Formerly known as Multiply Group, its new name has been approved by the SCA and its ticker symbol on ADX changes to 2PointZero
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Abu Dhabi
Multiply Group set to expand with two new acquisitions
Shareholders approve plans to acquire 2PointZero and Ghitha Holding as company also moves to rebrand
Abu Dhabi
Abu Dhabi’s Emirates Driving Company acquires 22.5% stake in Mwasalat Holding
The Multiply Group subsidiary has the option to increase its shareholding to 50.6%; Investment marks Emirates Driving Company’s entry into the broader mobility sector
2pointZero
IHC unveils $33bn merger creating Abu Dhabi investment powerhouse
IHC announces merger of Multiply Group, Ghitha Holding, and 2PointZero to form $32.7bn Abu Dhabi-listed powerhouse, 2PointZero Group
multiply Group
Multiply Group to acquire 2PointZero and Ghitha Holding through share swap deal
Ghitha Holding contributes a diversified food and agriculture platform, while 2PointZero brings scalable assets across energy, mining and financial services
multiply Group
Multiply Group to acquire a majority stake in Italian packaging company
The Abu Dhabi company will hold a 60.8 per cent stake in ISEM Group; Acquisition complements Multiply’s existing beauty and apparel verticals
acquisition
Multiply Group completes acquisition of Spanish apparel maker Tendam
The transaction, valued at AED 5.6 billion enterprise value, will double Multiply’s operational EBITDA and expand its global footprint
acquisition
Multiply Group’s Emirates Driving Company to acquire 22.5% stake in Mwasalat Holding
Investment marks Emirates Driving Company’s entry into the broader mobility sector; The company also has the option to increase its stake to a majority 50.6%
multiply Group
Multiply Group lights up the world to unite out-of-home firms to form UAE media powerhouse
Multiply Media Group lights up the world by uniting BackLite Media, Viola Media and Media 247 to form out-of-home powerhouse
Abu Dhabi
KKR among asset managers vying for Abu Dhabi’s district cooling business: Report
The Middle East’s biggest alternative investment manager, Investcorp, is also among the potential suitors for PAL Cooling Holding
Abu Dhabi
Multiply Group makes first European move with 67.91% stake in Tendam
The second-largest Spanish apparel group will anchor Multiply’s new vertical; With 1,800 PoS, Tendam generated annual sale of $1.47bn
1847 Grooming Lounge
Multiply Group’s Omorfia acquires The Grooming Company Holding
Well-known UAE salons N.BAR, 1847 and Sisters Beauty Lounge now part of 132 salons owned and operated by the Omorfia Group
Abu Dhabi
Abu Dhabi’s Multiply Group acquires BackLite Media to strengthen media, communications vertical
The acquisition includes all operational entities of BackLite Media, which has emerged as a leading media company in the UAE
Abu Dhabi
Abu Dhabi’s Multiply Group invests $100m in Breakwater Energy
The American company has a 25 percent stake in Repsol, which makes Multiply part owner of a highly profitable and cash-generative business
Abu Dhabi
Abu Dhabi’s Multiply Group to acquire 55% stake in Media 247
The deal is valued at $50 million and gives them access to over 45 outdoor premium hoardings, unipoles and 3D structures across Dubai
Abu Dhabi
Abu Dhabi’s Multiply Group saw $5bn profit in 2022
Strong investment performance lifts Abu Dhabi’s Multiply Group despite headwinds
Abu Dhabi
ADQ divests 8.6 percent of TAQA shares for $3.6 billion
Abu Dhabi’s Multiply Group makes a major investment, picking up 7.3 percent stake in the utilities company for AED10 billion
