Multiply Group Acquisition of 2PointZero and Ghitha Holding

2PointZero and Ghitha Holding are set to merge under Multiply Group’s strategic acquisition plan in a landmark share swap deal. The Abu Dhabi-based investment firm will issue new shares increasing its capital from Dh2.8 billion to Dh8.64 billion, forming a combined entity valued at approximately Dh120 billion.

The acquisition integrates complementary strengths: 2PointZero offers scalable assets in energy, mining, and financial services with an emphasis on AI and energy transition, while Ghitha Holding brings extensive agriculture and food production capabilities vital to regional food security and sustainability efforts.

Together, these businesses expand Multiply’s diversified portfolio spanning over 85 countries in sectors including logistics, packaging, apparel, media, mobility, and beauty. The merger aims to enhance operational efficiency, capital allocation, and long-term shareholder returns by consolidating assets under one listed platform.

Chairman Syed Basar Shueb describes the move as a natural evolution to optimize scale and build globally competitive investment entities. CEO Samia Bouazza highlights the merger as the fusion of vision, capital, and exceptional teams focused on organic and inorganic growth, value unlocking through AI, and sustainability-driven innovation.

Pending shareholder and regulatory approvals, the deal positions Multiply to capture expansive regional and international opportunities aligned with emerging industrial and consumer market trends.