Tahnoon bin Zayed Al Nahyan: “Embracing the future with open arms, with commitment todeveloping solutions that redefine industries. Our vision transcends boundaries, and ourmission is to build sustainable ecosystems that empower communities, cultivate technologicalexcellence, and ensure financial resilience.”
- IHC Board greenlights to initiate the transfer of 2PointZero to IHC, unitingseveral dynamic companies under a Pioneering Holding Company.
- 2PointZero is powered by an ‘Impressive Portfolio’ of industry leaders,creating a Holding Company with assets expected to reach beyond AED 100billion.
- 2PointZero embodies innovation across multiple sectors, including FinancialServices, Investment Banking, Technology & AI, Mining & ResourceManagement, and Digital & Crypto Ecosystems.
Abu Dhabi, 2nd January 2024: Today, the globally diversified Abu Dhabi-based conglomerate,International Holding Company (ADX: IHC), announced a landmark move. The IHC Boardapproved the initiation of the transfer of 2PointZero, a next generation Holding Companycomprising several diverse and dynamic companies, to IHC. Spanning multiple sectors,business combinations of entities under common control, have been combined to form2PointZero, boasting an impressive asset size expected to exceed AED 100 billion (transfer willbe completed after obtaining all regulatory approvals).
IHC Chairman, Tahnoon bin Zayed Al Nahyan said: “Today, we are proud to announce theformation of 2PointZero, a next generation holding company that stands at the forefront ofpioneering advancements across multiple sectors. Embracing the future with open arms,2PointZero is committed to having a transformative impact globally. Our dedication toTechnology and Artificial Intelligence (AI) is evident in our commitment to developingsolutions that redefine industries such as Financial Services, Investment Banking, andResource Management. Our vision transcends boundaries, and our mission is to buildsustainable ecosystems that empower communities, cultivate technological excellence, andensure financial resilience.”
A New Era of Diversified Excellence
2PointZero is more than a Holding Company; it embodies a vision of progress across a varietyof industry verticals including Private Equity and Alternative Investments, Venture CapitalOperations, Credit/Asset Management, Financial Services (including Micro Financing andInsurance) Investment Banking, Securities Brokerage and Research, Artificial Intelligence (AI)and Technology, Mineral and Resource Management, Digital and Cryptocurrency Ecosystemsand Mobility.
A Visionary Future"
2PointZero’s collective strength lies in its diversity, shared vision, and unwaveringcommitment to progress. Its thriving ecosystem of industry leaders is interconnected, eachcontributing unique value and drawing strength from their collective purpose,” said SyedBasar Shueb, IHC’s Chief Executive Officer. "By harnessing our expertise and acumen acrossthese industry verticals and operating at an unprecedented scale, 2PointZero is poised tocreate a transformative impact on the world."
A Snapshot of the Constituent Companies includes:
- Chimera Investments, established in 2007, is an Abu Dhabi-based private investmentfirm that boasts significant global influence and acumen. It manages a diverse portfolioof equities and seeks value-creation opportunities in line with its investment philosophy.As part of the Royal Group, Chimera contributes to a conglomerate with over 60 entitiesacross various industries, employing 20,000 people. In 2023, Chimera launchedChimHaeres Investment Holding with Haeres Capital, acquired Vionnet, and sponsoredand anchored ADC Acquisition Corporation, the first regional SPAC. The firm reported anet profit of AED 1.4 billion and assets of AED 20.1 billion for FY22. Chimera also overseessubsidiaries Lunate and Beltone.
- Lunate, (pending regulatory approvals), is a major independent global alternativeinvestment manager, managing of over AED 400 billion in assets. Majority-owned byChimera, it primarily invests in private markets, including Buyouts, Growth Equity,Venture Capital, Private Credit, and Real Assets, with selective investments in PublicEquities and Credit. Lunate aims to be a leading private markets solutions provider,targeting institutional investors, pension funds, and family offices, with a focus ongenerating superior risk-adjusted returns. Recently, Lunate launched ALTÉRRA at COP28,the world's largest private climate investment vehicle, aiming to steer private financetowards climate action and promote a more equitable climate finance system.
- Beltone Holding (EGX: BTFH.CA) (pending regulatory approvals) is one of the fastestgrowing financial services providers in Egypt and the MENA region. The Company offersa diverse range of services:
- Investment Banking, Asset Management, Securities Brokerage and Research;
- Direct Investments, Private Equity, Venture Capital, Leasing, Factoring, Consumer Finance, Mortgage and Microfinance; and
- Other Ventures: Data Science and Analytics, Academy, Digital Factory and Real Estate
- International Resources Holding (IRH), headquartered in Abu Dhabi, specializes inunlocking the mineral value chain with a strategic focus on energy transition minerals and key resources such as Copper, Cobalt, Nickel, Lithium, 3T (Tin, Tantalum & Tungsten),Manganese, and Graphite. IRH plays a pivotal role in advancing in-country value additionacross Africa and beyond, building ecosystems through strategic collaborations, andimproving infrastructure and living standards. Recently, IRH signed a $1.1 billioninvestment agreement for a 51% stake in Zambia's Mopani Copper Mines and partneredwith Jubilee Metals to recover copper from waste in Zambia. The company has over 20assets under negotiation and more than 22,000 square kilometres under exploration invarious countries.
- Sagasse Investments is a dynamic investment company operating as a specializedpurpose vehicle, dedicated to strategic investments in select companies. With a primaryfocus on the Middle East, Sagasse is positioned as a key player in the region's economiclandscape while maintaining flexibility to explore opportunities in diverse global markets.Beyond its core investment portfolio, the company engages directly in equities, cashinstruments, and premium cash and debt securities, demonstrating a commitment to awell-rounded investment approach. For the fiscal year 2023, the company reported totalassets of AED 8 billion and book equity exceeding AED 8 billion, underscoring Sagasse’sfinancial strength and its ability to generate value for its stakeholders.
- Citadel Technologies, is a leading player in the cryptocurrency mining industry andoperates a state-of-the-art crypto mining facility in Abu Dhabi, UAE. The companyspecializes in Bitcoin extraction and is committed to sustainable and efficient miningpractices. Citadel’s strategic location in the UAE allows it to leverage the region’sadvanced infrastructure. In FY22, Citadel reported a revenue of AED100 million and anasset size of AED2.7 billion. IHC recently acquired a 10% stake in Phoenix Group, whichmanages the ‘Citadel Project’. Citadel’s facility is recognized as the Middle East’s largestcrypto-mining facility.
About 2PointZero
2PointZero is a next generation holding company headquartered in the UAE, pioneering advancementsacross a multitude of sectors. With a vision that transcends boundaries, 2PointZero is dedicated toweaving a legacy of innovation, sustainability, and global inclusivity.
Founded with the ambition to lead in financial services, investment banking, technology, AI, and more,2PointZero unites industry leaders such as Chimera Investments, Lunate Capital, Beltone Holdings, andInternational Resources Holding (IRH) under one transformative umbrella. The 2PointZero portfolio,which is expected to surpass AED 100 billion in assets, reflects its commitment to excellence andstrategic growth in the digital and crypto ecosystems, resource management, and beyond. As a beaconof diversified excellence, 2PointZero empowers its constituent companies to foster sustainableecosystems, achieve technological breakthroughs, and ensure financial resilience.
About International Holding Company
IHC was founded in 1998 as part of an initiative to diversify and develop non-oil business sectors in theUAE and has grown to become the most valuable listed holding company in the Middle East with amarket cap of AED 879 billion as of September 30, 2023. The company endeavors to implementsustainability, innovation, and economic diversification initiatives across what is now one of theregion's largest conglomerates. IHC is included in FTSE ADX 15 Index (FADX 15), representing the top15 largest and most liquid companies on the ADX.
IHC has a clear objective of enhancing its portfolio through acquisitions, strategic investments, andbusiness combinations. Comprising more than 500 subsidiaries and over 107,000 employees, IHCseeks to expand and diversify its holdings across a growing number of sectors, including Assetmanagement, Healthcare, Real Estate and Construction, Marine and Dredging, IT andCommunications, Financial Services, Food Production and Service, Utilities, and Services.
With a core strategy to enhance shareholder value and achieve growth, IHC drives operationalsynergies and maximizes cost efficiencies across all verticals – it also continues to evaluate investmentopportunities through direct ownership and entering partnerships in the UAE and abroad. As the worldchanges and new opportunities arise, IHC remains focused on resilience, innovation, and redefiningthe marketplace for itself, its clients, and its partners.
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