Today's Edition
A. SREENIVASA REDDY (ABU DHABI)
Multiply Group has formally completed the acquisition of 2PointZero Holding and Ghitha Holding and has been renamed as 2PointZero Group.
The announcement was made in a stock market filing by Samia Bouazza, Group CEO and Managing Director of the former Multiply Group, who now serves as CEO of the newly constituted 2PointZero Group.
The official notification submitted to the Abu Dhabi Securities Exchange (ADX) confirmed the finalisation of major acquisition transactions, marking the formal consolidation of the three entities.
The newly named 2PointZero Group P.J.S.C. completed the acquisition of the entire share capital of 2PointZero Holding RSC Limited.
It also finalised the acquisition of all shares held by IHC Food Holding LLC and IHC Companies Management LLC in Ghitha Holding PJSC.
To facilitate the transactions, the company completed a capital increase by issuing and listing 23.364 billion new shares.
The formal change of the trade name to “2PointZero Group P.J.S.C.” was approved by the company’s General Assembly on November 10, 2025, and subsequently ratified by the Securities and Commodities Authority (SCA). The company’s trading symbol (ticker) on the ADX has been updated to 2PointZero.
At market open on Tuesday, 2PointZero’s market capitalisation stood at Dh90.2 billion. The stock began trading at Dh2.47, about 5% lower than the previous close, and was among the most actively traded stocks on ADX in both value and volume terms.
