IHC Unveils $33bn Merger Creating Abu Dhabi Investment Powerhouse

IHC will list the new entity, 2PointZero Group, on the Abu Dhabi Securities Exchange (ADX), making it one of the capital’s largest publicly traded investment companies.

According to IHC, the merger will combine diversified investment platforms across energy and consumer sectors — two key drivers of regional and global growth — while accelerating competitiveness, efficiency, and long-term shareholder value.

IHC expects to complete the transaction by mid-November 2025, subject to shareholder and regulatory approvals.

Merger highlights

• IHC will merge 2PointZero, Multiply Group, and Ghitha Holding to form a next-generation investment holding company focused on powering everyday life and driving sustainable growth
• The merged entity, valued at approximately AED120bn ($32.7bn), will operate under the name 2PointZero Group PJSC and continue trading on ADX
• The company will target the Energy and Consumer sectors, leveraging opportunities in AI, food security, and global consumption growth
• The transaction will make 2PointZero Group PJSC one of Abu Dhabi’s largest listed investment entities, reinforcing IHC’s role as a leader in sustainable value creation

Global investment platform

The merger unites the complementary strengths of 2PointZero, Multiply Group, and Ghitha Holding, each bringing sector expertise and geographic reach across more than 85 countries.

The new entity will develop a vertically integrated energy platform, combining resources in renewables, mining, and utilities, while expanding across consumer-driven industries including mobility, media, apparel, and food production.

By 2050, global energy demand is forecast to rise by over 20 per cent, while more than one billion new middle-class consumers are expected by 2030 — trends the group intends to capture through AI integration, strategic acquisitions, and scalable capital deployment.

Leadership perspectives

Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and 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.”

IHC transaction structure and terms

The merger will be executed through a share-swap mechanism:

• Multiply Group will issue approximately 23.36bn new shares to acquire, from IHC-related entities, 21.60bn shares of 2PointZero (100 per cent of their stake) and 1.77bn shares of Ghitha Holding (83.9 per cent of their stake)
• Multiply’s share capital will increase from AED2.8bn ($762m) to AED8.64bn ($2.35bn)
• Upon completion, the merged entity will have 34.56bn shares outstanding and a combined asset base of AED120bn ($32.7bn)

Abu Dhabi sector focus

The new 2PointZero Group PJSC will concentrate on Energy and Consumer sectors, leveraging synergies across renewable energy, mining, mobility, media, and food production.

Its portfolio will include holdings in Lunate, Beltone Holding, Chimera Investment, TAQA, Kalyon Enerji, Omorfia Group, and Al Ain Farms, among others.

Together, these assets anchor the company’s growth in AI, energy transition, and food security, positioning Abu Dhabi as a global investment hub aligned with UAE Vision 2031.