Multiply Group May Acquire 2PointZero and Ghitha Holding

Multiply Group, the Abu Dhabi-based investment holding company that invests in and operates in transformative, cash-generating businesses globally, on Wednesday announced that its Board has approved a proposal to acquire 2PointZero and Ghitha Holding through a share swap transaction.

Together, these companies will form a $32.68 billion balanced and diversified investment group spanning energy, food, logistics, packaging, mining, apparel, media, mobility and beauty. Spread across 85 countries, the new entity after merger aims to serve one billion people globally.

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

The Multiply Group issuing approximately 23.36 billion new shares to acquire 2PointZero and Ghitha Holding, increasing its share capital from $760 million to $2.35 billion. Upon completion, the merged entity will comprise 34.56 billion shares, marking a significant expansion of Multiply Group’s capital base.

2PointZero is a transformational investment company with scalable assets in energy, mining, and financial services, serving as an AI enabler and energy transition accelerator driving a smarter, more sustainable future. Ghitha Holding is a leading conglomerate spanning agriculture, food production, and distribution operations that play a vital role in food security.

Together, these businesses represent complementary strengths across the Energy and Consumer sectors, two fundamental pillars of every economy, powering everyday life and advancing the global transition toward cleaner, smarter systems.

The transaction is expected to enhance operational and investment efficiency across Multiply Group’s portfolio by consolidating complementary assets under a single listed platform, the company said in a bourse disclosure with Abu Dhabi Securities Exchange (ADX) this morning.

This strategic acquisition via reorganisation remains subject to shareholder and regulatory approvals, with additional details to be disclosed following completion of the review process.

Natural Evolution

Multiply Group Chairman Syed Basar Shueb said that this transaction represents a natural evolution of their portfolio strategy, designed to optimise scale and strengthen the platforms they have built over the past years.

“Multiply’s offer to acquire 2PointZero and Ghitha reflects our strategic approach to value creation and our long-term focus on building globally competitive investment entities that deliver sustainable shareholder value,” he added.

Samia Bouazza, Group CEO and Managing Director of Multiply Group, said that this strategic merger is more than a consolidation of balance sheets – it’s the convergence of vision, purpose, capital, mega themes, and exceptional teams.

“Our focus is to grow our bottom line both organically and inorganically, to unlock value through AI, and to deliver consistent, long-term returns for our shareholders,” Samia added.

Known for its trademark growth mindset, Multiply Group will continue to deploy capital across its two distinct arms, both of which follow a disciplined approach to investing and ensure consistent, sustainable value creation for its shareholders in the short-, medium- and long-term.

Multiply, the investments and operations in long-term strategic verticals, currently investing and operating in Mobility, Energy, Media & Communications, Wellness & Beauty, Retail & Apparel, and Packaging. Anchor investments provide long-term recurring income, through which bolt-on acquisitions are made.