"International Holding" intends to implement a merger between "2point zero" and"Multiplay" and"Food Holding" To establish a listed investment company with assets valued at 120 billion dirhams

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ABU DHABI, 15th October, 2018 (WAM) – International Holding Company announced its plans to merge its main companies, “2 Point Zero”, “Multiplay”, and “Ghudha Holding”, into a huge investment entity that will lead the next phase of growth, expansion and development, with a value of approximately 120 billion dirhams, to form one of the largest investment companies listed in Abu Dhabi.

The new listed investment entity will be renamed “2 Point Zero Group” PJSC (“2 Point Zero”) and will continue to be listed on the Abu Dhabi Securities Market, uniting under its umbrella various investment platforms across vital sectors that constitute pivotal pillars for future global growth, contributing to enhancing global competitiveness, raising operational efficiency, and creating value. Long-term sustainable for shareholders. The company will focus on the energy and consumer sectors, taking advantage of the rising demand for energy, artificial intelligence innovations, growth in global consumption, and the growing need to enhance food security to drive the growth of its business. The deal is expected to be completed in mid-November, as it will result in the establishment of one of the largest investment companies listed in Abu Dhabi, thus enhancing the leadership position of the International Holding Company in achieving sustainable value. The new entity merges the integrated businesses. For the three investment platforms of the International Holding Company, namely “2 Point Zero”, “Multiplay” and “Ghudha Holding”, to unify their capabilities and capabilities in the energy and consumer sectors, which are among the main engines of regional and global growth.

The combined entity contributes to building an integrated platform in the energy field, capable of achieving sustainable growth and generating long-term value, while maintaining a leadership position within the main categories in the consumer sector, which constitute a pillar for enabling daily life and enhancing economic activity, and its operations and activities extend across more than 85 countries.

On this occasion, His Highness Sheikh Tahnoun bin Zayed Al Nahyan, Deputy Ruler of the Emirate of Abu Dhabi and Chairman of the Board of Directors of International Holding Company, said: “This step confirms International Holding Company’s firm commitment to building leading investment platforms capable of competing globally, and contributing to achieving sustainable value for Abu Dhabi and the global economy. This merger brings together three of our largest strategic companies under the umbrella of one entity, laying the foundations To continue achieving sustainable growth, expansion, capacity building, and enhancing resilience across the most important global vital sectors. This deal also consolidates our role as a major contributor to the transformation process, employing artificial intelligence capabilities and building dynamic networks to enhance value and contribute to shaping the industries of the future.”

For his part, His Highness Sheikh Zayed bin Hamdan bin Zayed Al Nahyan, Chairman of the Board of Directors of 2 Point Zero, said: “2 Point Zero was established to embody our vision aimed at investing in the industries of the future and accelerating their growth paths. This strategic merger comes as a continuation of those efforts, as it contributes to driving the transformation of the energy sector, enhancing the use of artificial intelligence, and empowering societies.” And consumers. This cooperation confirms our long-term vision to build a flexible global investment platform that links opportunities, innovation and sustainability.”

Sayed Basar Shuaib, Chairman of the Board of Directors of Multiplay Group, said: “This landmark transaction represents the next stage in the growth journey of Multiplay Group. By merging our integrated businesses into one entity, we will accelerate the pace of expansion, increase operational efficiency, and provide stronger and more diversified returns to shareholders. We will also continue to develop promising growth sectors and adopt strategies based on artificial intelligence.” To enhance performance and create a new vision for creating value across sectors.”

Muhammad Sumer Agliqin, Chairman of the Board of Directors of Food Holding, added: “Food Holding has played a pivotal role in supporting food security goals in the UAE and enhancing the flexibility of supply chains. This merger comes as a continuation of this path, by expanding our ability to invest and grow in the agricultural and food production system. Through our integration with 2 Point Zero and the Multiplay Group, we will support the process of The country is in the field of sustainability, and we are consolidating our leading position and our pivotal role in enhancing food and resource security.”

Today, the world is witnessing a remarkable growth in demand for energy and the volume of consumer spending. Global energy consumption is expected to jump by more than 20% by 2050, as well as more than a billion new middle-class consumers by 2030, which will add about US$2.4 trillion to the volume of annual consumer spending around the world.

To seize these opportunities, the new entity’s strategy revolves around taking advantage of global governance standards, strong capital and leadership in various sectors.

By investing in the new company, shareholders will have a double opportunity to benefit from global growth and the accelerated transformation in the energy and consumer sectors.

Based on an investment approach based on solid foundations that ensure flexibility, geographical spread, and the ability to expand, in addition to continuing strategic acquisitions, the new entity will unleash new capabilities and opportunities for integration, achieving cost savings, and enhancing the efficiency of digital and operational processes to achieve sustainable value in the long term.

– “2 Point Zero”.

2Point 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 artificial intelligence enabler and accelerator of the transformation process in the energy sector, enhancing global efforts to build smarter and more sustainable systems in the future.

Last year, the company launched its arm specialized in the energy and infrastructure sector, “EPoint Zero”, which is a global platform based on the “International Resources Holding” company, which owns qualitative assets that include the “Mopani Copper” and “Alphamin” mines, in addition to projects for extracting vital transformation metals, such as copper, cobalt, tin, tantalum, and tungsten.

The “2 Point Zero” portfolio also includes investments in leading companies such as “Elsewedy Electric” in Egypt, and “EHC International” (which owns strategic stakes in “Al-Fanar” and “Fogg”), in addition to its diverse platform specialized in energy production, which supports integrated clean energy solutions.

As for the financial sector, 2 Point Zero has investments in leading companies including Lunet, Beltone Holding, Chimera Investments, Alfea, Citadel, and Sagas, which supports its diversified business model in creating value across promising growth sectors.

– “Multiplay” group.

Multiplay Group has established itself as one of the largest investment platforms in Abu Dhabi, with diversified activities spanning five main consumer-focused sectors, including the mobility, media, apparel, packaging, and beauty care sectors, in addition to a major portfolio in the energy sector.

The group adopts an investment strategy based on artificial intelligence to enhance the efficiency of performance in its portfolio, which has enabled it to maintain a continuous pace of growth, as its earnings before deducting interest, taxes, depreciation and amortization increased eight-fold, and its revenues grew by 5.4-fold over the past four years. In the areas of mobility and training, Multiplay owns a major stake in the Emirates Driving Education Company, which recently acquired a 51% stake in Excellence Premier Investment Company in Dubai.

As for the energy sector, the group’s investments include Calyon Energy, whose production capacity is expected to reach 2 gigawatts of renewable energy by the end of the year, and Taqa, which is one of the largest integrated utility companies listed in the region.

In the field of media and communications, the group’s portfolio includes Multiplay Media Group, which includes Backlight Media, Media 247, and Viola Communications.

In the field of beauty and luxury care, the Omorphia Group operates more than 130 beauty salons, and represents leading brands in the region such as “N Bar”, “1847”, “Sisters Beauty Lounge”, “Tips & Toes” and Bedashing Beauty Lounge.

Recently, Multiplay expanded its presence in Europe through two prominent strategic milestones, namely the acquisition of a majority stake in the Spanish company “Tendam”, a leading Spanish company in the clothing sector (worth 5.6 billion dirhams), and the purchase of a major stake in the Italian company “ACEM”, one of the leading companies specialized in luxury packaging solutions that cooperates with international names such as “LVMH”. And “Kiko”, “Gucci” and “L’Oreal”.

– Food Holding Group.

Food Holding is one of the largest groups specialized in the fields of agriculture, food production and distribution, and includes under its umbrella leading companies such as Al Ain Farms, Al Ajban Poultry, Abu Dhabi Vegetable Oils Company, Al Hashimiya, Fish, Marmum, Mirak Group, NRTC, Zee International Stores, and Royal Horizon. Holding.

They all play an important role in supporting the food security system in the UAE and developing sustainable infrastructure for the agriculture and food production sectors.

The group also has strategic investments in Apex Investment Company, a holding company with diversified activities that include the services, construction structures, energy and investment sectors.

Through its development efforts and integration of digital technologies, Food Holding continues to enhance efficiency and sustainability along the value chain in the food production sector, strengthening its position as a main pillar in the food and consumption systems in the UAE.

The initial terms of the deal are as follows: “The deal will be implemented through a share exchange process, and the Multiplay Group will issue approximately 23.36 billion new shares to acquire 21.6 billion shares in the “2 Point Zero” company from entities associated with the International Holding Company (100% of their shares) and 1.77 billion shares in the “Food Holding” Group (83.9% of their shares) in addition to In addition, the issued capital will increase from 2.8 billion dirhams to 8.64 billion dirhams.

Following completion of the deal, the total issued shares of the combined entity will reach 34.56 billion shares, and the value of the combined assets is estimated at approximately 120 billion dirhams. The deal is subject to the approval of the relevant shareholders and regulatory authorities. The deal is expected to be completed by mid-November 2025, and additional details will be announced once the review procedures are concluded. The establishment of the “2 Point Zero” group reflects the vision The long-term goal of the International Holding Company is to build dynamic value-creating networks based on innovation, expansion, and disciplined growth, thus enhancing its leadership role as a major driver for achieving sustainable value for the UAE and the global economy.”