Multiply Group, 2PointZero and Ghitha Holding Merge Into 2PointZero Group

Energy · United Arab Emirates · $33B

IHC-controlled entities combined 2PointZero, Multiply Group, and Ghitha Holding (83.9% owned) into a single Dh120 billion ($33 billion) platform named 2PointZero Group, via Multiply Group issuing roughly 23.36 billion new shares, expanding share capital from Dh2.8 billion to Dh8.64 billion.