Multiply Group, the Abu Dhabi-based global investment holding company, has announced that its Board has approved a proposal to acquire 2PointZero and Ghitha Holding through a share swap transaction. The move aligns with the Group’s long-term strategy to expand scale, enhance portfolio synergies, and drive sustained value creation across its diversified businesses.
Under the proposed arrangement, Multiply Group plans to issue new shares in exchange for the acquisition of 2PointZero and Ghitha Holding. The transaction is currently under review and will require both shareholder and regulatory approvals before proceeding to completion.
2PointZero is described as a transformational investment company with scalable assets in energy, mining, and financial services. The firm positions itself as an AI enabler and a driver of the global energy transition, contributing to the development of smarter and more sustainable industries.
Meanwhile, Ghitha Holding operates as a major conglomerate within the agriculture and food production sectors, with business interests spanning cultivation, processing, and distribution. The company plays an essential role in advancing food security in the region and beyond.
Together, the two businesses bring complementary strengths across the Energy and Consumer sectors, key economic pillars that support everyday life and global sustainability goals. Multiply Group said the acquisition will improve operational efficiency and investment performance by consolidating its diverse portfolio under one listed platform.
Syed Basar Shueb, Chairman of Multiply Group, commented: “This transaction represents a natural evolution of our portfolio strategy, designed to optimize scale and strengthen the platforms we 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.”
Samia Bouazza, Group CEO and Managing Director of Multiply Group, added: “This strategic merger is more than a consolidation of balance sheets – it’s the convergence of vision, purpose, capital, megathemes, and exceptional teams. 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. 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.”
According to the proposed terms, Multiply Group will issue approximately 23.36 billion new shares to complete the acquisition of 2PointZero and Ghitha Holding. This will increase the Group’s share capital from AED 2.8 billion to AED 8.64 billion, bringing the total to 34.56 billion shares following completion.
The company stated that the transaction, a significant reorganisation initiative, will create a more balanced and diversified investment entity with enhanced exposure across multiple sectors and geographies.
The deal remains subject to shareholder and regulatory approvals, and Multiply Group confirmed that further details will be released once the review process has concluded.
