"Multiplay" announces its plans to acquire "2 Point Zero" and"Food Holding" Through a share exchange transaction

Abu Dhabi, October 15 / WAM / Multiplay Group, the Abu Dhabi-based investment holding company, announced today that its Board of Directors has approved an offer to acquire 2 Point Zero and Food Holding through a share exchange deal.

Under the proposed terms of the deal, the Multiplay Group will offer shares in exchange for the acquisition of 2 Point Zero and Food Holding, and then issue a new set of shares to complete the deal, which is still under review and subject to obtaining the approvals of shareholders and the relevant regulatory authorities.

2 Point Zero is a leading investment company focused on transformation and growth through an expandable portfolio of assets in the energy, mining and financial services sectors. It works as an enabler of artificial intelligence and an accelerator of the transformation process in the energy sector, thus enhancing the global shift towards smarter and more sustainable systems in the future, while Food Holding plays a pivotal role in supporting and strengthening the food security system. It is one of the largest groups specialized in the fields of agriculture, food production and distribution.

The companies integrate together to form a pivotal pillar of the consumer and energy sectors, which are among the main drivers of every economy, by enabling daily life and contributing to accelerating the global transformation towards smarter and more sustainable systems.

The deal is expected to contribute to enhancing operational and investment efficiency across the Multiplay Group portfolio, by consolidating integrated assets under the umbrella of a single listed platform.

Sayed Basr Shuaib, Chairman of the Board of Directors of the Multiplay Group, said that this deal constitutes a natural step in the group’s strategic path to enhance the operational efficiency in its portfolio and develop the investment platforms that we have built over the past years, indicating that the offer submitted by the Multiplay Group to acquire 2 Point Zero and Food Holding reflects its approach to enhancing value, and confirms its firm commitment to building investment entities. Able to compete globally to achieve sustainable shareholder value.

For her part, Samia Bouazza, CEO and General Manager of Multiplay Group, confirmed that this acquisition goes beyond the scope of consolidating budgets, as it combines visions, goals and capital, in addition to major global trends and exceptional teams.

She said that through this deal, we are establishing a balanced and diversified investment group worth 120 billion dirhams, whose activities extend across the energy, food, logistics, packaging, mining, clothing, media, mobility and beauty sectors.

Bouazza added that the group, through its companies spread across 85 countries, aims to serve a billion people around the world, with a focus on increasing net profits, achieving organic and inorganic growth, and enhancing value by employing artificial intelligence technologies, ensuring sustainable and long-term returns for shareholders, pointing out that the deal will be implemented through stock exchange, where Multiplay Group will issue about 23.36 billion new shares. To acquire 2 Point Zero and Food Holding companies.

This step is expected to raise the group’s capital from 2.8 billion dirhams to 8.64 billion dirhams. Following completion of the deal, the total number of shares of the combined entity will reach about 34.56 billion shares, in a step that reflects a significant expansion of the Multiplay Group’s capital base and strengthens its position in the market. The deal is also subject to obtaining the approvals of shareholders and the relevant regulatory authorities, with additional details to be announced upon completion. Review process.

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