ABU DHABI (ALETIHAD)
2PointZero Group said its strategic exit from Abu Dhabi National Energy Company (TAQA) strengthens the group’s financial position and enhances its flexibility to pursue attractive opportunities across its core sectors.
In a statement, 2PointZero announced the successful completion of the sale of its full 7.29% stake in TAQA to Abu Dhabi Power Corporation PJSC, an indirect and wholly owned subsidiary of L'IMAD Holding Company.
The group said the transaction supports portfolio optimisation and strengthens its liquidity position, with the proceeds to be deployed into high-growth opportunities across core sectors in energy and consumer.
2PointZero, which is listed on the Abu Dhabi Securities Exchange, described the transaction as part of its disciplined focus on creating long-term value for shareholders.
The proceeds will be allocated towards optimising the group’s capital structure, strengthening its balance sheet, and supporting investments across strategic sectors globally, including energy, mining, consumer, food and packaging businesses, the statement said.
With Dh135 billion in assets and Dh9.5 billion of cash at the end of the first quarter, 2PointZero said it will be positioned, following completion of the transaction, with one of the strongest balance sheets in the region.
The group said its net debt-to-equity ratio will stand at 0.17 times, while net debt-to-EBITDA will be approximately two times. This financial strength provides significant flexibility to deploy capital into high-quality, cash-generative businesses targeting an internal rate of return of more than 15%, while maintaining a conservative leverage profile, the statement said.
His Highness Sheikh Zayed bin Hamdan bin Zayed Al Nahyan, Chairman of 2PointZero, said, “In today’s market environment, liquidity and flexibility are strategic advantages. This transaction enables us to continue the global diversification of our portfolio and recycle our capital, while strengthening our balance sheet. We are exploring several strategic sectors globally where we aspire to create long-term value for our shareholders.”
Syed Basar Shueb, CEO and Managing Director of IHC, said the transaction is aligned with the objective of reducing exposure to minority investments and freeing up capital to focus on the group’s core sectors.
“This transaction is a clear proof point of our stated objective to reduce exposure to minority investments and free up capital to double down on the networks we are building across our core sectors. That is how we recycle capital from individual investments into connected value chains, ensuring every dirham we deploy works harder for our shareholders,” he said.
“Our focus remains on scaling ecosystems that generate durable returns and long-term value,” Shueb added.
Samia Bouazza, CEO of 2PointZero, said the transaction strengthens the group’s balance sheet and allows it to deploy capital where it sees the strongest long-term returns for shareholders.
“Following our successful 2025 exit from PAL Cooling Holding, this further reinforces our capital recycling strategy. Now is the time when sitting on cash becomes a strategic advantage,” Bouazza said.
“Combined with our Dh9.5 billion group cash position as at the end of Q1, this gives us substantial headroom to deploy across strategic sectors such as energy, mining, consumer, food and packaging businesses globally, and optimise our capital structure and balance sheet,” she added.
Consistent with its strategy, 2PointZero said it will continue to identify high-quality assets, create value through active ownership, and recycle capital into opportunities that generate sustainable long-term returns, while supporting the group’s ambition to build a leading national champion with a growing global footprint.