Two Point Zero Group (formerly known as Multiply Group) has completed its capital increase process by issuing and listing of over 23.363 billion new shares in the capital of the company.
This completes the company’s acquisition of all shares of IHC Food Holding, all shares of IHC Companies Management in Ghitha Holding PJSC, and entire share capital of Two Point Zero Holding.
The process of amending the company’s trade name to ‘Two Point Zero Group’ has also been completed in line with the General Assembly approval on November 10, and the Securities and Commodities Authority (SCA) approval of the amendment to the Articles of Association regarding name change.
The company’s trading symbol on the Abu Dhabi Securities Exchange (ADX) website has been changed to 2PointZero.
The formation of 2PointZero Group marks one of Abu Dhabi’s largest listed mergers, creating an investment platform across the energy and consumer sectors with a combined asset base of approximately AED120 billion (US$24.83 billion) and operations spanning more than 85 countries.
Dividend policy
Earlier, the executive team of the 2PointZero Group today announced its intention to propose the adoption of a dividend policy starting in 2027 to its Board of Directors.
Samia Bouazza, earlier the GCEO and Managing Director of Multiply Group, and now appointed CEO of 2PointZero Group, commented: “Our commitment is clear: to deliver sustained, compounding long-term value for our shareholders. For 2026, we are targeting a 35 per cent increase in net income, excluding fair value movement, supported by stronger operating performance across our verticals and deeper integration within the Group.
“We will also be presenting a proposed dividend policy to our Board, ensuring that our capital allocation framework rewards our shareholders while supporting disciplined expansion. Our balance sheet is a strategic advantage – AED10 billion in group cash, backed by AED31.5 billion in listed equity positions, and a healthy 0.25×1 debt-to-equity ratio.
“This gives us the capacity to do both – pursue strategic global acquisitions at scale, while maintaining consistent and attractive shareholder distributions. 2PointZero Group will operate with the resilience and firepower of a global investment platform, and we will continue deploying capital where it creates the highest long-term value.”
The proposed dividend policy will be formalised for Board consideration following the establishment of 2PointZero Group.
Upon completion of the transaction, 2PointZero Group will have a 39 per cent free float, which significantly enhances stock liquidity and broadens institutional participation.
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