• Multiply Group approves share swap to acquire 2PointZero and Ghitha Holding, expanding its portfolio across energy and consumer sectors.
• Transaction increases Multiply Group’s capital from AED 2.8 billion (USD 762M) to AED 8.64 billion (USD 2.35B), deal valued at USD 1.6B.
• Post-merger, the group aims to form a USD 32.7 billion diversified investment platform spanning 85 countries and multiple industries.

Multiply Group

Abu Dhabi-based investment holding company, Multiply Group approved a proposal to acquire 2PointZero and Ghitha Holding through a share swap transaction.

Under the proposed terms, Multiply Group would offer shares to acquire 2PointZero and Ghitha Holding.  This will follow the issuance of new shares to complete the transaction. The transaction is currently under review and remains subject to shareholder and regulatory approvals.

The transaction will be executed through a share swap, with Multiply Group issuing approximately 23.36 billion new shares to acquire 2PointZero and Ghitha Holding. This will increase its share capital from AED 2.8 billion (USD 762M) to AED 8.64 billion (USD 2.35B). Thus, the difference in value is USD 1.6 billion which would approximately be the value of the transaction. Upon completion, the merged entity will comprise 34.56 billion shares, marking a significant expansion of Multiply Group’s capital base.

Acquisition

The transaction will allow Multiply Group to enhance operational and investment efficiency by consolidating complementary assets under a single listed platform. 

Additionally, with the merger, the collective aims to form an approximately USD 32.7 billion diversified investment group. This group will span energy, food, logistics, packaging, mining, apparel, media, mobility and beauty. 

“Together, we are forming an AED 120 billion balanced and diversified investment group spanning energy, food, logistics, packaging, mining, apparel, media, mobility and beauty. Through these companies, spread across 85 countries, we aim to serve 1 billion human beings, globally.”

Samia Bouazza, Group CEO and Managing Director of Multiply Group. 

2PointZero is a transformational investment company with scalable assets in energy, mining, and financial services. It serves as an AI enabler and energy transition accelerator aiming to drive a smarter, more sustainable future. 

Ghitha Holding is an investment holding company focusing largely on the food and agriculture sectors. This spans dairy, poultry, fish, agriculture, food commodities, edible oils, trading and distribution. 

Together, these businesses represent complementary strengths across the energy and consumer sectors.