IHC, an Abu Dhabi-based global investment company focused on building dynamic value networks, has announced plans to merge its flagship portfolio companies 2PointZero, Multiply Group, and Ghitha Holding into a single, next‑generation investment powerhouse valued at approximately AED120 billion ($32.68 billion), creating one of Abu Dhabi’s largest listed investment companies.

The merged listed entity will be renamed 2PointZero Group and will continue to be listed on the Abu Dhabi Securities Exchange (ADX), uniting diversified platforms across sectors essential to future global growth to accelerate global competitiveness, operational efficiency, and long-term shareholder value, said an IHC statement.

The company will focus on the Energy and Consumer sectors, leveraging rising energy demand, AI innovation, global consumer growth, and expanding food security needs to propel its business.

This transaction, expected to complete by mid-November, will create one of Abu Dhabi’s largest listed investment entities, strengthening IHC’s position as a key leader in sustainable value creation.

Strategic Rationale

The merged entity brings together the complementary strengths of three leading investment platforms under IHC, 2PointZero, Multiply Group, and Ghitha Holding, uniting capabilities across the energy and consumer sectors, two essential drivers of regional and global growth. 

The new entity will build a vertically integrated energy platform positioned to deliver sustainable growth and long-term value, while holding leading positions across key consumer categories that anchor everyday life and economic activity, with operations spanning more than 85 countries, the statement said.

"Today’s global landscape is marked by synchronised expansion in both energy demand and consumer spending. By 2050, worldwide energy usage is forecast to climb by more than 20%, and over one billion new middle-class consumers are projected by 2030, adding an additional $2.4 trillion in annual consumption. To capture these opportunities, the new entity’s strategy leverages world-class governance, robust capital, and sector leadership," it said.

Investing in the new company gives shareholders dual access to the dynamic growth and transformation taking place in both energy and consumer sectors. An investment approach built for resilience, geographic reach, and scale, paired with ongoing strategic acquisitions, will unlock new cost, digital, and operational synergies for long-term value creation, it added.

2PointZero

2PointZero is a transformational investment company, holding scalable assets in energy, mining, and financial services. The company acts as an AI enabler and accelerates the global energy transition, driving progress toward a smarter and more sustainable future. Last year, 2PointZero established its Energy & Infrastructure division, ePointZero - a global platform anchored by International Resources Holding (IRH). IRH encompasses Mopani Copper Mines, Alphamin, and key transition minerals such as copper, cobalt, and 3Ts. The company’s broader portfolio includes El Sewedy Electric in Egypt, EHC International (with strategic interests in Al Fanar and Fooj), and a diversified energy generation platform advancing integrated clean energy. In the financial sector, 2PointZero’s holdings in Lunate, Beltone Holding, Chimera Investment, Alpheya, Citadel, and Sagasse further diversify its value creation across high-growth verticals.

Multiply Group

Multiply Group is one of Abu Dhabi’s largest investment platforms, operating across five consumer-focused sectors: mobility, media, apparel, packaging, and beauty, in addition to maintaining a significant energy portfolio. Using an AI-driven investment strategy to boost performance across its portfolio, Multiply has achieved sustained growth, including 8× EBITDA and 5.4× revenue expansion over the past four years. In mobility, Multiply is a major stakeholder in Emirates Driving Company, which recently acquired a 51% share in Dubai’s Excellence Premier Investment. In energy, the group’s investments cover Kalyon Enerji, with renewable capacity set to reach 2 GW by year-end, and TAQA, one of the region’s largest listed integrated utilities. 

Multiply’s media and communications platform features Multiply Media Group, which includes BackLite Media, Media 247, and Viola Communications. In beauty and wellness, Omorfia Group manages more than 130 salons, representing leading regional brands such as N.Bar, 1847, Sisters Beauty Lounge, Tips & Toes, and Bedashing Beauty Lounge. Recently, Multiply has expanded in Europe with two key moves: acquiring a majority stake in Spain’s apparel giant Tendam (valued at AED5.6 billion) and moving to purchase a major stake in Italy’s ISEM, a premium packaging manufacturer serving clients such as LVMH, KIKO, Gucci, and L’Oréal.

Ghitha Holding

Ghitha Holding is a prominent conglomerate covering agriculture, food production, and distribution. Its subsidiaries include Al Ain Farms, Al Ajban Poultry, Abu Dhabi Vegetable Oil Company (ADVOC), Al Hashemeya, Asmak, Marmum, Mirak Group, NRTC, Zee Stores, and Royal Horizon, each contributing to the UAE’s food security and advancement of sustainable agri-food infrastructure. Ghitha also maintains strategic interests in APEX Investments, a diversified holding company operating in services, structures, energy, and investment. By embracing modernization and digital integration, Ghitha continues to enhance efficiency and sustainability along the food value chain, reaffirming its vital position in the UAE’s food and consumer ecosystem.

Sheikh Tahnoon bin Zayed Al Nahyan, Chairman of IHC, 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. It reinforces IHC’s role as an architect of transformation, harnessing AI and dynamic value networks to shape industries of tomorrow.”

Sheikh Zayed bin Hamdan bin Zayed Al Nahyan, Chairman of 2PointZero, said: “2PointZero was founded to invest in and accelerate the sectors that define the future. This transformative merger continues that mission - driving the energy transition, enabling AI, and empowering communities and consumers. It reaffirms our long‑term vision to build a globally agile investment platform that bridges opportunity, innovation, and sustainability.”

Syed Basar Shueb, Chairman of Multiply Group, said: “This milestone transaction marks the next evolution of Multiply Group. Combining complementary businesses within a unified structure accelerates our expansion, drives operating efficiency, and strengthens diversified shareholder returns. It enables us to scale high‑growth verticals and apply AI‑driven performance strategies that redefine value creation across sectors.”

Mohammed Somar Ajalyaqin, Chairman of Ghitha Holding, said:" Ghitha Holding has long advanced the UAE’s food security agenda and reinforced supply‑chain resilience. This merger builds on that legacy - broadening our capacity to invest and grow across the agri‑food ecosystem. By aligning with 2PointZero and Multiply Group, we enhance national sustainability and solidify our leadership in food and resource security.”

Indicative transaction terms

The transaction will  be executed through a share‑swap mechanism. Multiply Group will issue approximately 23.36 billion new shares to acquire, from IHC-related entities, 21.60 billion shares of 2PointZero (100% of their stake) and 1.77 billion shares of Ghitha Holding (83.9% of their stake). The share capital to increase from AED2.8 billion to AED8.64 billion. Post‑completion, the merged entity will have 34.56 billion shares outstanding.  -TradeArabia News Service