Abu Dhabi’s Multiply Group to Buy 2PointZero and Ghitha Holding in Share Swap
Abu Dhabi-based investment company Multiply Group has announced plans to buy 2PointZero and Ghitha Holding through a share-swap deal, creating an investment group worth around $32.7 billion (AED 120 billion).
Details of the Deal
Multiply Group said on Wednesday that it will offer new shares to acquire the two companies instead of paying in cash. The deal is still being reviewed and must be approved by shareholders and regulators before going ahead.
2PointZero is an investment firm that owns assets in energy, mining, and financial services. It focuses on using artificial intelligence (AI) and supporting the global energy transition.
Ghitha Holding, on the other hand, operates across agriculture, food production, and distribution. The company plays an important role in ensuring food security and supply in the UAE and beyond.
To complete the acquisition, Multiply Group will issue about 23.36 billion new shares, increasing its total share capital from $762.4 million (AED 2.8 billion) to $2.35 billion (AED 8.64 billion). After the merger, the company will have 34.56 billion shares in total.
Multiply Group said the move will help it manage and grow its assets more efficiently by combining the strengths of the three companies under one large, publicly listed group.
CEO’s Statement
Samia Bouazza, Group CEO and Managing Director of Multiply Group, called the merger a strategic move that brings together “vision, purpose, capital, megathemes, and exceptional teams.”
“This strategic merger is more than a consolidation of balance sheets – it’s the convergence of vision, purpose, capital, megathemes, and exceptional teams,” Bouazza said.
She added that the new group will be a diversified investment powerhouse worth AED 120 billion ($32.7 billion), covering industries like energy, food, logistics, packaging, mining, apparel, media, mobility, and beauty. Bouazza currently ranks 18th on Forbes Middle East’s 100 Most Powerful Businesswomen 2025 list.
Other Recent Moves
This announcement follows several major deals by Multiply Group in recent weeks.
Earlier this week, the company sold its entire stake in PAL Cooling Holding to a consortium led by Tabreed and CVC DIF for $1.05 billion (AED 3.87 billion). PAL Cooling operates five district cooling plants across the UAE and has eight long-term partnerships with major real estate developers. It provides cooling services for major residential and commercial projects, including developments on Abu Dhabi’s Reem Island.
Multiply said the sale was part of its strategy to unlock value from existing assets and reinvest in new growth areas.
Just last week, Multiply Group also announced that it will buy a 60.8% stake in ISEM Packaging Group, a leading Italian packaging company. The remaining 39.2% will stay with Peninsula Capital and other minority investors. The price of the deal was not disclosed.
Through these acquisitions and sales, Multiply Group continues to position itself as one of the most dynamic investment companies in the region, expanding across multiple industries while strengthening its long-term growth strategy.
Published: 16th October 2025
For more article like this please follow our social media Twitter, Linkedin & Instagram
Also Read:
Egypt to Drill 480 Oil Wells with $5.7 Billion Investment
Pet-Friendly Offices Boost Employee Happiness and Productivity
Emirates NBD May Buy Majority Stake in India’s RBL Bank: Report
