#Multiply Group
The acquisition of Tendam solidifies Multiply Group’s growing portfolio of investments and marks a key milestone in its ongoing global expansion strategy
The group’s assets edged up by 3.3 per cent to reach Dhs235.6bn, compared to Dhs228bn a year earlier
This investment comes under Multiply+, the group’s sector-agnostic arm
In March, Multiply Group was added to the newly designed FTSE ADX 15 – the first index co-developed under the FTSE ADX partnership
In 2021, Multiply Group acquired stakes in UAE-based assets and international high growth firms such as Firefly, Savage X Fenty, Getty images and Viola
The firm is now working on listing its healthcare group
The group had assets of Dhs8.16bn and 3,240 employees as at end of September 2021
The group will list on ADX’s main market on December 5