Zealand seals trade deal with GCC to boost exports, investment Last chance for UAE overstayers as visa amnesty deadline extended